Riyadat Financing

  • Details
  • How it works
  • Terms & Conditions
  • FAQ's

Riyadat Financing is a program that is specifically designed to support woman-owned Startups to help them develop and grow. Tamkeen, in collaboration with the Bahrain Development Bank, provides these companies with access to Sharia-compliant financing at a competitive profit rate, wherein Tamkeen subsidizes 60% of the annual nominal profit rate (capped at an 8% reducing balance).

The finance amount ranges from BD 5,000 to BD 100,000 with an option of a repayment tenor of up to 10 years and a grace period, subject to the bank’s policy.

Eligibility Criteria

Any Startup that is owned and managed by a Bahraini woman with cumulative ownership of 50% or greater.

To apply for this scheme, please contact Bahrain Development Bank at 17511111 or visit any of their branches.

Documents Required: 
1. Application form obtained from the bank
2. Terms & conditions form obtained from the bank
3. Smart Card and Passport copy of the enterprise owner

Note: Additional documents might be required subject to the terms and conditions of the bank.

Note: Terms & conditions may vary by Partner Bank. 

1.How much can I get from the bank and how is the amount determined?
2.For what purpose can I use the amount?
3.How long is the repayment tenor? Can I get a grace period?
4.How will I receive Tamkeen’s subsidy?
5.I currently only have a business idea without a license or commercial registration. When can I apply and when will I be able to utilise the financing amount?