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.