Riyadat Financing

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

Riyadat Financing is a program that is specifically designed to support woman-owned companies 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 charged (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 Company that is owned and managed by a Bahraini woman with cumulative ownership of 50% or greater.

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

    Required Documents 
    1• Application form obtained from the bank
    2• Terms & conditions form obtained from the bank
    3• Latest bank statements
    4• Latest electricity bills
    5• Copy of the enterprise Commercial Registration (CR) or/and license required
    Constitutive documents (copy of Partnership Agreement Memorandum and Article of Association and any constitutive documents)
    • Smart Card and Passport copy of enterprise owner
    • Audited or in-house Financial Report subject to the bank’s policy

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