Riyadat Financing

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

Riyadat Financing is a program that is specifically designed to support female 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.

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
6. Constitutive documents if applicable (copy of Partnership Agreement Memorandum or Article of Association and any constitutive documents)
7. Smart Card of enterprise owner
8. 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. Start-up enterprises may be exempted from some of the requirements above.

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?