Tamweel Aloula, a leading non-bank financing institute licensed by the Central Bank of Saudi Arabia (SAMA), has entered into a strategic relationship with Systems Arabia, a subsidiary of Systems Limited, to transform its core lending system. By implementing this system and leveraging Systems Saudi Model Bank on OpenShift Container Platform, this collaboration aims to revolutionize financing offerings in the Kingdom of Saudi Arabia.

Tamweel Aloula is one of the first financing companies in the Kingdom offering innovative, shariah-compliant financing solutions including personal financing, auto leasing, and real estate financing for Retail and SME customers.

Systems Arabia, a leading partner in the region, brings its expertise to Islamic financing companies like Tamweel Aloula. By enhancing their Islamic products portfolio, including Ijarah, Tawarruq, Murabaha, and Home Loan, and utilizing regulatory accelerators like Saudi Model Bank, Systems Arabia will support compliance with local market practices and SAMA regulations.

With this implementation, Tamweel will be better equipped to provide advanced and integrated financing solutions and services that allow customers to avail their services from anywhere and at any time, without the need to visit a branch. The scalability of the platform will support Tamweel to set out on its further expansion strategy while diversifying its financial solutions portfolio to meet the needs of a wide range of society segments. Furthermore, by accelerating financing for retail clients, Tamweel will support the country's booming economy and business ecosystem.

Tamweel Aloula is truly a market leader among Saudi Financing companies. We are one of the largest financing companies in KSA, serving a vast client base with a diversified financing solutions portfolio. By partnering with Systems Arabia, we are leveraging world-class technology, including the Saudi Model Bank, to accelerate our digital transformation. This localized model, designed specifically for the Saudi market, ensures seamless regulatory compliance while enabling us to launch new products faster and expand our reach efficiently. This collaboration is a key step in our vision to support Saudi Arabia’s Vision 2030 by fostering a dynamic and digitally driven financial ecosystem.

Saleh Al-Afaleq

Managing Director, Tamweel Aloula

This partnership with Tamweel Aloula strengthens our footprint in the region and builds on our expertise in offering Islamic Financing transformation to leading financing companies. By leveraging our accelerators like Saudi Model Bank, we are well-positioned to provide advanced offerings and capabilities to Tamweel Aloula, while implementing a cloud-native and API-driven Core and Digital platform. This transformation will enable Tamweel Aloula to accelerate its role in the Islamic finance landscape in KSA by offering modern and digital solutions to retail clients, supporting the kingdom’s growth.

Rao Hamid Khan

General Manager, Systems Arabia and Bahrain

This partnership between Tamweel Aloula and Systems Arabia marks a significant step in advancing digital finance in the region. By combining Tamweel Aloula’s market leadership and Systems Arabia’s expertise, this collaboration will drive innovation, enhance efficiency, and support the Kingdom’s evolving financial landscape.