Tamkeen launches new ‘Tamweel +’ financing scheme
Manama : Tamkeen yesterday announced the launch of its new financing scheme “Tamweel +”, which is a BD40 million sharia-compliant portfolio.
The scheme, according to Tamkeen, provides financing within a range of BD1 million to a maximum of BD2.5 million, with a repayment period of up to 10 years.
The portfolio is offered in partnership with Al Baraka Islamic Bank and Ithmaar Bank.
This was announced during its annual consultation forum held on the occasion of Tamkeen’s 10th anniversary.
The forum on the topic “A Decade of Dedication for a Better Bahrain”, discussed Tamkeen’s achievements in the past 10 years, as well as the organisation’s existing programmes and future plans.
Tamkeen Chief Executive, Dr. Ebrahim Mohammed Janahi, expressed delight at the success of the forum and said: “Tamkeen’s diversified solutions aim to support Bahrain’s private sector, including individuals and enterprises, maximise benefits, and reach the largest number of customers.
According to the announcement, over the past decade, Tamkeen launched more than 200 initiatives to serve the private sector, from which over 100,000 individuals and over 38,000 enterprises have benefited to date.
Tamkeen’s diversified initiatives include grants, finance solutions, and advisory services, all designed to develop the productivity of individuals and enterprises and enable them to compete locally and globally.
During the past 10 years, Tamkeen allocated 47% of its customer support to empower Bahraini women through training as well as entrepreneurship and business support schemes.
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