Lynk

Saudi fintech (Arabic: لينك) that connects financial institutions with suppliers to run Sharia-compliant Murabaha financing digitally.

Industry: Islamic finance / Murabaha fintech | Location: Riyadh, Saudi Arabia

About Lynk

Lynk (Arabic: لينك) is a Saudi financial technology company that supports financial institutions in carrying out the banking mediation step of Murabaha financing quickly and in line with Islamic Sharia principles. The platform connects institutions directly with approved suppliers so that a Murabaha transaction, in which the financier buys an asset and sells it on to the customer, can be completed digitally. Lynk's website says the process takes seconds, runs around the clock, is overseen by a certified Sharia committee, and that technical integration for institutions comes at no cost.

Products listed on the site cover personal finance, credit-card finance, corporate finance, peer-to-peer finance, margin finance, term deposits and micro finance. A suppliers page invites vendors to join the supplier network.

Governance is described in some detail. The board is chaired by Eng. Majed Alosaimi. Other board members named are Sheikh Dr. Abdullah bin Nasser Al-Sulami, Abdul Latif bin Ali Al Fozan, who is COO of Alfozan Holding and chairman of Saudi Reinsurance Company, and Rayan Alsharif. Thabet Al Subaie is managing director and CEO, and the company's site describes them as a financial consultant with more than nine years in banking. The Sharia committee is chaired by Sheikh Dr. Abdullah bin Nasser Al-Sulami, with Dr. Abdullah bin Mansour Al-Ghufaili and Dr. Fahd bin Badi Al Morshedi among its members.

TechScoop's category data lists the company at Pre-Series A stage in Riyadh. Founding year, funding and customer names are not published on the pages reviewed.

Leadership