Muhlah
SAMA-licensed Riyadh fintech offering small-ticket Shariah-compliant consumer financing through a digital platform. A BIM Ventures venture-studio spinoff, it announced a SAR 28.25 million seed round in March 2026.
Industry: Shariah-compliant consumer microfinance | Location: Riyadh, Saudi Arabia | Founded: 2024 | Total Funding: USD 7.5M
About Muhlah
Muhlah is a Riyadh-based Saudi fintech that provides Shariah-compliant consumer microfinance through a digital platform. Its legal name is Muhlah Zamaniyah for Finance. Customers apply for small-ticket financing without branch visits or heavy paperwork, and Qubit Capital reports that the loans are structured as murabaha or taqseet.
Wamda reports that Muhlah was founded in 2024 by Abdulaziz AlRammah, who is its chief executive and leads its next growth phase. The company is a spinoff of the venture studio of BIM Ventures, the Saudi venture builder.
The Saudi Central Bank (SAMA) granted Muhlah a licence in September 2025 to carry out consumer microfinance activity using financial technology, according to Sharikat Mubasher. Qubit Capital described it as the 68th licensed finance company in the Kingdom and one of about 11 licensed consumer microfinance operators.
On 9 March 2026 Muhlah announced a seed round of SAR 28.25 million, about 7.5 million US dollars. BIM Ventures and Japan's SBI Group co-led the round, with participation from AlSuhaimi Holding Group and Fakhr Investment Holding Company. Qubit Capital described it as Muhlah's first announced funding round. Wamda reports that BIM Ventures and SBI Group signed a memorandum of understanding in May 2024 to form a strategic alliance that includes jointly establishing and managing investment funds, and that the Muhlah investment is one initiative under that alliance. SBI's participation is described as foreign direct investment.
Muhlah said it would use the funds to expand its financing capacity and to develop Shariah-compliant funding structures, including off-balance-sheet and partner-backed arrangements. It also said it would explore additional funding channels and international partnerships, subject to market conditions and further agreements. Customer numbers, loan volumes and headcount have not been published.
Leadership
- Abdulaziz AlRammah, Founder and CEO