Tamweel for Trading & Installment Company (TTIC) has signed an agreement with Shariyah Review Bureau (SRB) to help TTIC achieve Shari’ah compliance in its financial programmes.
Headquartered in Dammam (KSA), TTIC helps customers finance their needs in a Shari’ah-compliant manner. Key product lines include Heavy Equipment Leasing, Murabaha Operations, Financial Lease Solutions, and Vehicle Acquisition Control. TTIC solutions are used by more than 12,000 clients in Saudi Arabia.
“We’ve seen an uptick in the adoption of Shari’ah compliant finanicing products. They are the next-generation of programmes which our customers are continuously looking out for,” said Mohammed Abdulrahman Al Mousa, Chief Executive Officer, TTIC. “To meet this demand we have developed a comprehensive scheme of Islamic products to meet rising sustainable consumer requirements.”
Founder and CEO of SRB, Yasser S. Dahlawi said, “We are proud to offer our services to them [TTIC]. We believe their efforts to offer sustainable Shari’ah compliant programs and use of SRB’s services to monitor and maintain their transactional plans in a Shari’ah compliant way is evidence of their seriousness and loyalty to Islamic financial consumers.”
Originally published on www.cpifinancial.net