Muhlah Zamaniyah for Finance, operating under the brand Muhlah, a Saudi fintech-enabled consumer microfinance company licensed by the Saudi Central Bank (SAMA), has closed a Seed funding round totalling SAR 28.25 million (US$7.5 million).

The round was led by BIM Ventures and SBI Group, a Japanese financial conglomerate. AlSuhaimi Holding Group and Fakhr Investment Holding Company also participated.

Muhlah is a venture studio spinoff from BIM Ventures.

It was created to provide regulated consumer financing solutions supported by governance and compliance frameworks.

The investment highlights continued foreign interest in Saudi Arabia’s regulated financial sector.

SBI Group’s participation represents foreign direct investment supporting Muhlah’s expansion and its ability to offer Shariah-compliant financing solutions, building on the partnership between BIM Ventures and SBI.

Muhlah plans to expand its financing capacity through Shariah-compliant structures, including off-balance-sheet and partner-backed arrangements.

The company is also exploring additional funding channels and international partnerships. These efforts are intended to support future growth, subject to market conditions and further agreements.

Abdulaziz AlRammah, Chief Executive Officer of Muhlah, will lead the company’s next phase of growth. His focus will be on expanding access to Shariah-compliant consumer microfinance.

The company plans to offer products designed to improve transparency, affordability and sustainable repayment outcomes.

Featured image credit: Edited by Fintech News Middle East, based on image by lifeforstock via Freepik