{"id":4352,"date":"2022-12-05T09:29:09","date_gmt":"2022-12-05T09:29:09","guid":{"rendered":"https:\/\/cms.alj3.clients.lemonhq.io\/press-release\/abdul-latif-jameel-finance-launches-new-mobile-app-cash-loan-product-in-saudi-arabia\/"},"modified":"2025-12-09T09:05:20","modified_gmt":"2025-12-09T09:05:20","slug":"abdul-latif-jameel-finance-launches-new-mobile-app-cash-loan-product-in-saudi-arabia","status":"publish","type":"pressrelease","link":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/abdul-latif-jameel-finance-launches-new-mobile-app-cash-loan-product-in-saudi-arabia\/","title":{"rendered":"Abdul Latif Jameel Finance launches new mobile app cash loan product in Saudi Arabia"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>Applying and securing an instant cash loan for initial approval can be completed safely in a few minutes through the mobile application without a guarantor<\/li>\n\n\n\n<li>Cash Jameel\u2019s product, via mobile application, is among the first financial products of its kind in Saudi Arabia<\/li>\n\n\n\n<li>The application offers a fully digital interface and a smooth user experience<\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/aljfinance.com\/\">Abdul Latif Jameel Finance<\/a> has announced the launch of a new mobile application for its \u2018Cash Jameel product\u2019, an Islamic Tawarruq product that allows individuals to fulfil their financial needs safely by applying for a desired amount of cash and receiving an immediate initial approval.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright\"><img decoding=\"async\" src=\"https:\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Cash-Jameel-screen.jpg\" alt=\"\" class=\"wp-image-104529\"\/><\/figure>\n<\/div>\n\n\n<p>Cash Jameel\u2019s product, via mobile application, is among the first financial products of its kind in Saudi Arabia.&nbsp; It enables Saudi nationals, earning above 3,000 SAR per month (US$ 800), to seamlessly apply and receive an instant initial approval for a cash loan of a minimum of 10,000 SAR (US$ 2,667 approximately) and a maximum of 20,000 SAR (US$ 5,333 approximately).<\/p>\n\n\n\n<p>The paperless application offers a fully digital interface and a smooth user experience as it reduces manual input and offers instant initial approvals on cash financing without a guarantor. Applicants are only required to register their personal and financial information and can even sign contracts digitally.<\/p>\n\n\n\n<p>Additionally, due to the application\u2019s user-friendly design, loans are initially approved quickly and easily in a few minutes, allowing individuals to fulfill their financial needs smoothly.<\/p>\n\n\n\n<p><a href=\"https:\/\/media.alj.com\/en\/our-people\/dr-khalid-d-al-karimy\/\">Dr. Khalid D. Al Karimy<\/a>, CEO, Abdul Latif Jameel Finance said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c<em>The introduction of Cash Jameel\u2019s product via mobile application builds on the success of the previously launched Cash Jameel products for SMEs and Individuals. Digital and paperless products offer more convenient transactions with increased security. They not only contribute to helping to protect the environment, but also support financial institutions in reducing operational expenses whilst elevating their customers\u2019 experience\u201d. <\/em><\/p>\n<\/blockquote>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/media.alj3.clients.lemonhq.io\/wp-content\/uploads\/2024\/10\/Cash-Jameel-1.png\" alt=\"\" class=\"wp-image-104564\"\/><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<p>The introduction of this application reflects Abdul Latif Jameel Finance\u2019s strategy to diversify its offering, address its clients\u2019 changing needs and expand its financial products. This comes in line with the objectives of The Financial Sector Development Program, which was launched as part of the Vision 2030 and aims to develop a diversified and effective&nbsp;financial&nbsp;sector&nbsp;to support the&nbsp;development&nbsp;of the national economy in Saudi Arabia.<\/p>\n","protected":false},"featured_media":4354,"menu_order":0,"template":"","class_list":["post-4352","pressrelease","type-pressrelease","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Abdul Latif Jameel Finance launches new mobile app cash loan product in Saudi Arabia - Abdul Latif Jameel<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abdul Latif Jameel Finance launches new mobile app cash loan product in Saudi Arabia - Abdul Latif Jameel\" \/>\n<meta property=\"og:description\" content=\"Abdul Latif Jameel Finance has announced the launch of a new mobile application for its \u2018Cash Jameel product\u2019, an Islamic Tawarruq product that allows individuals to fulfil their financial needs safely by applying for a desired amount of cash and receiving an immediate initial approval. 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