Technology

Quara Finance, a leading provider of innovative Sharia-compliant financial solutions in Saudi Arabia, has unveiled its state-of-the-art digital checkout solution for Jarir Bookstore. This advanced e-commerce platform marks a significant milestone in digital financing for the retail sector, allowing customers to effortlessly use Quara Finance's digital channels for their purchases.

Aligned with the Kingdom's vision for a cashless economy and evolving consumer preferences, Quara Finance's new solution streamlines the retail experience. This launch reinforces Quara Finance’s commitment to digital transformation and customer-centric services, cementing its status as a major player in Saudi finance, following its successful listing on Tadawul's Nomu market earlier this year.

The end-to-end checkout solution enhances the customer journey by providing swift and convenient financing options directly through Jarir Bookstore's digital platforms. The service, which will eventually include other merchants, is tailored to consumer habits, reflecting Quara Finance's dedication to meeting diverse customer needs. Advanced features such as robotic calling, chatbots, and future WhatsApp integration create a comprehensive digital service environment.

Faisal Al-Alshaikh, CEO of Quara Finance, commented: “Quara Finance is committed to supporting the sustainable economic growth and digital transformation efforts of the Kingdom by continuously expanding its financial and retail services. The checkout solution for Jarir was designed with consumer habits in mind, exemplifying our mission to provide accessible, efficient, and customer-focused financial solutions in an increasingly digital world.”

The six-year collaboration between Quara Finance and Jarir Bookstore highlights their mutual dedication to customer satisfaction and financial accessibility. This partnership has empowered customers with flexible, Sharia-compliant installment payment plans, featuring robust verification controls for quick approvals. Customers can finance purchases of up to SAR 30,000 for up to 36 months, benefiting from competitive low-profit margins and no down payments.

Quara Finance’s commitment to digital transformation and technological innovation continues to shape the Saudi financial landscape. Established in 2009 as a Limited Liability Company (LLC) with a capital of SAR 300 million, Quara Finance serves a robust customer base exceeding 100,000 individual clients. Its strategic vision emphasizes delivering unparalleled financial solutions that empower individuals and businesses, fostering a more inclusive and dynamic financial ecosystem in the Kingdom.

For more information, visit Quara Finance.

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