Wednesday, 01 December 2021 02:44 GMT

Quara Finance Renews its Financing Service Agreement with Jarir Bookstore


(MENAFN- Mid-East.Info) Riyadh, Saudi Arabia: Quara Finance, a leading Saudi company providing Sharia-compliant financial services, has renewed its financing service agreement with Jarir bookstore for the third consecutive year. The partnership will continue to offer easy and convenient monthly installment plans for customer purchases in any branches of Jarir Bookstore across the Kingdom.

Ehab Hassoubah, CEO, Quara Finance, said : “We are very proud to have Jarir Bookstore as a partner. Our relationship has grown from strength to strength and through our renewed agreement we will continue to provide seamless financing services with quick approvals to their valued customers. We look forward to growing our partnership with Jarir and provide additional innovative financial solutions.”

“This partnership is an integral part of Quara Finance's strategy to expand its financial and retail services locally to support the sustainable economic growth and development of Saudi Arabia,” added Hassoubah.

Commenting on the agreement renewal,  Nasser Al Aqeel, CEO, Jarir Bookstore, said : “Jarir Bookstore always strives to achieve the highest customer service standards through our financing services, and we look forward to further enhancing our services in partnership with Quara Finance.”

Quare Finance provides flexible Sharia-compliant installment payment plans with a facilitated approvals process to Jarir Bookstore customers for up to 36 months and for up to SAR 30,000 worth of purchases with a competitive low-profit margin without any down payments.

About Quara Finance:

In May 2020, Quara Holding acquired Maalam Financing and gyrated it into Quara Finance, a future forward company that caters to the financial needs of individuals and businesses of the digital age. Its portfolio of services includes innovative shariah-compliant financial products and solutions. Today, Quara Finance is one of the leading financial services company in the Kingdom, a first-of-its-kind that caters to individuals and SMEs alike.

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