News DeskRiyadh, Saudi Arabia – Quara Finance, a leading provider of innovative Sharia-compliant financial solutions in Saudi Arabia, has unveiled a groundbreaking digital check-out solution for Jarir Bookstore. This state-of-the-art e-commerce platform represents a significant advancement in digital financing within the retail sector, allowing customers to effortlessly utilize Quara Finance’s digital channels for their purchases.
The launch of this new service is in line with Quara Finance’s commitment to bolstering the Kingdom’s cashless economy, catering to evolving consumer preferences, and streamlining the retail experience. By focusing on digital transformation and customer-centricity, Quara Finance reinforces its status as a key player in the Saudi finance sector, following its successful listing on Tadawul’s Nomu market earlier this year.
The innovative end-to-end check-out solution enhances the customer journey by providing swift and convenient financing options directly through Jarir Bookstore’s digital platforms. This service, which will soon be extended to other merchants, is designed to align with consumer habits, underscoring Quara Finance’s dedication to meeting diverse customer needs. Additionally, the platform includes advanced features such as robotic calling and chatbots, with future plans for WhatsApp integration, creating a comprehensive digital service environment.
Faisal Al-Alshaikh, Chief Executive Officer of Quara Finance, commented on the new solution, stating, “Quara Finance remains dedicated to supporting the sustainable economic growth and development of the Kingdom’s digital transformation efforts through constantly expanding its financial and retail services. The introduction of the check-out solution for Jarir was built with consumer habits in mind, exemplifying our mission to provide accessible, efficient, and customer-focused financial solutions in an increasingly digital world.”
The collaboration between Quara Finance and Jarir Bookstore, now in its sixth year, highlights a shared commitment to customer satisfaction and financial accessibility. This long-standing partnership has empowered customers with flexible, Sharia-compliant installment payment plans, featuring robust verification controls for swift 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.
As Quara Finance continues to lead in digital transformation and technological innovation within the Saudi financial landscape, its strategic vision remains focused on delivering exceptional financial solutions that empower both individuals and businesses. Established in 2009 as a Limited Liability Company (LLC) with a current capital of SAR 300 million, Quara Finance proudly serves a customer base of over 100,000 individuals, shaping a more inclusive and dynamic financial ecosystem for the Kingdom.
