Tamkeen Finance

Tamkeen Finance

Now, you can grow your business further with SME Finance from Al Baraka Islamic Bank in partnership with Tamkeen. For over a decade, Tamkeen has been advancing economic development in Bahrain, providing funds and various facilities for small and medium enterprises. In our partnership with Tamkeen, we are able to contribute to these activities, and promote our values of social responsibility and the development of society.

  • This program is designed to support new enterprises that are establishing or have established within the last two years to build their businesses. The program aims to foster entrepreneurship and increase productivity and innovation by providing early-stage businesses with tailor-made solutions that cater to their requirements.

     

    Financing Cap:

    • High potential projects/business: 50% up to BHD 500K Facility cap (additional to grant)

    • Others: 50% up to BHD 50K Facility cap (financing or grant).

     

    Businesses Eligibile:

    • Micro, Small, Medium and Large
    • CR Under formation

     

    Financing Incentive:

     

    SMEs:

    • 50% of the Profit rate capped at 4%; whichever is lower

     

    Eligibility Criteria: 

    Beneficiary holds an active CR/license / Active without license.

    • Beneficiary is based in Bahrain.
    • Beneficiary has been operating for less than 2 years (since CR registration).
    • Beneficiary must not have activities of a Holding Company as a single activity.
    • Beneficiary should not have active violations or is blacklisted by Tamkeen.
    • Beneficiary must not have previously defaulted on a loan whereby Tamkeen paid the guarantee.
    • Must be registered with the National Bureau for Revenue (NBR) if eligible

     

    Items Covered

    • Machinery & Equipment
    • Marketing and Branding
    • Technology
    • Working capital (Limited – through financing support only)

     

    Tenor of the facility

    • Up to a cap of 7 years.
  • This program is designed to encourage and support businesses to adopt and leverage relevant digital technologies to advance their business models and unlock greater productivity and flexibility. 

     

    Financing Cap:

    • Automation: 50% of BHD 75K Facility cap
    • Industry 4.0: 50% of BHD 500K Facility cap

       

    Businesses Eligibile:

    • Digitization and automation: Micro, Small, Medium
    • Industry 4.0: Large (Manufacturing)​

     

    Financing Incentive:

    SMEs:

    • 50% of the Profit rate capped at 4%; whichever is lower

    Large:

    • 50% of the Profit rate capped at 2%; whichever is lower

     

    Eligibility Criteria: 

    • Beneficiary holds an active CR/license / Active without license.
    • Beneficiary holds an active CR/license.
    • Beneficiary is based in Bahrain.
    • Beneficiary has been operating for more than 2 years since CR registration • Beneficiary must not have activities of a Holding Company as a single activity.
    • Beneficiary must not have any active violations or is blacklisted by Tamkeen.
    • Beneficiary must not have previously defaulted or is defaulting on a loan supported by Tamkeen.
    • Must be registered with the National Bureau for Revenue (NBR) if eligible

     

    Items Covered

    Technology:

    • Industry 4.0 Solutions

    • Machinery & Equipment

    • Automation Machinery

     

    Tenor of the facility

    • Up to a cap of 7 years.
  • This program is designed to encourage the growth of existing enterprises through targeted support solutions for objectives such as overseas market expansion, franchising, new product/service line, local expansion, and export expansion.

     

    Financing Cap:

    • SMEs: 50% of BHD 300K Facility cap
    • Large: 30% of BHD 1 Mn Facility cap

     

    Businesses Eligibile:

    • Small, Medium and Large

     

    Financing Incentive:

    SMEs:

    • 50% of the Profit rate capped at 4%; whichever is lower

    Large:

    • 50% of the Profit rate capped at 2%; whichever is lower

     

    Eligibility Criteria: 

    • Beneficiary holds an active CR/license
    • Beneficiary is based in Bahrain
    • Beneficiary has been operating for more than 2 years since CR registration
    • 30% Bahraini ownership for overseas expansions
    • Remains locally operational
    • Demonstrates year on year revenue growth and/or operating profit growth​
    • Beneficiary has 2 consecutive years audited financials (latest not older than 2 years) 
    • Beneficiary must not have an overseas branch or a shareholding stake in any overseas branch with similar business activities in the target market
    • Must be registered with the National Bureau for Revenue (NBR) if eligible

     

    Items Covered

    Machinery & Equipment

    Marketing and Branding

    Technology:

    Quality management systems (only for manufacturing under export track)

    Working capital (Limited – through financing support only)

     

    Tenor of the facility

    • Up to a cap of 7 years.
  • This program is designed  to provide enterprises that are struggling temporarily with access to financing and a solid recovery plan to develop and implement a strategy to turnaround their business building on previous success.

     

    Financing Cap:

    • SMEs: 50% of BHD 300K Facility cap
    • Large: 30% of BHD 1 Mn Facility cap

     

    Businesses Eligibile:

    • Medium and Large

     

    Financing Incentive:

    SMEs:

    • 50% of the Profit rate capped at 4%; whichever is lower

    Large:

    • 50% of the Profit rate capped at 2%; whichever is lower

     

    Eligibility Criteria: 

    • Beneficiary holds an active CR/license.
    • Beneficiary is based in Bahrain.
    • Beneficiary has been operating for more than 5 years since CR registration. 
    • Beneficiary has a record of temporary financial deterioration 
    • Beneficiary has 2 consecutive years audited financials (latest not older than 2 years) 
    • Beneficiary must not have any active Labour Market Regulatory Authority offenses or violations
    • Beneficiary must not have activities of a holding company as a single activity
    • Beneficiary must not have utilized the liquidity fund from Ministry of Finance and National Economy (MOFE).
    • Beneficiary’s source of financial troubles must not be due to legal actions/lawsuits.
    • Must be registered with the National Bureau for Revenue (NBR) if eligible

     

    Items Covered

    Capex and working capital related to the transformation

     

    Tenor of the facility

    • Up to a cap of 7 years.
  • In collaboration with the Bahrain Economic Development Board (EDB), this program is designed to help international investors who are looking to establish operations overseas by expanding projects, contributing to economic development, and introducing new technologies to the local market.

     

    Financing Cap:

    • 25% of BHD 2 Mn Facility cap

     

    Businesses Eligibile:

    • Medium and Large

     

    Financing Incentive:

    SMEs:

    • 50% of the Profit rate capped at 4%; whichever is lower

    Large:

    • 50% of the Profit rate capped at 2%; whichever is lower

     

    Eligibility Criteria: 

    For New FDI:

    • Holding company has been operational for more than 3 years. 
    • At least 30% of the Beneficiary is owned by a foreign individual and/or entity. 
    • Holding company must submit 2 consecutive years audited financials (latest not older than 2 years) 
    • Holding company has had a positive net profit for 2 consecutive years within the past 5 years.  
    • Beneficiary must either have a feasibility study or a business plan.


    For Existing FDI:

    • Same eligibility as new FDI but all requirements will be for the Beneficiary instead of the holding company.

     

    Items Covered

    • Initial setup
    • Machinery and Equipment
    • Technology
    • Training
    • Employment
    • Others based on the project

     

    Tenor of the facility

    • Up to a cap of 7 years.

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