Aajil

Aajil is a Sharia-compliant B2B buy-now-pay-later platform for Saudi contractors, traders and manufacturers: it buys materials on the business's behalf, pays the supplier directly and lets the buyer repay over 2 to 12 months, with credit limits up to SAR 4 million. Founded in 2022 and led by co-founder and CEO Abdulla Sheikh, it has facilitated more than SAR 300 million in materials and is backed by Raed Ventures, Khwarizmi Ventures, Arbah Capital, STV and, since November 2025, SIDF Investment Company.