Full-Time
Regulatory Reporting Officer
Posted on 9/30/2025
Tamara
1,001-5,000 employees
Sharia-compliant BNPL for consumers and merchants
No salary listed
Dubai - United Arab Emirates
In Person
 Legal & Compliance (1) |
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- More than three years of experience in financial or regulatory reporting and tax compliance, preferably in a fintech, bank, or Big Four environment.
- Foundational technical knowledge of International Financial Reporting Standards, local generally accepted accounting principles, and tax regulations including corporate income tax, value added tax, and withholding tax.
- Proficient in Microsoft Excel; experience with enterprise resource planning systems is preferred (Oracle NetSuite is a plus).
- Fluent in English and Arabic, both written and verbal, with effective communication skills.
- Assist in the preparation and filing of regulatory reporting for Tamara in compliance with IFRS and local GAAP requirements.
- Support the timely submission and adherence to regulatory reporting requirements in close collaboration with the compliance team.
- Help prepare and submit prudential financial reporting to regulatory bodies.
- Support corporate tax, value added tax, and withholding tax compliance, including accurate calculation, filing, and payment within regulatory deadlines.
- Assist with calculating and recording monthly and year-end tax provisions.
- Assist in availing benefits under double tax treaties.
- Ensure compliance with electronic invoicing regulations.
- Contribute to continuous improvements in statutory reporting and tax compliance processes, supporting internal controls and operational efficiency.
- Identify opportunities for process improvement in regulatory reporting and suggest streamlined solutions.
- Assist in managing relationships with external tax advisors, auditors, and government authorities, including relevant authorities.
- Collaborate with internal departments such as Legal and Compliance to support compliance initiatives.
- Experience with enterprise resource planning systems, particularly Oracle NetSuite, is preferred.
- Pursuing certified public accountant, association of chartered certified accountants, or equivalent certification is highly preferred.
Tamara provides a buy now, pay later (BNPL) service tailored for the Middle East. It partners with merchants to offer consumers flexible payment options in Saudi Arabia, the United Arab Emirates, and Kuwait, with a Sharia-compliant framework. The product works by Tamara paying the merchant the full purchase amount upfront (minus a small merchant fee), while the consumer repays Tamara in installments over time, without late fees for delays. This model shifts payment risk to Tamara and aims to increase merchant sales while giving shoppers financial flexibility. Tamara differentiates itself from competitors through its focus on Islamic-law compliance and regional specialization, offering a merchant-centric, risk-bearing finance solution that fits local consumer expectations. Its goal is to become the leading BNPL provider in the Middle East, driving e-commerce growth by offering affordable, accessible, and compliant payment options for both shoppers and merchants.
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$2.4B
Headquarters
Riyadh, Saudi Arabia
Founded
2020
Simplify's Take
What believers are saying
- $2.4B Shariah-compliant facility from Goldman Sachs and Citi boosts lending to 20M customers.
- UAE Central Bank license enables expansion aligning with UAE Vision 2031 goals.
- Saudia partnership on September 24, 2025, extends BNPL to 24-month flight installments.
What critics are saying
- Tabby undercuts Tamara's merchant fees with $589M funding in Saudi Arabia and UAE.
- $2.4B facility triggers covenant breaches if 8-12% BNPL delinquencies spike in 18 months.
- Amazon integration commoditizes BNPL, forcing Tamara into unprofitable price war within 18 months.
What makes Tamara unique
- Tamara offers Shariah-compliant BNPL services distinguishing it from rivals like Tabby.
- Tamara holds SAMA indirect lending license as first Saudi firm post-regulatory sandbox.
- Tamara builds financial super-app with credit engine beyond pure BNPL specialization.
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Benefits
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↑ 0%2 year growth
↑ 0%PAPITA.co introduces Buy Now Pay Later (BNPL) payment facility for UAE and Saudi Arabia customers. PAPITA.co has partnered with Tabby and Tamara to let customers split the payment into easy instalments for a more convenient purchase experience. Consumers expect payments to be as seamless as the rest of their digital experience. With its BNPL offering, Abu Dhabi Reporter give them the flexibility to complete their shopping without unnecessary friction." - Tarun K Balani DUBAI, UNITED ARAB EMIRATES, March 23, 2026 / EINPresswire.com / - PAPITA.co, a Dubai-based consumer electronics retailer, continues to strengthen its payment experience for customers in the UAE and Saudi Arabia with its Buy Now, Pay Later (BNPL) facility. The company has partnered with leading BNPL service providers, Tabby and Tamara, which allow customers to split the payment into 4 flexible and easy interest-free instalments. This way, customers can easily buy tablets, like the Apple iPad, online with greater convenience and financial ease. The BNPL market in the UAE is witnessing steady growth, valued at $4.25 billion in 2025 and expected to reach $11.49 billion by 2031. This reflects a CAGR of 18.03% as the adoption of flexible payment solutions accelerates. This growth can be attributed to a range of factors, including widespread adoption of eCommerce usage, a youthful digital-native population, and a regulatory environment that balances innovation with trust. This momentum is further supported by the growing comfort that consumers find in BNPL models. Rather than committing to a full upfront cost, it enables them to split the payment into manageable instalments for a short period of time. This looks more appealing than EMIs because the interest is usually calculated on principal, tenure, and prevailing rates. However, some EMI plans might offer 0% interest rate, but the longer repayment tenures can still feel restrictive. Also, EMIs are availed from credit/debit cards, and are therefore subject to the cardholder's eligibility, including available credit limit, bank approvals, and existing financial profile. However, in the case of BNPL, the purchase is almost instantly approved at the time of checkout. The ease of approval and short-term payment period are what make BNPL popular among consumers, especially Gen Zs. Around 50% of Gen Zs prefer digital payments, and BNPL has emerged as their preferred payment method for discretionary and daily shopping. This trend is particularly prevalent in the consumer electronics market, which accounted for over 32% of the UAE's BNPL market in 2025. With higher purchase value and frequent upgrade cycles, products like smartphones, tablets, and laptops are well-suited to shorter repayment models. Speaking on the growing adoption of BNPL, Tarun K Balani, Founder and CEO of PAPITA.co, said: "BNPL allows customers to complete transactions with greater ease and clarity, which ultimately builds more confidence at checkout. It's all about simplifying the entire purchase experience." The BNPL payment option is available at PAPITA.co e-commerce store and even at their retail store in Deira, Dubai. Customers can choose between Tabby and Tamara and flexible instalment plans and enjoy immediate access to their preferred electronics, whether buying a PlayStation online or offline. Goraav Tarun Balani PAPITA.co +971 58 808 0250 email Abu Dhabi Reporter here Visit Abu Dhabi Reporter on social media: LinkedIn Instagram Facebook YouTube Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. Abu Dhabi Reporter do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Shop now, pay later with Tamara: luxury made more accessible. At Carats Atelier, Carats believe fine jewelry should be a joy to own... not a compromise. That's why Carats has partnered with Tamara to make your shopping experience even more flexible and stress-free. Whether you're celebrating a milestone, investing in a timeless piece, or gifting someone special, you can now shop your favorite Carats designs and pay in easy installments. What is Tamara? Tamara is a trusted payment partner that allows you to split your purchase into multiple interest-free payments. It's quick, transparent, and secure, giving you the freedom to enjoy your jewelry right away while managing your budget effortlessly. How it works. * Select Your Jewelry Piece Choose from its fine jewelry collections or create a bespoke piece tailored to your vision. * Choose Tamara at Checkout At checkout, select Tamara as your payment method. You'll be redirected to complete a simple verification process. * Pay in Installments Your total will be divided into three or four easy payments, depending on your choice. The first installment is paid at checkout, and the rest are automatically deducted on schedule. No hidden fees or surprises. Why customers love Tamara. * Interest-Free Payments: Pay the same total amount, just spread over time. * Instant Approval: Quick verification with no lengthy applications. * Peace of Mind: Enjoy your jewelry today without the financial strain. * Flexibility for Every Purchase: Available on both ready-made and bespoke pieces. Available across all payment channels. You can use Tamara whether you're ordering directly on its website, placing your order via WhatsApp, or completing your purchase over the phone with its team. Indulge today, pay later. Your dream piece doesn't have to wait. With Tamara, owning fine jewelry is now more effortless and attainable than ever. Explore its collections, fall in love with your perfect piece, and let Tamara take care of the rest.
Saudi startups attracted record funding in the first nine months of 2025, intensifying speculation about mergers and IPOs
Saudi fintech Tamara gains UAE Central Bank approval to boost Gulf expansion. Saudi Arabia's first homegrown fintech unicorn, Tamara, has received a restricted finance licence from the Central Bank of the United Arab Emirates (CBUAE), the company announced on Monday. With the restricted finance licence, Tamara can now expand its operations in the UAE while contributing to the country's Vision 2031 economic diversification goals. "This milestone fundamentally strengthens our entire operation in the UAE and serves as the catalyst for our ambitious future here," said Yamen Fakhreddine, CEO of Tamara UAE. "The path is now clear to achieve our mission to help people own their dreams by building the most customer-centric financial super-app in the world." Tamara said it aims to build new products and partnerships that enhance customer and merchant confidence, including expanded credit and payment offerings. The announcement comes a month after Tamara secured a Shari'ah-compliant, asset-backed facility of up to $2.4 billion from Goldman Sachs, Citi, and Apollo funds. The deal, one of the largest of its kind in the region, was designed to fund the company's expansion of credit and payment services. Earlier in September, Tamara also announced a partnership with national carrier Saudia to offer flexible instalment plans of up to 24 months on flight bookings, extending its buy-now-pay-later (BNPL) model beyond retail into travel. Tamara, backed by Sanabil Investments - a wholly owned company by Saudi Arabia's Public Investment Fund (PIF) - serves more than 20 million customers and partners with major global and regional brands including Apple, SHEIN, IKEA, and Amazon. The fintech, headquartered in Riyadh, aims to expand its role in the Gulf's digital finance sector as Saudi Arabia and the UAE push ahead with broader economic diversification plans under their national visions.
Tamara obtains Central Bank of the UAE approval. Tamara has officially received a restricted finance licence from the Central Bank of the UAE (CBUAE). As a leading Fintech platform in the UAE, Tamara has cemented its position as a trusted financial partner. Achieving full regulatory status is a significant milestone that directly enables Tamara to contribute to the goals of the UAE Vision 2031, thereby reinforcing its commitment to building a more advanced and reliable financial ecosystem in the Emirates. "This milestone fundamentally strengthens our entire operation in the UAE and serves as the catalyst for our ambitious future here," said Yamen Fakhreddine, CEO of Tamara UAE. "The path is now clear to achieve our mission to help people own their dreams by building the most customer-centric financial super-app in the world." Driven by its mission, Tamara is focused on building products and partnerships that give its customers and merchants the power to deal with ease and confidence. This effort supports the company's product diversification, which includes new credit and payment offerings.