Internship
Accountant Associate
Builders Program
Tamara
1,001-5,000 employees
Sharia-compliant BNPL for consumers and merchants
No salary listed
Dubai - United Arab Emirates
In Person
UAE residency required.
Bachelor's
 Accounting |
|---|
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- Internship or co-op training experience in accounting tasks such as month-end closing, financial reporting, and supporting daily operations
- Experience with month-end closing and financial reporting tasks
- Familiarity with accounting software like Oracle is preferred but not required
- Degree in Accounting or Finance
- Proficiency in Microsoft Office, particularly Excel and Word
- Basic understanding of accounting principles and financial reporting
- Detail-oriented and precise, with strong organizational skills
- Proactive and dependable, committed to delivering timely outputs
- Collaborative and adaptable, excelling in team-oriented environments
- Responsible for assisting the team during month-end closing
- Preparing reports as required in a timely and accurate manner
- Assisting the team with ad-hoc requirements such as audits
- Assisting in handling the financial operations of the company
- Assisting with implementing and maintaining internal financial controls and procedures
- Ensuring accuracy of data within the system
- Assisting the finance team with daily tasks
- Familiarity with accounting software like Oracle is preferred but not required
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
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Simplify's Take
What believers are saying
- Q1 2026 net profit rose 378% to SAR 123.4 million.
- Tamara secured a $2.4 billion Goldman Sachs, Citi, and Apollo facility in 2025.
- UAE Central Bank approval in October 2025 opens a larger GCC expansion path.
What critics are saying
- Q1 2026 expected credit losses hit SAR 166.9 million, pressuring loan economics.
- Islamic finance drove SAR 182.1 million of Q1 2026 revenue, concentrating earnings.
- SAMA or CBUAE can tighten lending rules in 2026, choking Tamara's credit growth.
What makes Tamara unique
- February 2025 SAMA license unlocked Sharia-compliant consumer finance beyond BNPL.
- Tamara serves 20 million customers across Saudi Arabia, UAE, and Kuwait.
- Visa named Tamara a founding partner for Money20/20 Middle East 2026.
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↓ -2%Money20/20 Middle East returns to Riyadh as global fintech leaders gather to shape the Future of finance. The three-day event in Saudi Arabia will be hosted by Financial Sector Development Program (FSDP), Saudi Central Bank (SAMA), Capital Market Authority (CMA) and Insurance Authority (IA) Get the hottest Fintech Middle East News once a month in your Inbox Money20/20 Middle East, the region's home for the global money ecosystem, will return to Riyadh from 14-16 September 2026, bringing together regulators, financial institutions, fintech innovators, investors and technology leaders. Hosted by the Financial Sector Development Program (FSDP), Saudi Central Bank (SAMA), Capital Market Authority (CMA) and Insurance Authority (IA), and co-organised by Tahaluf and Fintech Saudi, the 2026 edition has already announced an initial line-up of globally recognised speakers and confirmed support from leading organisations across the financial services ecosystem, setting the stage for another landmark edition in Riyadh. Money20/20 Middle East returns to Riyadh as Saudi Arabia continues to strengthen its position as one of the world's fastest-growing fintech markets. The 2026 edition is expected to welcome more than 38,000 attendees, alongside 350 exhibiting brands, 350+ speakers, 600+ investors and 150 startups. Bringing together regulators, financial institutions, fintech innovators, investors and technology leaders from around the world, the event will provide a platform to explore the trends, technologies, regulations and partnerships shaping the future of financial services, while reinforcing Riyadh's position as a global hub for fintech innovation. The 2026 edition will feature an initial line-up of globally recognised speakers, including Ryan Rugg, Global Head of Digital Assets TTS at Citi; Mostapha Tahiri, Chief Operating Officer at State Street; Tony Ashraf, Managing Director at BlackRock; Joy Adams, Chief Operating Officer, Digital Assets Transformation, Corporate Bank at Deutsche Bank; and Hosam Arab, Co-Founder and CEO of Tabby, with additional speakers to be announced in the lead-up to the event. Reflecting strong support from across the financial services ecosystem, Visa and Tamara have been confirmed as the Founding Partners for Money20/20 Middle East 2026, alongside Strategic Sponsors BARQ, ELM, Tiqmo and Arab National Bank. The event is further supported by Platinum Sponsors Foodics, Hakbah, Gulf International Bank, Safqah Capital and Al Rajhi Takaful, with additional partners and sponsors to be announced in the lead-up to the event. Taking place at the Riyadh Exhibition & Convention Centre in Malham, the 2026 edition will bring together global leaders to explore the trends redefining financial services across six key content pillars: The Future Financial Architecture, Trust by Design, Autonomous Finance, Empowered Finance, The Next Era of Payments, and The Future of Capital. Through keynote discussions, executive forums and closed-door leadership sessions, the event will bring together policymakers, financial institutions, investors and technology leaders to explore the opportunities shaping the next era of global finance. Across The Executive Summit, NextGen Money, The Bridge, The Capital Stage, The Boardroom, Off The Record and MoneyPot, industry leaders will exchange ideas and shape the future of global finance. Annabelle Mander, Executive Vice President at Tahaluf, added: "Money20/20 Middle East has redefined what a fintech event can achieve. This is where regulators, financial institutions, investors and innovators come together to build partnerships and shape the future of financial services. As fintech momentum continues to build, Riyadh has become a key meeting point for the global fintech community, creating the connections and conversations that will define the next chapter of finance." Registration for Money20/20 Middle East 2026 is now open. For more information, visit www.money2020middleeast.com.
Tamara and Tabby: The 'buy now, pay later' sector continues its shift to profitability in Saudi Arabia Results for the first quarter of 2026 reveal a divergent maturity phase among the leading 'buy now, pay later' companies, with Tamara jumping to exceptional profitability driven by its entry into Islamic finance, while Tabby maintains its measured growth amid rising structural cost pressures. Tamara and Tabby, the leading flexible payment platform operators in the Gulf region, posted combined profits of about 191.5 million Saudi riyals ($51.1 million) during the first quarter of 2026, indicating a fundamental transformation in the BNPL sector towards financial sustainability, albeit at two different paces. Tamara: Exceptional leap reshapes the landscape Tamara for Financial Solutions achieved a net profit of 123.4 million riyals ($32.9 million) in the first quarter of 2026, compared to 25.8 million riyals ($6.9 million) in the same period last year, a growth of 378% year-on-year. The bulk of this leap is attributed to the company's entry into Islamic finance activity, which contributed 182.1 million riyals ($48.6 million) during the quarter, compared to nothing in the comparable period, as the company only started this activity in the first half of 2025. Secondary support came from merchant network revenues, which rose to 421.1 million riyals ($112.3 million) from 178.9 million riyals ($47.7 million), while customer processing fees almost doubled to 52.1 million riyals ($13.9 million) from 27.3 million riyals ($7.3 million). Consequently, net finance and investment commission income increased by about 298% to 440.6 million riyals ($117.5 million). However, this rapid expansion directly impacted the cost structure; total operating costs jumped to 395.9 million riyals ($105.6 million) from 94.1 million riyals ($25.1 million), driven by an expected credit loss allowance of 166.9 million riyals ($44.5 million) compared to a reversal of 11.2 million riyals ($3.0 million) in the prior period - reflecting a 157% year-on-year growth in the financing portfolio. Processing and service costs also rose by 133% to 141.6 million riyals ($37.8 million), and financing costs increased by 96% to 87.3 million riyals ($23.3 million). Structurally, Tamara announced a notable shift in its balance sheet: after accumulated losses represented about 39% of capital at the end of the first quarter of 2025, the company moved to positive retained earnings of 91.2 million riyals ($24.3 million) by the end of March 2026. Concurrently, the book value per share rose from 7.34 riyals ($1.96) to 13.24 riyals ($3.53), a growth of nearly 80%, while shareholders' equity reached 681.7 million riyals ($181.8 million) compared to 377.8 million riyals ($100.7 million) a year earlier. Tamara remains unlisted on the stock market for now, but the company is considering an initial public offering (IPO), according to previous reports, a path similar to what is anticipated for its competitor Tabby. Tabby: Quiet growth and structural pressures In contrast, Tabby for Financial Solutions recorded a net profit of 68.1 million riyals ($18.2 million) in the first quarter of 2026, up from 65.2 million riyals ($17.4 million) in the same period of 2025, a growth rate of 4.4%. This modest growth stands out against the significant expansion in operating revenues; fee and commission income rose 33.6% to 426.7 million riyals ($113.8 million) from 319.4 million riyals ($85.2 million), and net finance and investment commission income specifically increased 36.9% to 193.5 million riyals ($51.6 million) from 141.3 million riyals ($37.7 million). Merchant network revenues also rose to 354.5 million riyals ($94.5 million) from 298.5 million riyals ($79.6 million), and customer fees soared to 68.1 million riyals ($18.2 million) from just 18.1 million riyals ($4.8 million). However, the expansion of internal operational base consumed a large portion of these gains; general and administrative expenses sharply increased to 68.2 million riyals ($18.2 million) from 24.8 million riyals ($6.6 million), due to absorbing information technology and customer support functions that were previously managed through related companies - though this process simultaneously reduced franchise fees paid to related companies from 26.4 million riyals ($7.0 million) to 24.6 million riyals ($6.6 million). Additionally, expected credit loss allowances rose to 47.9 million riyals ($12.8 million) from 18.4 million riyals ($4.9 million), following the growth in the financing portfolio, which reached a balance of 3.66 billion riyals ($976 million) at the end of March 2026 compared to 3.18 billion riyals ($848 million) at the end of 2025, while total gross receivables rose to 3.92 billion riyals ($1.05 billion). Tabby's results draw attention to a key note in the independent auditor's report: the company's net debt exceeded the maximum limit set by the Saudi Central Bank (SAMA) by 519.9 million riyals ($138.6 million), reaching 2.58 billion riyals ($688 million) compared to an approved ceiling of 2.06 billion riyals ($549.3 million). The company indicated it is in the process of obtaining approvals to raise this ceiling, without specifying a timeline. Tabby's shareholders'equity also rose to 708.1 million riyals ($188.8 million) from 498.6 million riyals ($133.0 million), and the book value per share to 23.6 riyals ($6.3) from 16.62 riyals ($4.4). Institutionally, Tabby for Financial Solutions is a wholly owned Saudi subsidiary of Tabby SPV Limited, registered in the UAE, which in turn is owned by Tabby Inc., registered in the Cayman Islands, heading towards a potential public offering on the Saudi stock market. Five key facts * Tamara achieved a net profit of 123.4 million riyals ($32.9 million) in the first quarter of 2026, a 378% annual increase, largely driven by Islamic finance income of 182.1 million riyals ($48.6 million) - an activity that did not exist in the comparable period. * Tabby recorded a net profit of 68.1 million riyals ($18.2 million), growing only 4.4%, despite a 36.9% rise in net finance and investment commission income, as rising structural costs ate up most of the gains. * Tamara moved from accumulated losses equivalent to 39% of capital (March 2025) to positive retained earnings of 91.2 million riyals ($24.3 million) (March 2026), with book value per share growing by nearly 80%. * Tabby's net debt exceeds SAMA's regulatory ceiling by 519.9 million riyals ($138.6 million), and the company is seeking approval to raise it with no announced timeline. * Tamara's financing portfolio grew by 157% annually, necessitating a large expected credit loss allowance of 166.9 million riyals ($44.5 million), compared to a reversal of 11.2 million riyals ($3.0 million) in the same period of 2025.
Africa and the Middle East's B2B buy now pay later market is expected to grow 33.5% annually to reach $4.4 billion in 2025, according to a new report. The sector is projected to maintain a compound annual growth rate of 21.6% through 2030, reaching $12.3 billion. The market is concentrated in Nigeria, Kenya and South Africa, with digital FMCG platforms serving as the primary distribution channel. In the Gulf, Saudi Arabia and UAE account for most volume, with consumer BNPL providers Tabby and Tamara pivoting towards B2B offerings. Agricultural B2B BNPL represents the highest-growth vertical for 2025–2028, enabled by satellite and IoT data for credit underwriting. Mobile money settlement in East Africa allows businesses without formal bank accounts to access credit, significantly expanding the addressable market.
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.