Company Information

Get to know 7asaleh.com

7asaleh is a financial technology company that has digitized the traditional Middle Eastern concept of a Rotating Savings and Credit Association (ROSCA), or "Jam'iyah". The platform allows users to easily create or join private or public savings circles with friends, family, or colleagues. It automates the process of collecting monthly contributions and disbursing the lump-sum payout to a different member each month, providing a secure, transparent, and organized alternative to the informal cash-based system. The company operates under the supervision of the Saudi Central Bank (SAMA) within its Regulatory Sandbox, aiming to modernize and formalize this popular community savings method.

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Financial Electronic PaymentPRIMARY
Financial Other Service

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7asaleh.com

Jordan

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.