For many small and medium enterprises (SMEs) in Qatar, cash flow gaps are the single biggest challenge for growing businesses—and invoice financing has emerged globally as a solution. By turning unpaid invoices into immediate cash through financing partners, SMEs can bridge cash-flow gaps, keep their operations running, and focus on growth.
But why does this matter so much for SMEs in Qatar?
Because the demand for financing here is not just about speed—it's also about values and trust.
The Rise of Islamic Financing in Qatar
Qatar's financial sector has been experiencing a quiet but powerful shift. According to a recent report by the Qatar Financial Centre (QFC), Islamic finance has been growing at 6.8% CAGR between 2020 and 2024, while its conventional counterpart grew by 4.5%.
The numbers reflect this trend clearly: in 2023, Islamic financing accounted for 45.5% of the total approved SME credit in Qatar, according to data from Qatar Development Bank (QDB) and the Qatar Central Bank. Nearly half of SME lending already flows through Islamic structures—signaling both strong demand and untapped potential.
Clearly, this is not only because of the country's heritage and business culture, but also due to the values of fairness, transparency, and risk-sharing that underpin Shariah-compliant finance. These principles resonate strongly with SME owners, many of whom want their financing choices to align with their beliefs.
Why a Platform Like Madad is Needed
The challenge, however, is access. SME owners – including entrepreneurs who specifically prefer Shariah-compliant financing – struggle with access to capital, often resorting to their own savings to finance their businesses.
This is where Madad comes in.
Madad is Qatar's first digital marketplace for SME financing, with the goal of connecting SMEs with multiple financing options, specifically Shariah-compliant solutions. Through one simple application, SMEs can upload their invoices and receive offers from partner banks that meet their needs.
For SMEs, this means no more guesswork, no more waiting in the dark, and no compromises between speed and values.
A Step Toward Financial Inclusion
Empowering SMEs through inclusive finance is now a necessity. By making Shariah-compliant financing accessible and practical, Madad helps SMEs strengthen their foundations, scale with confidence, and contribute to Qatar's National Vision 2030. And with nearly half of SME credit already flowing into Islamic finance, the need for platforms like Madad has never been clearer.
Start your invoice financing journey by registering here.