Drahim
Looking for a financial app that answers all your money questions? Wondering where your money goes and how to improve your financial situation? 2030 the fay and rahaf bring you a comprehensive report on the 'Drahem' application.
Drahim is a leading digital platform for personal finance management and planning. It simplifies your financial life by helping you track expenses, set budgets, and make informed financial decisions.
Darham was founded in 2021 by SultanKme and Yasser Al-Sharieh, with a license from the Saudi Central Bank (SAMA) and the Capital Market Authority (CMA) to provide automated investment advisory services. The company is also one of the fastest-growing fintech companies.
The application provides a comprehensive suite of services designed to assist individuals in managing their finances and achieving their financial goals in an organized and secure manner. The app focuses on streamlining daily financial transactions and improving spending and saving decisions.
1-Bank Account Linking: Users can link their bank accounts to the application to monitor all financial transactions in one place. This facilitates fund transfers between accounts and allows for real-time tracking of financial flows.
2. Expense Tracking: Easily and quickly log daily and monthly income and expenses. Categorize spending into categories like transportation, food, bills, entertainment, and more. Plus, get visual graphs to track financial performance and monitor spending.
3.Easy Bill Payments: Offers one-click payments for monthly bills such as electricity, water, and internet, saving you time and effort.
4. Automatic Financial Analysis: The app provides financial reports that compare expenses to income and offers visual analytics to simplify data interpretation and enable informed decision-making.
Investing: Providing investment tools for users who wish to grow their funds in a safe and organized manner
Invest your money in a diversified portfolio of Shari'a-compliant assets, such as:
● Stocks
● Real estate
● Sukuk
-Offering returns of up to 14%.
The biggest advantage is that you are not restricted to a specific asset type; you can distribute assets in each portfolio according to your preference.
Darahem: Your Smart Choice for Savings and Investment
With new portfolios and a reduced management fee of just 0.25% (the lowest in the market), Darahem is the ideal platform for growing your wealth.
We've introduced two new portfolios:
● Active Portfolio: Invest exclusively in Saudi Arabian stocks through Al Rajhi funds, targeting a potential return of 17%.
● Savings Portfolio: Invest in money market funds aiming for a 6% return.
It's worth noting that Al Rajhi Bank has acquired a 65% stake in the 'Drahem' application. Through this acquisition, Al Rajhi Bank aims to adopt the latest technologies and regulations to strengthen its leadership in the financial sector. This acquisition marks a first-of-its-kind in the region, as it is the first time a Saudi bank has acquired a majority stake in a Saudi fintech startup
In conclusion, Drahem is a comprehensive application designed to facilitate personal financial management, thereby fostering financial literacy and enabling users to make well-informed financial decisions.