Private
Credit

Shariah‑compliant, short‑duration Murabaha that supports essential trade and innovation in Saudi Arabia and select global markets.

We structure for cash security and rapid capital recycling.

What We Do

Tailored Private Credit across the liquidity and risk spectrum, with pledged accounts, collection control, and data‑led covenants to protect cash.

Local Roots, Global Flow

Riyadh‑based origination with disciplined execution across select international routes. Repeat programs with corporates and specialist trade partners create steady, high‑quality flow.

Complete Toolkit, Tight Control

Short‑duration Murabaha tailored across the liquidity and risk spectrum. Pledged accounts, collection control, and data-led covenants provide clear visibility on cash.

Specialist Discipline

Operator‑led underwriting, Investment Committee oversight, and independent Shariah supervision. Tech‑enabled monitoring and fast recycling convert repayments into repeatable income.

Local Roots, Global Flow

Riyadh‑based origination with disciplined execution across select international routes. Repeat programs with corporates and specialist trade partners create steady, high‑quality flow.

Complete Toolkit, Tight Control

Short‑duration Murabaha tailored across the liquidity and risk spectrum. Pledged accounts, collection control, and data-led covenants provide clear visibility on cash.

Specialist Discipline

Operator‑led underwriting, Investment Committee oversight, and independent Shariah supervision. Tech‑enabled monitoring and fast recycling convert repayments into repeatable income.

Our Active Fund

Private Money Market Fund

Merak Private Murabaha Fund
(MPMF)

Open‑ended, Shariah‑compliant private money market fund executing short‑duration Murabaha for operating businesses and trade flows.

Optimized for short‑cycle execution, strong covenants, and disciplined downside protection.

Highlights: 


Currency
SAR
domicile
KSA (CMA‑Regulated) 

Subscriptions
Quarterly
redemptions
Semi‑annual

Our Key Pillars

Cash-First Structures

We prioritize collection control, pledged accounts, and clear waterfalls. Designing each facility to convert earnings into cash reliably.

Discipline and Oversight

Investment Committee approval, structured legal/compliance checks, and independent Shariah supervision keep process and governance tight.

Speed and Recycling

Short tenors, frequent repayments, and active redeployment drive high turnover and broad exposure across counterparties.

“Private credit at Merak is built for resilience. We focus on essential businesses with real cash flows, structure downside protection into every deal, and align our interests with both investors and counterparties so that everyone wins when the underlying business is stronger and more durable.”

Abdullah Altamami


Founder, Managing Partner, & CEO