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HomeHow Circlys Works?FAQsAbout Circlys
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Circles: committees (ROSCA or Jemya) without the hassle!

Circlys is an innovative alternative to traditional monthly financial committees
(ROSCA or Jameya) or as we called them Circle, it is digitized and guaranteed
platform that helps you participate in grouped achieve your goals with ease and
peace of mind






CIRCLYS HELPS YOU ACHIEVE YOUR GOALS WHICH COULD BE:

Previous

Buying a House

Paying Rent

Buying a Car

Marriage

Paying Off Debts

Trip

Saving

Event

Investing

Buying a House

Paying Rent

Buying a Car

Marriage

Paying Off Debts

Trip

Saving

Event

Investing

Buying a House

Paying Rent

Buying a Car

Marriage

Paying Off Debts

Trip

Saving

Event
Next


TRUST CIRCLYS, YOUR SAVINGS IS IN SAFE HANDS

PERMITTED BY SANDBOX WITHIN THE CENTRAL BANK OF SAUDI ARABIA

Circlys is a brand name owned solely by the Savings Circles Company and it's is
authorized by the Central Bank of Saudi Arabia (SAMA) to test its innovative
products in the legislative experimental environment.

View statement

SHARIA COMPLIANT

Circlys application is compatible and compliant with Islamic Sharia, and has
been reviewed and approved by the Sharia consultant to ensure its compatibility
with Islamic Sharia principles.

View the Sharia study


HOW CIRCLYS WORKS?


1

Download the application, and log in through authentication with NAFATH

First user authentication and identity and data verification is happening with
NAFATH APP.


2

Verify your information and book your circles

Second check your income in the profile and add your bank account which will
allow you to choose your suitble installments that suits your budget,
commitement duration and your payout month. After booking, your reservation will
be reviewed by the Risk Department.

After booking, your booking will be reviewed by the Risk Department.

Reviewing a bookings takes a maximum of 7 working days


3

Pay your monthly share and receive your funds

After approval, installments must be paid manually or automatic payment feature
is activated. at your payout month your receipt get ready to collect as we
expected it is transffred with a maximum of 3 working days after your salary
date to your bank account used in the application.

Application features
Circlys Added value
Why? Circlys
Precision
Accuracy of delivery.
Flexibility
Tailored to your needs: Starts from 500 SAR installments - Up 12 months
committments - All months to select from when we open.
Protection
Members having issues? nothing to worry about.
Security
Even if everyone stopped paying we got you covered.
Eligibility
All members are Verified and checked.
Analysis
Dig down on your wealth easily.

Savings Circles Company is a Saudi closed joint stock company with headquartered
in Riyadh with a capital of 13,251,340 Saudi riyals. It works in financial
technology. It was established in 2018 and is the owner of the Circlys
trademark. It obtained approval from SANDBOX with SAMA

Circlys is works with

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1.2+ billion SAR
Amounts Saved to date
8+ million SAR
Total investments injected
2+ million
Beneficiary of the application

FAQs
Bookings
Payments
Financial Rewards
Other

HOW MUCH ARE THE BOOKING FEES?

MY BOOKING HAS BEEN ACCEPTED WHEN WILL I RECEIVE THE CIRCLE?

WHAT ARE THE CONDITIONS FOR JOINING?

WHAT IS CIRCLYS?

MY ACCOUNT HAS BEEN BLOCKED, WHAT SHALL I DO?

WHY DO FEES VARY FROM A ROUND TO ROUND AND THEY ARE SOMETIMES CONSIDERED
EXPENSIVE?

DO YOU HAVE ANOTHER QUESTION OR INQUIRY?


Contact Us
Download Circlys app, and achieve your goals!



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Circlys Company is authorized by the Saudi Central Bank to test its innovative
products in the sandbox environment for more.
Circlys is a financial (FINTECH) technology platform in the financial services
sector, officially registered in the Kingdom of Saudi Arabia under the name
"Saving Circles" Company (Closed Joint Stock Mixed Company) with a fully paid-up
capital of SAR 13,251,340 and registered in the commercial register in Riyadh
with number (1010449641) and date 01/09/1439 AH. It operates under the category
of Digital savings associations, which regulates monthly savings associations
among individuals, where each individual pays a monthly share with a group of
individuals and receives the total monthly proceeds. These financial
transactions are high-risk, and therefore the company takes all necessary legal
measures to reduce these risks. The company also takes necessary actions against
anyone suspected of sabotage or suspicious activities. All subscribers who wish
to save their money must exercise accuracy in their transactions and inputs
through the Circles platform, exercise caution, understand the risks of
non-compliance with monthly performance, and ensure every step they take.
Circlys platform provides opportunities for regular savings and announces them
through various channels. Note that all subscribers' applications are either
accepted, rejected, or updated based on a reports from the risk department,
which examines information from multiple official sources. The platform does not
aim to disclose individuals' information to the public or shares it unless
authorities requested offically with causes. The company takes strict measures
against individuals whose financial risks become evident. All registered
individuals are fully responsible for their financial transactions, management,
and development of funds, and the use of funds they receive from circles, as
well as compliance with the platform's terms and conditions.

Copyrights reserved to Savings Circlys Company © 2017-2024