Annual Report
Impact and Performance
September 2023 to November 2024
Key Numbers that Define 2024
"Over the past year, Mamun has solidified its position as a trailblazer in the realm of alternative finance, redefining how businesses and investors connect through innovative Sharia-compliant solutions. At Mamun, our mission is clear: to bridge the financing gap for businesses in need of financing while empowering investors with dynamic, risk-mitigated private credit opportunities. By seamlessly integrating technology, ethical finance, and a steadfast commitment to our community, we continue to transform challenges into opportunities and unlock untapped potential in the financial ecosystem."Saleh Al-Tamami Mamun CEO
Financed
Investments
Supported
Businesses
Growing network of
Individual investors
Investors from
Nationalities
What We Do
Mamun is a Sharia-compliant alternative financing platform, bridging the gap between businesses engaged in global trade and a diverse network of investors.
By offering ethical, short-term financial solutions, Mamun empowers businesses to navigate the complexities of trade financing while enabling investors to participate in dynamic, risk-mitigated opportunities.
Focus
Trade Finance
Supporting businesses with financing solutions for trading activities.Embedded Finance
Seamless integration of short term financing via non-lending platforms.Executive Summary
Total Funds Financed
Over 5,000,000 USD in financing deployed, focusing on sharia compliant trade finance
Investor Returns
Achieved avg. gross xIRR of 23.39% with a feedback-led refinements in fee structures ensured competitive returns.
Growing Investor Base
Leveraged a global Omani license by the FInancial Services Authority to access an international base of retail and institutional investors.
Regional Focus
Strengthened presence in Oman and expanded reach into international markets including Abu Dhabi, Bahrain and Sri Lanka.
Milestones & Recognition
Winner
2024 Oman Islamic Banking Conference Best Startup Category
Regional Finalist
Visa Everywhere Initiative 2024
Winner
23/50 MENA Deloitte Rising Star 2024
Empowering Businesses & Communities
Vision 2024 Alignment
Actively contributing to the Visionâs pillars in economic diversification, people and society, towards achieving key sustainability goals.
Positive Economic Impact
Supported the growth of over 36 SMEs. Created and sustained more than 100 local jobs, and facilitated trade across 6 countries.
Propriety Tech
Technology that powers core operations, embedded finance applications, and an AI powered engine for risk assessment and automated investing.
At Mamun, we are committed to providing financing solutions that go beyond profit, fostering sustainable growth and creating enduring value for society.
Technology & Platform Development Roadmap
Upcoming 3 months Roadmap
Redesigned user interface to improve the user experience for investors and borrowers.
Automated Intelligent Allocation âAiAâ for automatic investment allocation based on risk, sector and ROI preferences.
Dedicated Business Accounts for both digital onboarding, scoring, and treasury investments.
Secondary Market for tradeable sharia compliant assets including Mudharabah and Wakalah bil Istithmar.
By 2024 end
34
New upcoming Features
Key metrics for 2023-2024
5,258,230
Total Amount Financed (USD)
1,780,320
Total Principal & Profits Distributed (USD)
23.39%
Average gross xIRR (Internal Rate of Return)
8 months
Average Investment Duration
10.35%
Average Gross Profit per Investment (non-annualized)
Growth
This section tracks our growth story since inception. All figures are cumulative. Q4 2024 are indicative and based on our traction and projections.
VALUE OF fINANCING IN USDRisk Management
Credit & Financial Assessment
Assessing creditworthiness through credit bureau reports and financial statement analysis.
Financial Ratio Analysis & Benchmarking
Analyze key financial ratios to assess performance and compare with industry benchmarks of publicly listed companiesâ sector performance
Security Analysis
Evaluate the strength of securities (payment instruments, Trade Credit Insurance) to reduce risk.
45+Data Points
Distribution of Mamun Trade financing by Country
Lifetime Credit Performance
The chart displays historic performance since inception
Status Definitions
Satisfactory is defined as loans that have been repaid no later than 29 days after the payment due date, or are currently outstanding and either current or late but no more than 29 days past due date. This is equivalent to âStage 1 performing assetsâ
Delayed is defined as loans that are repaid late between 30 - 89 days after the payment due date, or are outstanding and late between 30 - 89 days past due. This is equivalent to âStage 2 underperforming assetsâ
Lifetime Default is defined as loans that are repaid after 89 days past due date, or remain unpaid at the reporting date. We continue to pursue recovery on these and do not âwrite offâ the loans. This is equivalent to âStage 3 non-performing assetsâ
Portfolio Enhancement Roadmap
Smarter Risk Prediction:Â Leveraged AI and post performance data, combined with credit bureau and alternative data sources, to better predict risk.
Enhanced Protection: Securing an umbrella trade credit Insurance policy to mitigate the impact of defaults
De-risked Loan opportunities: Establishing partnerships with third-party providers, such as food aggregators and payment platforms, for more secure and de-risked lending
Business Concentration Profile
By Risk Band
This chart shows the distribution of our financing by our internal risk band. This is a summery of all financing originated in the past 14 months
By Sector
This chart shows the distribution of our financing by sector wise distribution. This is a summery of all financing originated in this past 14 months