We're thrilled to announce our partnership with Wadaie. An official signing ceremony between Dr. Adnan Alkhiary, CEO and Founder of Eddekhar, and Abdullah Alandas, CEO of Wadaie, took place on September 5th on the sidelines of the 24 Fintech exhibition in Riyadh — the conference that has since evolved into what is now known as Money20/20 Middle East.
Why this partnership matters
Through this partnership, employees saving through Eddekhar gain access to Wadaie's platform, which connects depositors to Shariah-compliant time deposits across Saudi banks — without needing to open a separate account at each one. In practice, that means the money employees set aside automatically through Eddekhar can now also earn the most competitive returns available across the market, helping their savings grow faster and more efficiently.
About Wadaie
Wadaie was founded in 2022 by Abdullah Alandas, Rayan Altuwayjiri, and Abdulrahman Alhawas to make it easier for Saudis to find and access the best Shariah-compliant deposit rates, without the friction of managing accounts at multiple banks. The platform has grown quickly, backed by investors including RZM Investments, VentureSouq, Graphene Ventures, Arab National Bank, and Alinma Bank, and was named to Forbes Middle East's Fintech 50 for 2025.
What this means for our customers
Eddekhar already helps employees build savings automatically through payroll, without them having to think about it. This partnership adds another layer of value on top: those automated savings are now placed to earn stronger, Shariah-compliant returns, so employees don't have to shop around banks themselves to make sure their money is working as hard as it can. For employers, it's one more way Eddekhar strengthens the financial wellbeing benefit they offer their teams — turning a simple savings habit into a genuinely rewarding one.
Our thanks go to Abdullah Alandas and the Wadaie team for building a partnership that puts employees' savings first.
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