Taqeem is a risk assessment system for SMEs (Small and Medium Enterprises) by SIMAH. The system allows members to evaluate the risk of small and medium firms' and generates a risk scores to kame sound future decisions. Taqeem takes into account sectors’ data, SME financials, management and other non-financial aspects.
Launched in 2011, Taqeem serves to create a higher level of credit transparency in the local business arena by sharing information on payment behavior, associated with trade credit and credit facilities of borrowers. Members can have more relevant and updated information for their use in their risk management process and, in turn, are able to make sensible business decisions and manage their credit risk better. Moreover, Taqeem also plays the role of helping SMEs to perform self-evaluation and gauge their own credit standings.