MEDIA CENTER

CoinMENA captures Islamic digital assets

CoinMENA captures Islamic digital assets

December 2019 | Bahrain

Bahrain based CoinMENA has announced that it has appointed Shariyah Review Bureau (“SRB”) as an outsourcing facility to manage and supervise the Sharia certification and Sharia audit services for its digital asset platform. CoinMENA was created to help investors at both the retail and institutional level identify business opportunities for digital assets like Bitcoin, Ethereum […]

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Malath to capture greater efficiencies

Malath to capture greater efficiencies

November 2019 | Saudi Arabia

Malath Insurance, Saudia’s leading insurance company, announced today the assignment of Shariyah Review Bureau (SRB) a leading Sharia Advisory firm focused on Sharia Boards, certification and Sharia audit services, to help maintain and supervise Sharia compliance of its products, operations and investments. Malath offers comprehensive solutions covering classes of insurances like property, engineering, construction, health […]

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Algorand Announces Sharia Certification

Algorand Announces Sharia Certification

October 2019 | Singapore

The Algorand Foundation, the organization that oversees the Algorand blockchain platform delivering speed and scalability for frictionless finance, today announced that the network is certified for Sharia compliant financing. The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the public, permissionless, and open source Algorand blockchain to create an […]

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Al Etihad delivers high impact products

Al Etihad delivers high impact products

September 2019 | Saudi Arabia

One of Saudi Arabia’s largest insurance company, Al-Etihad Cooperative Insurance Company (Al Etihad), with a paid-up capital of SAR 400 million, announced the assignment of Shariyah Review Bureau, which provides an array of Sharia certification and Sharia audit services to the insurance, banking asset management industries. The new assignment enables Al Etihad to focus its […]

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Saudi P2P firm assigns Sharia Advisor

Saudi P2P firm assigns Sharia Advisor

August 2019 | Saudi Arabia

Raqamyah, the Kingdom’s Peer to Peer funding platform, announced the assignment of Shariyah Review Bureau, to manage the Sharia compliance affairs of its crowd-funding technology. Ammar Bakheet, Founding Partner and Chief Executive Officer of Raqamyah, said, “It is high-time for the  Kingdom’s financial sector to explore opportunities offered by fin-tech firms to serve the SME’s […]

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Lendo integrates Sharia supervisory services

Lendo integrates Sharia supervisory services

July 2019 | Saudi Arabia

Saudia-based Lendo which is seeking to provide peer to peer financing in compliance to Shariah today announced that it has engaged Shariyah Review Bureau (“SRB”) to help support its Shariah supervisory function by overseeing its offerings, crowdfunding structures and operations. Lendo committed to operating with the highest degree of commitment to Sharia compliance and engaging […]

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EIT to digitalize global real estate opportunities

EIT to digitalize global real estate opportunities

June 2019 | Liechtenstein

Elite Icon Trust (EIT) to digitalize global real estate opportunities with Sharia compliance in AIFC. Liechtenstein based company Elite Icon Trust is seeking to pioneer a Sharia-compliant Global Real Estate Digitalization program.

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Extra to deliver new Financing Products

Extra to deliver new Financing Products

June 2019 | Saudi Arabia

United Electronics Company (“Extra”) is Saudi’s largest consumer electronics retail firm and its wholly-owned consumer finance unit – United Company For Financial Services (Tas’heel Finance) was licensed by the Saudi Arabian Monetary Authority (SAMA) to provide consumer finance services in the Kingdom. Tas’heel Finance today announced Shariyah Review Bureau (“SRB”) as its Sharia Advisor to […]

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SAICO to increase Sharia Compliant Offerings

SAICO to increase Sharia Compliant Offerings

May 2019 | Saudi Arabia

A leading insurance provider, Saudi Arabian Insurance Company (SAICO), today signed the Sharia advisory agreement with Shariyah Review Bureau to strengthen and grow its core insurance business in light of Sharia principles. The arrangement is targeted at certifying and maintaining  products, investments and insurance growth opportunities in compliance to Sharia in the year 2019 and beyond. […]

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MedGulf to enhance its transformational strategy

MedGulf to enhance its transformational strategy

May 2019 | Saudi Arabia

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) today announced a multi-year agreement with Shariyah Review Bureau (SRB) for its Sharia audit services as part of its Sharia compliant transformation strategy. Under the agreement, SRB will review and audit MeGulf’s cooperative Health, Motor, Property and other insurance and reinsurance products along with its […]

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Ebdaa to introduce new Microfinance Products

Ebdaa to introduce new Microfinance Products

April 2019 | Bahrain

Ebdaa Bank for Microfinance; a microfinance institution licensed by the Central Bank of Bahrain to provide Credit opportunities to Limited-income people and Micro-Business owners, today announced that it has signed with Shariyah Review Bureau to setup the Sharia Supervisory Board, certify and supervise its upcoming Sharia compliant Products, and provide on-going advice and support to […]

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Mauritius Fund to grow with Sharia compliance

Mauritius Fund to grow with Sharia compliance

February 2019 | Mauritius

Skybound Capital, a global wealth management business, is in the process of launching a Sharia-compliant trade finance Fund and has assigned Shariyah Review Bureau (SRB) as the Sharia Advisor for its Islamic Trade Finance Fund. The agreement will see SRB provide technical Sharia consultation, certification and operation monitoring through Sharia audit. The new Fund is […]

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Cryptocurrency exchange goes Shari’a compliant

Cryptocurrency exchange goes Shari’a compliant

January 2019 | Bahrain

Rain is a cryptocurrency exchange that is now Shari’a compliant (certified by Shariyah Review Bureau) Middle East focused exchange Rain has been operating within the regulatory sandbox of the Central Bank of Bahrain (CBB) since December 2017 The company is targeting a 2019 launch rain.bh   Rain, a Bahrain based cryptocurrency exchange operating out of the […]

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PermianChain to digitalize oil reserves

PermianChain to digitalize oil reserves

January 2019 | Dubai

Dubai: Permian Holding announced today that it has received Sharia Certification from the Shariyah Review Bureau (SRB), the Bahrain-based global Sharia certification and audit services specialist. Permian Holding is set to monetize oil assets via PermianChain Technologies, its blockchain-based start-up and the move to ensure Sharia compliance means that it will be able to broaden […]

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Wethaq launches Digital Sukuk Platform

Wethaq launches Digital Sukuk Platform

January 2019 | Dubai

Wethaq, a multinational automated Sukuk Platform, today announced that it has signed an agreement with Shariyah Review Bureau to help ensure all the digitized activities of its Sukuk Al Ijara targeted offers are in compliance with Sharia. Wethaq has been working with lawyers trying to successfully demonstrate its PaaS (platform-as-a-service) flexibility and its strong multi-source […]

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