MEDIA CENTER

Shukr Investments issues global equity fund

Shukr Investments issues global equity fund

November 2020 | UAE

Shukr Investments—an ADGM based investment manager who has received an In Principle Approval from the Financial Services Regulatory Authority—today announced that it has signed with Shariyah Review Bureau to setup its Sharia Supervisory Board and supervise its global public equity fund activities. Founded in 2013, Shukr Investments has a presence in Abu Dhabi and the […]

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Al Sagr drives growth with Sharia compliance

Al Sagr drives growth with Sharia compliance

November 2020 | Saudi Arabia

With a 38 years track record in the Kingdom of Saudi Arabia and with branches in Riyadh, Jeddah and Dammam, Al Sagr’s ambitious goal continues to cater to customers in the Kingdom and beyond. As one of the leading insurance player in the industry, Al Sagr is committed to applying faith based values so as […]

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Tezos Blockchain receives Sharia Certification

Tezos Blockchain receives Sharia Certification

October 2020 | UAE

Tezos Gulf was established to foster ecosystem development in the Gulf Cooperation Council (GCC) for the Tezos network, an open-source public blockchain for assets and applications. In accordance with that mission, Tezos Gulf has announced the assignment of Shariyah Review Bureau (SRB) as its Sharia Advisor. Shariyah Review Bureau has reviewed the Tezos blockchain’s governance mechanism, Proof-of-Stake […]

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Launching Sharia Equity Portfolios

Launching Sharia Equity Portfolios

September 2020 | USA

Sands Capital Management today announced the launch of a global growth equity strategy that enables institutional investors to allocate capital to a concentrated portfolio of leading growth businesses that comply with Sharia principles. The strategy is offered through segregated accounts that can be customized to a client’s needs. A U.S. based investment management firm focused […]

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Saudi Re receives Sharia certification from SRB

Saudi Re receives Sharia certification from SRB

September 2020 | Saudi Arabia

Saudi Reinsurance Company “Saudi Re”, the sole reinsurance company in the Kingdom of Saudi Arabia, announced receiving the Sharia certificate for its offerings from Shariyah Review Bureau “SRB”. With a solid financial base of total assets SAR 2.9 billion and an A3 rating by Moody’s, Saudi Re’s is eyeing opportunities to strengthen its presence in […]

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Flexxpay Secures Sharia Certification

Flexxpay Secures Sharia Certification

July 2020 | Saudi Arabia

FlexxPay, a cloud-based technology solution enabling employees to access their ‘earned income’ whenever needed, receives a Sharia Compliance certification for its platform from Shariyah Review Bureau. The platform has the convenience to be accessed through a mobile app, or web. Employers benefit from no integration hassle and no changes to the payroll cycle or any risk […]

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Wahed Invest assigns SRB as their Shariah advisor

Wahed Invest assigns SRB as their Shariah advisor

January 2020 | United Kingdom

Wahed Invest, a global provider of Halal investments, today announced the assignment of Shariyah Review Bureau to manage its Sharia compliance affairs from client agreements to investment universe, including Islamic ETFs and virtual advisory terms.  The announcement was made after a series of strategic positioning that Wahed has made to tap Islamic investors globally. Wahed […]

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