MEDIA CENTER
QuantDART to capture Islamic investment opportunities in digital assets with its Halal Investment Product
December 2021 | Kazakhstan
Kazakhstan-based QuantDART has appointed Shariyah Review Bureau (“SRB”) as its Sharia advisor to supervise its investment activities under the Halal Investment Product. The appetite for Islamic finance products and the support of the Kazakhstan government have continued to grow despite the recent global challenges. QuantDART created an investment product which helps faith-centered investors at both retail and institutional levels to […]
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Doconomy rolls out its climate impact solution Åland Index to Islamic financial markets
November 2021 | Sweden
Sweden based Doconomy today announced that it has deployed Shariyah Review Bureau’s services to power Sharia compliance to its Åland Index. As part of the agreement Shariyah Review Bureau has been assigned to certify, supervise, and audit the index in light of Sharia principles and rulings. The cloud-based index will allow the end users of […]
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Tanmeya Capital partners up with Shariyah Review Bureau
October 2021 | KSA
Tanmeya Capital (KSA), has assigned Shariyah Review Bureau (SRB) to supervise its Asset management operations and activities under private equity and real-estate investments and provide technical Shariah consultation, certification and Shariah audit for its Funds. A multi-disciplinary investment, Tanmeya Capital seeks to provide specialized investment strategies and structure the most challenging transactions for its investors. […]
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Aljabr Finance Corporation (KSA) engages with Shariyah Review Bureau to ensure Shariah Compliance
October 2021 | KSA
Aljabr Financing Corporation (AJFC), announced today, that it has appointed Shariyah Review Bureau to ensure and enhance services of shariah audit and compliance. Established in 2014, Aljabr Financing Corporation is licensed by Saudi Central Bank (SAMA), Mr. Mohammed Ibrahim Aljabr – Member of the Board of Directors of AJFC said “We are one of the pioneering Saudi companies specialized in providing productive […]
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Matager Finance assigns Shariah Review Bureau for Shariah Advisory & Compliance
September 2021 | KSA
Matager Finance Company, one of the leading financing companies operating in Kingdom of Saudi Arabia, today announced that it has finalized an engagement agreement with Shariyah Review Bureau to manage its Sharia compliance requirements. Matager specializes in individual and enterprises financing and has been serving the Kingdom since 1992 by providing financing and specialized products […]
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Tabby, a leading ‘Buy Now Pay Later’ solution provider secures Sharia approval
September 2021 | KSA
Tabby, one of the leading Buy Now Pay Later provider in the region signs up with Shariyah Review Bureau to ensure its payment solutions offered in the Kingdom of Saudi Arabia are congruent to the principles of Shariah. Tabby’s deferred payments solution which is offered to online and offline stores and merchants in Saudi Arabia […]
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Introspect Capital Appoints Shariyah Review Bureau
August 2021 | UAE
DIFC (Dubai) based Introspect Capital has received approval from the DFSA to conduct Financial Services through an Islamic Window. Introspect Capital has also launched the Introspect Islamic Fund in order to provide Shari’a-compliant professional investors with access to Introspect’s concentrated, absolute-return focused investment strategy. The Shari’a-compliant Fund invests in listed equities in the Middle East […]
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UCA signs up with Shariyah Review Bureau
August 2021 | Saudi Arabia
The United Cooperative Assurance Company (UCA) has signed an agreement with the Shariyah Review Bureau (SRB), under which SRB will facilitate the process for Sharia review, certification and Sharia audit on UCA’s products, transactions and activities. UCA has been serving the Kingdom for over a decade with a range of insurance products such as medical, […]
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Jingle Pay becomes the first Money Service Business with Shariah Certification
June 2021 | UAE
Jingle Pay, a UAE homegrown money service business, has become the first to offer its customers a world-first hybrid model where customers can choose to open an Islamic account or opt for a conventional alternative. Both accounts require no minimum balances, are fee-free, and can be opened via the Jingle Pay mobile application through a […]
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Forus (KSA), a peer-to-peer lending marketplace announces collaboration with SRB
June 2021 | Saudi Arabia
Forus, a Saudi based financial technology platform for financial services, today assigns Shariyah Review Bureau to supervise its Shari’a compliance affairs related to its debt crowd-funding activity. Forus is a P2P lending marketplace that bridges the gap in SME financing. Through its platform it enables investors to invest in a marketplace of alternative loans targeted […]
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Tayyab partners with Shariyah Review Bureau for its Digital Bank Card offerings
May 2021 | Kazakhstan
Kazakhstan based Fintech start-up Tayyab today announced the launch of their digital Sharia compliant debit cards. It has assigned Shariyah Review Bureau to ensure the underlying modality, its workings and overall structure are in compliance to Shari’a. The appetite for Islamic finance products and the support of Kazakhstan government continues to grow, despite the global […]
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Tamara secures Shari’a approval for its ‘Buy now & Pay later’ solutions
April 2021 | Saudi Arabia
Tamara, Saudi Arabia’s first fintech platform that offers its customers a ‘Buy Now Pay Later’ (BNPL) scheme announces the assignment of Shariyah Review Bureau, to manage its financing solution in light of Shari’a principles. The payment solution is available to online stores in Saudi Arabia and the United Arab Emirates. With the consumer preference shifting […]
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BUPA Arabia marks 10 years of engagement with Shariyah Review Bureau
March 2021 | Saudi Arabia
Bupa Arabia for Cooperative Insurance today announces that it has extended its engagement contract with Shariyah Review Bureau, a leading provider of Sharia advisory and Sharia audit solutions. SRB has been serving Bupa for a decade providing Sharia advisory services, including insurance policy review, investment evaluation and Sharia audit, to its healthcare business. Bupa Arabia remains […]
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Horizon Capital launches Sharia-compliant Fund
February 2021 | Switzerland
Horizon Capital AG, is a one-stop shop for businesses and private financial needs, specializing in short-term private debt strategies linked to natural resources. Being well-grounded in ESG principles and their commitment to social and environment criteria in the investment process, they have decided to set up a Sharia compliant Trade Finance Fund and also administer […]
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Tamam App secures Sharia Certification
January 2021 | Saudi Arabia
Tamam Financing Company (Tamam), the financial technology (fintech) has been officially licensed by the Saudi Central Bank (SAMA) as the first company to provide micro-financing services to consumers across the Kingdom. Tamam Financing Company today announced the certification of its micro-finance Tamam app in light of Sharia principles by Shariyah Review Bureau. The Tamam app will […]
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New Zealand firm releases Islamic products
January 2021 | New Zealand
New Zealand based financial services company EFCO Ltd, today announces receiving Sharia certification as a mark of compliance from Shariyah Review Bureau (SRB) – a Bahrain based Shariah advisory firm licensed by the Central Bank of Bahrain. The engagement comes as EFCO integrate Shari’a compliance to its set of assets & debt-based products. The arrangement […]
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