MEDIA CENTER

Malaa Technologies ready to launch its Shari’ah compliant investment platform

Malaa Technologies ready to launch its Shari’ah compliant investment platform

January 2023 | Saudi Arabia

Malaa Technology (Malaa) a Saudi based fintech, today announces having received Shariah certification for its platform that provides financial planning and wealth management services to its customers. Shariyah Review Bureau (SRB) has been engaged on an ongoing basis and have reviewed its legal documents, investment strategy and will be supervising its investment activities in light of Sharia.

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EQRAZ Inc. launches halal home mortgages across several Canadian provinces

EQRAZ Inc. launches halal home mortgages across several Canadian provinces

January 2023 | Canada

EQRAZ Inc., a Toronto-based Islamic financial services start-up, announced today the launch of its Shariah-compliant mortgage business for Canada’s fast-growing 1.8 million Muslim population. EQRAZ’ entire business, including products, policies, and procedures are Shariah-certified under AAOIFI standards by Bahrain-based Shariyah Review Bureau (SRB), who will also be supervising and auditing the company’s offerings and operations in accordance Shariah and AAOIFI standards.

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