MEDIA CENTER
Sputnik ATX launches first Shari’a compliant VC Fund
April 2023 | USA
Texas, USA - Sputnik, today announces receiving Sharia certification for its Sputnik ATX Fund II as a mark of compliance from Shariyah Review Bureau (SRB) – a Bahrain based Shariah advisory firm licensed by the Central Bank of Bahrain.
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MIS Forward enters market with its Sharia compliant BNPL product
April 2023 | Saudi Arabia
MIS Forward is a new entrant to the Saudi market, providing Buy Now Pay Later (BNPL) solution to its customers, to convert its purchases into interest-free instalments.
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eWTP Arabia Capital collaborates with Shariyah Review Bureau for Technology Innovation Fund
March 2023 | Saudi Arabia
KSA based eWTP Arabia Capital will soon launch its Sharia compliant eWTP Arabia Technology Innovation Fund. It partnered up with Bahrain based advisory firm, Shariyah Review Bureau (“SRB”) to oversee the fund's structuring and sharia complaint investments.
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Uzbekistan Leasing Company partners with top advisory firm to boost Sharia Confidence
March 2023 | Uzbekistan
Taiba Leasing, Uzbekistan's leading Islamic leasing company, has engaged the services of Shariyah Review Bureau (SRB), a global Sharia Advisory firm, to oversee and verify the Sharia-compliancy of its products, and to carry out regular Sharia audits in accordance with the standards set by AAOIFI.
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QSalary announces securing Sharia certification for its on-demand pay services
February 2023 | Saudi Arabia
QSalary service enables employees to better align income and expenses by accessing a portion of their accrued wages, in advance of pay day, with the remaining portion paid at the end of the pay period. Unlike salary-based lending or payday loans, On-Demand Pay does not involve borrowing on the part of the employees, and usually carries little to no cost.
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MADKHOL to launch its robo-advisory platform focusing on shari’a investments
February 2023 | Saudi Arabia
Madkhol is a Saudi based technology platform that provides Robo-advisory investment services to its customers. Today it announces receiving Shariah certification for its platform and investment activities from Shariyah Review Bureau (SRB).
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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
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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