MEDIA CENTER

Emkan Alarabiya Unveils Innovative Automated Sukuk Platform

Emkan Alarabiya Unveils Innovative Automated Sukuk Platform

February 2024 | Saudi Arabia

Emkan Alarabiya, a leading fintech firm based in Saudi Arabia, has unveiled a groundbreaking automated platform dedicated to facilitating Sukuk issuance processes. This platform, meticulously developed and certified for compliance with Sharia finance principles by SRB, marks a significant advancement in the realm of Islamic finance. By leveraging cutting-edge technology and collaborating closely with legal experts and Sharia scholars, Emkan Alarabiya aims to revolutionize the Sukuk market, making it more accessible to a broader range of participants, including retail investors and small to medium-sized enterprises (SMEs). This initiative aligns with Saudi Arabia's Vision 2030 objectives of economic diversification and fostering entrepreneurship, positioning the company as a key player in the region's financial innovation landscape.

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IBDA Real Estate platform creates Sharia compliant investment opportunities

IBDA Real Estate platform creates Sharia compliant investment opportunities

February 2024 | Saudi Arabia

KSA – IBDA Real Estate platform offers Sharia-compliant investment opportunities in the thriving Saudi Arabian real estate market. Founded by Waleed Albawardi, IBDA Real Estate platform has received Shari’a certification from Shariyah Review Bureau (SRB), making it a secure and transparent choice for property owners and investors. With a dual-service approach that allows property owners to list their properties for sale or sell usufruct rights, IBDA caters to diverse financial needs. Headquartered in Bahrain and licensed by the Central Bank of Bahrain, SRB brings over 19 years of experience in Sharia certification and audit services, ensuring confidence and compliance for all stakeholders.

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Crowdfunding Fintech ‘Thara’ collaborates with Shariyah Review Bureau to ensure Shari’a Compliance

Crowdfunding Fintech ‘Thara’ collaborates with Shariyah Review Bureau to ensure Shari’a Compliance

January 2024 | Saudi Arabia

Thara, a Saudi-based fintech, has obtained Shariah certification from Shariyah Review Bureau (SRB) for its crowdfunding financial services, focusing on real estate development projects. This platform connects individual and institutional investors, offering Murabaha financing opportunities in the real estate sector. Abdulelah Alsaab, Thara's COO, emphasized the platform's simplicity and due diligence checks, making it accessible for financing needs and investment goals. With the Sharia certification, Thara aims to provide a trustworthy and compliant technological platform. SRB, a leading Sharia Advisory firm in Saudi Arabia, is overseeing the compliance, serving not only traditional financial institutions but also diverse fintechs. Yasser S. Dahlawi, CEO of SRB, looks forward to supervising Thara's platform transactions, ensuring Sharia compliance and stakeholder trust.

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ArabianPay Forms Partnership with Shariah Review Bureau for Shari’a Compliance

ArabianPay Forms Partnership with Shariah Review Bureau for Shari’a Compliance

January 2024 | Saudi Arabia

ArabianPay, a new entrant in Saudi Arabia's BNPL sector, partners with the Shariyah Review Bureau (SRB) for Sharia certification. The move aligns with Vision 2030, aiming to diversify the economy. ArabianPay, led by Mohammad Rashid AlAbdulatif, supports startups, acting as a bridge between them and stakeholders. SRB's CEO, Yasser S. Dahlawi, welcomes ArabianPay to the "interest-free" BNPL providers, expressing enthusiasm for their scaling efforts in the Kingdom.

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