Al Mamoon Insurance Broker Company LTD, one of Saudi Arabia’s top insurance intermediaries, has been awarded Sharia certification by Shariyah Review Bureau. This certification reinforces Almamoon’s commitment to providing Sharia-compliant insurance solutions tailored to the Saudi market, including specialized services in property, casualty, marine, and employee benefits. The certification supports Saudi Vision 2030, ensuring comprehensive coverage and risk management in compliance with Islamic finance principles.
Read moreRize, a leading Property Tech company in Saudi Arabia, has received Sharia certification from the Shariyah Review Bureau for its innovative rent payment solution. This groundbreaking model allows tenants to convert traditional annual rent payments into manageable monthly installments, easing the financial burden on tenants while providing landlords with immediate liquidity. This initiative aligns with Saudi Vision 2030’s goals of enhancing housing affordability and accessibility. With Sharia compliance confirmed, Rize is set to redefine the real estate rental market, offering a financially inclusive option that benefits tenants and landlords alike.
Read moreMekyal Financial Technologies Company is thrilled to announce its Sharia compliance certification from the Shariyah Review Bureau (SRB) for its Sukuk issuance platform. This certification marks a critical milestone for Mekyal, aligning its innovative offerings with Sharia principles and enabling investors to finance small and medium enterprises (SMEs) through its crowdfunding model.
Read moreDive into the world of ethical wealth building with Vennre's innovative approach to private market investments. Through a strategic partnership with SRB, Vennre provides a range of Sharia-compliant private equity options, emphasizing alignment with Islamic financial principles. Discover how this collaboration is reshaping investment opportunities, empowering professionals across the Middle East and beyond to achieve financial freedom while staying true to their values.
Read moreDiscover ethical investment opportunities in the world of collectible classic cars with TheCarCrowd. Our platform has been certified as Sharia compliant by the Shariyah Review Bureau, offering a transparent and regulated path to fractional ownership of rare automotive treasures. Join a global community of investors passionate about classic cars while aligning with Islamic finance principles. Explore the lucrative world of classic car investments with confidence and integrity.
Read moreEjari has launched a Sharia-compliant Rent Now, Pay Later platform in Saudi Arabia, targeting the $20bn+ rental market. Offering flexible payment options for tenants, the platform addresses the prevalent annual or bi-annual rent payment structure, having processed over $16m in financing applications since its inception six months ago. This initiative aligns with Saudi Arabia's Vision2030 goals, emphasizing housing development and financial inclusivity. Through its partnership with the Shariah Review Bureau, Ejari ensures adherence to Islamic finance principles, promoting transparency and ease of use for managing rental payments, thereby contributing significantly to the housing sector's growth and the achievement of a 70% homeownership rate by 2030.
Read moreEmkan 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.
Read moreKSA – 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.
Read moreThara, 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.
Read moreArabianPay, 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.
Read more© 2024 Shariyah Review Bureau - ALL RIGHTS RESERVED
Academic specializing in jurisprudence and Shari’a matters, he holds the position of Co-professor in the Department of Arabic Language and Islamic Studies at the Faculty of Arts
in University of Bahrain, took his academic studies in Al-Azhar Al-Sharif in Egypt, Zaytuna
University in Tunisia, and Mohammed V University in Morocco. Specialized in jurisprudence
and legal policy and then in the Sunnah and its sciences, as well as being a student of Shariyah
of an elite of distinguished scholars in Bahrain, Egypt, Tunisia, Morocco and the Kingdom of
Saudi Arabia, and also a group of scholars from the Levant, Turkey and India, he composed many books in jurisprudence and hadith, some is published while some still not yet, he represented the Kingdom of Bahrain in International Shariyah forums where he has broadcasted many scientific and advocacy posts, researches and articles. Locally and globally.
Worked at the Ministry of Justice and Islamic Affairs – Sharia courts, between 1984 and 1986.
He also worked as a teacher at the Religious Institute during the period between 1993 to 2001. During that he was chosen as a member of the Committee for the Development of the Religious Institute formed by the Ministry of Education.
Assistant professor at the University of Bahrain to teach the Sunnah and its sciences.
Co-professor at the University of Bahrain to teach the Sunnah and its sciences.
Shari’a Board Member of Arab Bank – Islamic window.
Shari’a Advisor for Bloom Invest Saudi Arabia.
Advice from a Compassion Brother
Musnad of Mu’amil bin Ismail al-Muallal
Explanation of the Qurtubi statement in jurisprudence
Hints about Learning
Thikr with the word of “Allah”
General Fatawas
PhD in the Prophetic Sunnah and Sciences from the University of Zaytuna in Tunis.
Sheikh Dr. Osama Bahar is a Sharia scholar for various Islamic financial institutes. He completed his PhD in Islamic Finance from Al Emam Al Awzae University, Beirut and Master Degree from Al Emam Al Awzae University, Beirut. He sits on various Sharia Boards for institutions such as International Investment Bank, Credi Max, First Energy Bank and Sakana Holistic Housing Solutions. He was previously the Head of Sharia Compliance at Salam Bank, ABC Islamic Bank & Shamil Bank of Bahrain and was also an officer at Bahrain’s Ministry of Justice and Islamic Affairs.
Member of the Sharia Supervisory Board of Investate -Investment Company | Bahrain
Member of the Sharia Supervisory Board of Global Banking Corporation | Bahrain
Member of the Sharia Supervisory Board of International Investment Bank | Bahrain
Member of the Sharia Supervisory Board of Capinnova Bank | Bahrain
Chief Sharia Compliance Officer for First Energy Bank | Bahrain
Sharia Compliance Officer for Salam Bank | Bahrain
Chief Sharia Compliance Officer for Ithmar Bank | Bahrain
Sharia Board Member for Al Izz Islamic Bank | Oman
Member of Sharia’a committee in The National Investor | UAE
Member of Sharia Supervisory Board for Credi Max | Bahrain
Sharia Advisor for Sakana Holistic Housing Solutions BSC (c).
Sharia Advisor for REEF Company | Bahrain
Sharia Advisor for Gulf Islamic Investments | UAE
Member of Sharia’a committee GBCORP
Islamic Insurance
Sharia Supervisory Board Member for Allianz | Bahrain
Tawaruq as method of Islamic finance
Study in converting conventional bank in to Islamic bank.
Art of Islamic finance dealing.