MEDIA CENTER

Mekyal Announces Shari’a Compliance Certification for its Crowd-funding Sukuk Model

Mekyal Announces Shari’a Compliance Certification for its Crowd-funding Sukuk Model

May 2024 | Saudi Arabia

Mekyal 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.

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Vennre Empowers Investors with Sharia-Compliant PE Options

Vennre Empowers Investors with Sharia-Compliant PE Options

April 2024 | United Kingdom

Dive 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.

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Collectibles Investment: TheCarCrowd’s Classic Car Platform Achieves Sharia Compliance

Collectibles Investment: TheCarCrowd’s Classic Car Platform Achieves Sharia Compliance

March 2024 | United Kingdom

Discover 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.

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Ejari’s Sharia-Compliant Rental Platform Empowers Saudi Market

Ejari’s Sharia-Compliant Rental Platform Empowers Saudi Market

February 2024 | Saudi Arabia

Ejari 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.

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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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