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.