Medias Archive

MEDIA CENTER

MONEYMOON Awarded Sharia Certification for its P2P financing Platform

November 2024 | Saudi Arabia

MONEYMOON, a Saudi Arabia-based peer-to-peer financing platform, proudly announces receiving Sharia certification from Shariyah Review Bureau (SRB). By combining technological innovation with Islamic finance principles, MONEYMOON simplifies borrowing and investing, offering hassle-free financial solutions and low-risk investment opportunities. This milestone aligns with Saudi Vision 2030, supporting financial inclusivity and sector innovation.

Aleph Zero and Shariyah Review Bureau Collaborate to Bring Sharia-Compliant Blockchain to the GCC

November 2024 | Switzerland

Aleph Zero, a privacy-focused Swiss blockchain, gains Sharia certification from Shariyah Review Bureau, enabling compliant, scalable, and secure blockchain solutions for the GCC. This partnership aims to accelerate blockchain adoption in the Middle East, aligning with Islamic finance principles and advancing Web3 initiatives in the region.

Al Mamoon Insurance Broker Company LTD Receives Sharia Certification from Shariyah Review Bureau

September 2024 | Saudi Arabia

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.

Rize receives Sharia certification for its rent payment solution

September 2024 | Saudi Arabia

Rize, 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.

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.

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.

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.

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.

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.

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.

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.

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.

Awaed introduces Sharia-Compliant Platform to access Global Listed Companies.

December 2023 | Saudi Arabia

Awaed Alosool Capital announces its new Sharia-compliant investment platform, Awaed, rooted in Riyadh, Saudi Arabia. This innovative platform empowers individuals with seamless access to invest in public listed companies, ensuring inclusivity and Sharia compliance in financial markets.

Cur8 Capital (UK) appoints Shariyah Review Bureau for ongoing Shariah Compliance

October 2023 | United Kingdom

Cur8 Capital, serving high-net-worth investors globally, partners with Shariyah Review Bureau (SRB) for Shariah consultation and auditing in asset management. Emphasizing on real-estate, fixed income, and venture capital, Cur8 ensures Shariah-compliant investments. SRB, a leading Sharia advisory from the Middle East, provides expertise in Sharia supervisory and audit services, strengthening Cur8's commitment to Islamic finance standards.

MRHB Network’s passive income product ‘EMPLIFAI’ secures Shariyah Review Bureau’s approval

September 2023 | Bahrain

MRHB Network partners with Bahrain's Shari’ah Review Bureau to launch EMPLIFAI, a Sharia-compliant passive income product. EMPLIFAI taps into DeFi activities for earnings, as MRHB broadens its halal crypto ecosystem. The company eyes expansion into Saudi Arabia by 2023.

Bahrain based Kaaf hires Shariyah Review Bureau for Sharia Governance framework

August 2023 | Bahrain

Kaaf humanitarian - a charity organization that belongs to Al-Eslah society based in the Kingdom of Bahrain today announces partnering up with Shariyah Review Bureau (SRB), a Central Bank of Bahrain (CBB) licensed Sharia advisory firm to help design its Sharia governance framework.

Themar collaborates with Shariyah Review Bureau for review and supervision

August 2023 | Saudi Arabia

Themar, a Saudi fintech, receives Shariah certification from SRB for its crowdfunding platform connecting SMEs with investors, ensuring Islamic financial compliance.

Rakeez Capital Launches its Automated Sukuk Issuance Platform

June 2023 | Saudi Arabia

Saudi based fintech Rakeez Capital, is an automated platform that facilitates the issuance of Murabaha Sukuk. Today it formally announces that the platform's ability to issue ‘sukuk’ - debt instrument under the modality of Murabaha has been reviewed and certified by

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.

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.

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.

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.

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.

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).

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.

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.

Rassanah Capital Assigns Shariyah Review Bureau for its Funds Compliance

November 2022 | Saudi Arabia

Saudi based Rassanah Capital, is the latest investment firm having secured license this year to provide diverse and integrated financial services designed specifically to match the financial goals of individuals and institutions. It provides services in the field of arrangement, advice, management and operation of investment funds, managing private portfolios and financial advice.

Acadian Asset Management Engages Shari’ah Review Bureau for Oversight on Leading Islamic Financial Institution Portfolio

September 2022 | UK

Acadian Asset Management (UK) Limited (“Acadian”), an affiliate of Acadian Asset Management LLC, a global systematic investment leader, is partnering with Shari’ah Review Bureau (“SRB”), a Bahrain-based Shari’ah advisory firm. SRB will provide Acadian with Sharia oversight services for two Shari’ah-compliant global equity portfolios managed by Acadian on behalf of a leading Islamic financial institution. […]

Kingdom’s First Robo-Advisory Fintech Signs With Shariyah Review Bureau

August 2022 | Saudi Arabia

Tamra Capital, a Saudi-based fintech licensed by the Capital Market Authority, will use robo-advisory technology to provide competitive and convenient access to global financial markets. It joins hands with Shariyah Review Bureau (SRB) to ensure its operations, legal documents, and investment offerings are in compliance with Shariah. Tamra Capital has already launched today with a web-based platform and […]

Bluebox Asset Management engages with Shariyah Review Bureau for its Islamic Global Technology Fund

August 2022 | Switzerland

Geneva based BlueBox Asset Management (“BlueBox”) today launches its Shariah compliant Islamic Global Technology fund. It partnered up with Bahrain based advisory firm, Shariyah Review Bureau (“SRB”) to oversee the fund’s structuring and sharia complaint investments. BlueBox was formed in 2018 as a partnership between BlueBox Wealth Management and William de Gale. The BlueBox Global Technology Fund was launched in […]

KSA based LDUN secures Sharia approval for its BNPL product

July 2022 | KSA

In aligning with the Saudi Vision 2030, local based Buy Now Pay Later (BNPL) payment solution providers came to bridge the gap between the wholesalers and the retailers. This was to ensure the business continuity for both segments by developing an innovative, user-friendly, and automated solution to facilitate responsible decision making and better control of […]

Shariyah Review Bureau hired by Oman Investment Authority for its listed REIF

July 2022 | Saudi Arabia

Shariyah Review Bureau (SRB), signed an agreement with Oman Investment Authority (OIA) to certify and supervise its Shariah-compliant REIF (also known as RIET in other jurisdictions).

Tribal Credit launches new Shari’a compliant payments and financing to businesses in the Middle East

June 2022 | UAE

Tribal Credit has partnered with Shariyah Review Bureau (SRB) to deliver secure, 360° and powerful Shari’a compliant finance solutions [Dubai], 20 June 2022.- Tribal Credit, a global company from Silicon Valley that provides integrated financial solutions for startups across the Middle East and emerging markets, announced today that it has engaged Shariyah Review Bureau (SRB), […]

UAE: Postpay secures Sharia approval for its BNPL products

May 2022 | UAE

UAE based payment solution provider Postpay, today announces receiving Sharia certification from Shariyah Review Bureau for three of its ‘Buy Now Pay Later’ (BNPL) payment solutions to its customers. With the increase in online transactions amidst the pandemic, BNPL providers stood to benefit. They are seen as a twofer by both parties; the vendors and […]

Lamaa achieves Shari’a-certification for its Supply-chain product

March 2022 | KSA

KSA based fintech company, Lamaa receives Shari’a approval for its Dynamic Solution – one of the Supply Chain Solution products provided through its technological platform. This is in line with the Saudi’s vision 2030 initiative to support SMEs in the Kingdom with variety of products and solutions. Sumeet Khutale, the founder and CEO of Lamaa said “We wanted to contribute to achieving the […]

Mudaraba Financial Company scales up to launch digital sukuk

January 2022 | KSA

Saudi Arabian based Mudaraba Financial company (MFC) announces today of partnering up with Shariyah Review Bureau to ensure all aspects of its digital Mudaraba Sukuk issuance platform meet the requirements of Sharia approval. In line with Saudi Arabia’s regulatory frameworks for the innovation of financial technology (Fintech) in the capital market, the platform automates the […]

QuantDART to capture Islamic investment opportunities in digital assets with its Halal Investment Product

December 2021 | Kazakhstan

Kazakhstan-based QuantDART has appointed Shariyah Review Bureau (“SRB”) as its Sharia advisor to supervise its investment activities under the Halal Investment Product. The appetite for Islamic finance products and the support of the Kazakhstan government have continued to grow despite the recent global challenges. QuantDART created an investment product which helps faith-centered investors at both retail and institutional levels to […]

Doconomy rolls out its climate impact solution Åland Index to Islamic financial markets

November 2021 | Sweden

Sweden based Doconomy today announced that it has deployed Shariyah Review Bureau’s services to power Sharia compliance to its Åland Index. As part of the agreement Shariyah Review Bureau has been assigned to certify, supervise, and audit the index in light of Sharia principles and rulings. The cloud-based index will allow the end users of […]

Tanmeya Capital partners up with Shariyah Review Bureau

October 2021 | KSA

Tanmeya Capital (KSA), has assigned Shariyah Review Bureau (SRB) to supervise its Asset management operations and activities under private equity and real-estate investments and provide technical Shariah consultation, certification and Shariah audit for its Funds. A multi-disciplinary investment, Tanmeya Capital seeks to provide specialized investment strategies and structure the most challenging transactions for its investors. […]

Aljabr Finance Corporation (KSA) engages with Shariyah Review Bureau to ensure Shariah Compliance

October 2021 | KSA

Aljabr Financing Corporation (AJFC), announced today, that it has appointed Shariyah Review Bureau to ensure and enhance services of shariah audit and compliance. Established in 2014, Aljabr Financing Corporation is licensed by Saudi Central Bank (SAMA), Mr. Mohammed Ibrahim Aljabr – Member of the Board of Directors of AJFC said “We are one of the pioneering Saudi companies specialized in providing productive […]

Matager Finance assigns Shariah Review Bureau for Shariah Advisory & Compliance

September 2021 | KSA

Matager Finance Company, one of the leading financing companies operating in Kingdom of Saudi Arabia, today announced that it has finalized an engagement agreement with Shariyah Review Bureau to manage its Sharia compliance requirements. Matager specializes in individual and enterprises financing and has been serving the Kingdom since 1992 by providing financing and specialized products […]

Tabby, a leading ‘Buy Now Pay Later’ solution provider secures Sharia approval

September 2021 | KSA

Tabby, one of the leading Buy Now Pay Later provider in the region signs up with Shariyah Review Bureau to ensure its payment solutions offered in the Kingdom of Saudi Arabia are congruent to the principles of Shariah. Tabby’s deferred payments solution which is offered to online and offline stores and merchants in Saudi Arabia […]

Introspect Capital Appoints Shariyah Review Bureau

August 2021 | UAE

DIFC (Dubai) based Introspect Capital has received approval from the DFSA to conduct Financial Services through an Islamic Window. Introspect Capital has also launched the Introspect Islamic Fund in order to provide Shari’a-compliant professional investors with access to Introspect’s concentrated, absolute-return focused investment strategy. The Shari’a-compliant Fund invests in listed equities in the Middle East […]

UCA signs up with Shariyah Review Bureau

August 2021 | Saudi Arabia

The United Cooperative Assurance Company (UCA) has signed an agreement with the Shariyah Review Bureau (SRB), under which SRB will facilitate the process for Sharia review, certification and Sharia audit on UCA’s products, transactions and activities. UCA has been serving the Kingdom for over a decade with a range of insurance products such as medical, […]

Jingle Pay becomes the first Money Service Business with Shariah Certification

June 2021 | UAE

Jingle Pay, a UAE homegrown money service business, has become the first to offer its customers a world-first hybrid model where customers can choose to open an Islamic account or opt for a conventional alternative. Both accounts require no minimum balances, are fee-free, and can be opened via the Jingle Pay mobile application through a […]

Forus (KSA), a peer-to-peer lending marketplace announces collaboration with SRB

June 2021 | Saudi Arabia

Forus, a Saudi based financial technology platform for financial services, today assigns Shariyah Review Bureau to supervise its Shari’a compliance affairs related to its debt crowd-funding activity. Forus is a P2P lending marketplace that bridges the gap in SME financing. Through its platform it enables investors to invest in a marketplace of alternative loans targeted […]

Tayyab partners with Shariyah Review Bureau for its Digital Bank Card offerings

May 2021 | Kazakhstan

Kazakhstan based Fintech start-up Tayyab today announced the launch of their digital Sharia compliant debit cards. It has assigned Shariyah Review Bureau to ensure the underlying modality, its workings and overall structure are in compliance to Shari’a. The appetite for Islamic finance products and the support of Kazakhstan government continues to grow, despite the global […]

Tamara secures Shari’a approval for its ‘Buy now & Pay later’ solutions

April 2021 | Saudi Arabia

Tamara, Saudi Arabia’s first fintech platform that offers its customers a ‘Buy Now Pay Later’ (BNPL) scheme announces the assignment of Shariyah Review Bureau, to manage its financing solution in light of Shari’a principles. The payment solution is available to online stores in Saudi Arabia and the United Arab Emirates. With the consumer preference shifting […]

BUPA Arabia marks 10 years of engagement with Shariyah Review Bureau

March 2021 | Saudi Arabia

Bupa Arabia for Cooperative Insurance today announces that it has extended its engagement contract with Shariyah Review Bureau, a leading provider of Sharia advisory and Sharia audit solutions. SRB has been serving Bupa for a decade providing Sharia advisory services, including insurance policy review, investment evaluation and Sharia audit, to its healthcare business. Bupa Arabia remains […]

Horizon Capital launches Sharia-compliant Fund

February 2021 | Switzerland

Horizon Capital AG, is a one-stop shop for businesses and private financial needs, specializing in short-term private debt strategies linked to natural resources. Being well-grounded in ESG principles and their commitment to social and environment criteria in the investment process, they have decided to set up a Sharia compliant Trade Finance Fund and also administer […]

Tamam App secures Sharia Certification

January 2021 | Saudi Arabia

Tamam Financing Company (Tamam), the financial technology (fintech) has been officially licensed by the Saudi Central Bank (SAMA) as the first company to provide micro-financing services to consumers across the Kingdom. Tamam Financing Company today announced the certification of its micro-finance Tamam app in light of Sharia principles by Shariyah Review Bureau. The Tamam app will […]

New Zealand firm releases Islamic products

January 2021 | New Zealand

New Zealand based financial services company EFCO Ltd, today announces receiving Sharia certification as a mark of compliance from Shariyah Review Bureau (SRB) – a Bahrain based Shariah advisory firm licensed by the Central Bank of Bahrain. The engagement comes as EFCO integrate Shari’a compliance to its set of assets & debt-based products. The arrangement […]

Shukr Investments issues global equity fund

November 2020 | UAE

Shukr Investments—an ADGM based investment manager who has received an In Principle Approval from the Financial Services Regulatory Authority—today announced that it has signed with Shariyah Review Bureau to setup its Sharia Supervisory Board and supervise its global public equity fund activities. Founded in 2013, Shukr Investments has a presence in Abu Dhabi and the […]

Al Sagr drives growth with Sharia compliance

November 2020 | Saudi Arabia

With a 38 years track record in the Kingdom of Saudi Arabia and with branches in Riyadh, Jeddah and Dammam, Al Sagr’s ambitious goal continues to cater to customers in the Kingdom and beyond. As one of the leading insurance player in the industry, Al Sagr is committed to applying faith based values so as […]

Tezos Blockchain receives Sharia Certification

October 2020 | UAE

Tezos Gulf was established to foster ecosystem development in the Gulf Cooperation Council (GCC) for the Tezos network, an open-source public blockchain for assets and applications. In accordance with that mission, Tezos Gulf has announced the assignment of Shariyah Review Bureau (SRB) as its Sharia Advisor. Shariyah Review Bureau has reviewed the Tezos blockchain’s governance mechanism, Proof-of-Stake […]

Launching Sharia Equity Portfolios

September 2020 | USA

Sands Capital Management today announced the launch of a global growth equity strategy that enables institutional investors to allocate capital to a concentrated portfolio of leading growth businesses that comply with Sharia principles. The strategy is offered through segregated accounts that can be customized to a client’s needs. A U.S. based investment management firm focused […]

Saudi Re receives Sharia certification from SRB

September 2020 | Saudi Arabia

Saudi Reinsurance Company “Saudi Re”, the sole reinsurance company in the Kingdom of Saudi Arabia, announced receiving the Sharia certificate for its offerings from Shariyah Review Bureau “SRB”. With a solid financial base of total assets SAR 2.9 billion and an A3 rating by Moody’s, Saudi Re’s is eyeing opportunities to strengthen its presence in […]

Flexxpay Secures Sharia Certification

July 2020 | Saudi Arabia

FlexxPay, a cloud-based technology solution enabling employees to access their ‘earned income’ whenever needed, receives a Sharia Compliance certification for its platform from Shariyah Review Bureau. The platform has the convenience to be accessed through a mobile app, or web. Employers benefit from no integration hassle and no changes to the payroll cycle or any risk […]

Wahed Invest assigns SRB as their Shariah advisor

January 2020 | United Kingdom

Wahed Invest, a global provider of Halal investments, today announced the assignment of Shariyah Review Bureau to manage its Sharia compliance affairs from client agreements to investment universe, including Islamic ETFs and virtual advisory terms. The announcement was made after a series of strategic positioning that Wahed has made to tap Islamic investors globally. Wahed […]

CoinMENA captures Islamic digital assets

December 2019 | Bahrain

Bahrain based CoinMENA has announced that it has appointed Shariyah Review Bureau (“SRB”) as an outsourcing facility to manage and supervise the Sharia certification and Sharia audit services for its digital asset platform. CoinMENA was created to help investors at both the retail and institutional level identify business opportunities for digital assets like Bitcoin, Ethereum […]

Malath to capture greater efficiencies

November 2019 | Saudi Arabia

Malath Insurance, Saudia’s leading insurance company, announced today the assignment of Shariyah Review Bureau (SRB) a leading Sharia Advisory firm focused on Sharia Boards, certification and Sharia audit services, to help maintain and supervise Sharia compliance of its products, operations and investments. Malath offers comprehensive solutions covering classes of insurances like property, engineering, construction, health […]

Algorand Announces Sharia Certification

October 2019 | Singapore

The Algorand Foundation, the organization that oversees the Algorand blockchain platform delivering speed and scalability for frictionless finance, today announced that the network is certified for Sharia compliant financing. The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the public, permissionless, and open source Algorand blockchain to create an […]

Al Etihad delivers high impact products

September 2019 | Saudi Arabia

One of Saudi Arabia’s largest insurance company, Al-Etihad Cooperative Insurance Company (Al Etihad), with a paid-up capital of SAR 400 million, announced the assignment of Shariyah Review Bureau, which provides an array of Sharia certification and Sharia audit services to the insurance, banking asset management industries. The new assignment enables Al Etihad to focus its […]

Saudi P2P firm assigns Sharia Advisor

August 2019 | Saudi Arabia

Raqamyah, the Kingdom’s Peer to Peer funding platform, announced the assignment of Shariyah Review Bureau, to manage the Sharia compliance affairs of its crowd-funding technology. Ammar Bakheet, Founding Partner and Chief Executive Officer of Raqamyah, said, “It is high-time for the Kingdom’s financial sector to explore opportunities offered by fin-tech firms to serve the SME’s […]

Lendo integrates Sharia supervisory services

July 2019 | Saudi Arabia

Saudia-based Lendo which is seeking to provide peer to peer financing in compliance to Shariah today announced that it has engaged Shariyah Review Bureau (“SRB”) to help support its Shariah supervisory function by overseeing its offerings, crowdfunding structures and operations. Lendo committed to operating with the highest degree of commitment to Sharia compliance and engaging […]

EIT to digitalize global real estate opportunities

June 2019 | Liechtenstein

Elite Icon Trust (EIT) to digitalize global real estate opportunities with Sharia compliance in AIFC. Liechtenstein based company Elite Icon Trust is seeking to pioneer a Sharia-compliant Global Real Estate Digitalization program.

Extra to deliver new Financing Products

June 2019 | Saudi Arabia

United Electronics Company (“Extra”) is Saudi’s largest consumer electronics retail firm and its wholly-owned consumer finance unit – United Company For Financial Services (Tas’heel Finance) was licensed by the Saudi Arabian Monetary Authority (SAMA) to provide consumer finance services in the Kingdom. Tas’heel Finance today announced Shariyah Review Bureau (“SRB”) as its Sharia Advisor to […]

SAICO to increase Sharia Compliant Offerings

May 2019 | Saudi Arabia

A leading insurance provider, Saudi Arabian Insurance Company (SAICO), today signed the Sharia advisory agreement with Shariyah Review Bureau to strengthen and grow its core insurance business in light of Sharia principles. The arrangement is targeted at certifying and maintaining products, investments and insurance growth opportunities in compliance to Sharia in the year 2019 and beyond. […]

MedGulf to enhance its transformational strategy

May 2019 | Saudi Arabia

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) today announced a multi-year agreement with Shariyah Review Bureau (SRB) for its Sharia audit services as part of its Sharia compliant transformation strategy. Under the agreement, SRB will review and audit MeGulf’s cooperative Health, Motor, Property and other insurance and reinsurance products along with its […]

Ebdaa to introduce new Microfinance Products

April 2019 | Bahrain

Ebdaa Bank for Microfinance; a microfinance institution licensed by the Central Bank of Bahrain to provide Credit opportunities to Limited-income people and Micro-Business owners, today announced that it has signed with Shariyah Review Bureau to setup the Sharia Supervisory Board, certify and supervise its upcoming Sharia compliant Products, and provide on-going advice and support to […]

Mauritius Fund to grow with Sharia compliance

February 2019 | Mauritius

Skybound Capital, a global wealth management business, is in the process of launching a Sharia-compliant trade finance Fund and has assigned Shariyah Review Bureau (SRB) as the Sharia Advisor for its Islamic Trade Finance Fund. The agreement will see SRB provide technical Sharia consultation, certification and operation monitoring through Sharia audit. The new Fund is […]

Cryptocurrency exchange goes Shari’a compliant

January 2019 | Bahrain

Rain is a cryptocurrency exchange that is now Shari’a compliant (certified by Shariyah Review Bureau) Middle East focused exchange Rain has been operating within the regulatory sandbox of the Central Bank of Bahrain (CBB) since December 2017 The company is targeting a 2019 launch rain.bh Rain, a Bahrain based cryptocurrency exchange operating out of the […]

PermianChain to digitalize oil reserves

January 2019 | Dubai

Dubai: Permian Holding announced today that it has received Sharia Certification from the Shariyah Review Bureau (SRB), the Bahrain-based global Sharia certification and audit services specialist. Permian Holding is set to monetize oil assets via PermianChain Technologies, its blockchain-based start-up and the move to ensure Sharia compliance means that it will be able to broaden […]

Wethaq launches Digital Sukuk Platform

January 2019 | Dubai

Wethaq, a multinational automated Sukuk Platform, today announced that it has signed an agreement with Shariyah Review Bureau to help ensure all the digitized activities of its Sukuk Al Ijara targeted offers are in compliance with Sharia. Wethaq has been working with lawyers trying to successfully demonstrate its PaaS (platform-as-a-service) flexibility and its strong multi-source […]

X8C Introduces Cash and Gold Backed Tokens

November 2018 | Switzerland

X8 Currency, a Blockchain based digital currency with an advanced artificial intelligence wealth value preservation solution, today announced that it has been certified for Sharia compliance by Shariyah Review Bureau. X8 is the first to receive the certification for its ARM-AI (Automatic Reserve Management, Artificial Intelligence) driven portfolio which preserves value with its 100% backed reserves […]

Alpha Capital to create new financial value

November 2018 | Saudi Arabia

Alpha Capital, the Kingdom’s latest novel boutique Investment firm focused on Asset Management and Alternative Investments announced today the assignment of Shariyah Review Bureau (“SRB”) to oversee its Sharia compliant investment funds and securities business. Alpha Capital’s bespoke products and services, are designed to help investors build and grow their investors, and include direct access […]

Banque Saudi Fransi to audit Sharia compliance

October 2018 | Saudi Arabia

Banque Saudi Fransi (BSF), the Kingdom’s leading bank today announced that it has assigned Shariyah Review Bureau to help augment its internal Sharia audit functions. BSF has one of the largest suites of Sharia compliant products and services dedicated to companies, individuals and banking institutions in the Kingdom. Mazen Elrayes, Advisor to Islamic Banking at […]

Transforming Mobile Warranty Plans

October 2018 | Dubai

CDP Holdings Ltd, a Mobile Warranties & Integrated After Sales services Group today announced the assignment of Shariyah Review Bureau (SRB) as its Sharia Advisor. CDP is one of the first fully integrated provider of mobile device protection and after sales services in the GCC. It helps large Telco’s, Retailers & OEMs differentiate their device […]

IPY launches Innovative Investment Services

September 2018 | Turkey

Turkey based Investrade Portföy Yönetimi AŞ (“IPY”) today announced that it has appointed Shariyah Review Bureau (“SRB”) to help ensure Sharia compliance for its Investments Funds, portfolio management and distribution services business. IPY seeks to provide end-to-end real estate fund, pension and private mutual funds, discretionary portfolio management services including sourcing, structuring and arranging finance […]

ICK unlocks growth in leasing sector

August 2018 | Kyrgyzstan

Ijara Company Kyrgyzstan (“ICK”), the Islamic leasing flagship of Kyrgyzstan, has hired global Sharia Advisory firm Shariyah Review Bureau (“SRB”) to manage its Sharia certification and Sharia supervisory structure in line with international practices. ICK offers its customers leasing facility (Ijara Muntahia Bitamlik). As an IDB funded company, ICK is supported by ICD’s more than […]

Financing Platform launched for SME’s

July 2018 | Dubai

Murabaha Capital, a platform set-up to address the funding needs of SMEs, invoice financing and consumers in a Sharia compliant way, today announced the assignment of Shariyah Review Bureau (SRB) as its Sharia Advisor. The platform of Murabaha Capital envisions the simplification of the process for both lenders and borrowers allowing the latter to showcase […]

Blockchain to enable Islamic financial inclusion

July 2018 | San Francisco

Certification Will Drive Growth for Stellar Network with Financial Institutions in the Persian Gulf and Southeast Asia San Francisco, CA. July 17, 2018 — Stellar.org, a nonprofit that promotes financial access and inclusion, today announced that it has received Sharia compliance certification for the Stellar network. The Shariyah Review Bureau (SRB), a leading international Sharia […]

Ijara Company shifts gear for expansion

July 2018 | Kazakhstan

Kazakhstan Ijara Company (“KIC”), the first Sharia compliant leasing company that was established in Kazakhstan announced the assignment of Shariyah Review Bureau (“SRB”) to setup its Sharia Supervisory Board and help manage ongoing certification, consultation and Sharia Audits. Founded in April 2013, KIC employs more than 20 staff, and primarily operates in the field of […]

UK’s Simply Ethical enlists SRB for online service

June 2018 | United Kingdom

UK based Simply Ethical, today announces the assignment of Shariyah Review Bureau (“SRB”) to supervise its self-invest platform in a Sharia compliant manner. The subscription based digital platform allows investors to select and automatically manage their portfolios composed of stocks, funds and ETF’s. Self-invest platforms have expanded rapidly in the UK and have become the […]

NFC to lead new growth initiatives

May 2018 | Saudi Arabia

Established since 1989, National Finance Company (NFC) has been serving corporate firms and individuals in financing their investment plans business requirements. Today, it has signed an outsourcing Sharia supervisory agreement with Shariyah Review Bureau (“SRB”) to help NFC maintain its growth initiatives in compliance to Sharia. NFC’s growth has quadrupled in the last years, driven […]

BOKI appoints global Sharia Advisory firm

May 2018 | UAE

UAE based BOK International Bank (“BOKI”) today announced the assignment of Shariyah Review Bureau (SRB) as its Sharia Advisor, as it sets to launch new Islamic banking products in the country. Under the new contract, SRB will provide BOKI with Sharia Board, certification and Sharia Audit services for its products and new lines of businesses. […]

T’azur to empower its growth with SRB

April 2018 | Bahrain

Bahrain based t’azur Company is set to augment its Takaful plans in the Kingdom and has selected theShariyah Review Bureau (SRB) to setup its new Sharia Board and guide its Sharia compliance management activities, strengthening its relationship within the community of policyholders. Yahya Nooruddin, CEO of t’azursays one of the key benefits of their Takaful […]

SRC to build new Sharia compliant instruments

April 2018 | Bahrain

Saudi Real Estate Refinance Company (SRC),a wholly owned subsidiary of Public Investment Fund (PIF), has been working with Shariyah Review Bureau(SRB) to develop attractive long and short-term financing opportunities for the Kingdom’s economic development. These offerings are geared towards Islamic banks, mortgage financing companies and real-estate originators and are intended to reinforce the optimization of […]

AXA to build new offerings for businesses

September 2017 | Saudi Arabia

AXA Cooperative announced today, the assignment of the Sharia Review Bureau as its independent Sharia Advisor, as the insurer prepares to roll out selected Sharia compliant insurance solutions to individuals and businesses in the Kingdom of Saudi Arabia. AXA Cooperative has been serving the Kingdom for over 30 years, with a nationwide network of shops, […]

BOKI to Capture the Future of Islamic Banking

September 2017 | Bahrain

BOK International (BOKI), a leading Islamic wholesale bank in Bahrain, today announced the assignment of Shariyah Review Bureau (SRB) to help setup, manage and administer the Sharia Advisory Committee for its Bahrain office. “Bahrain is a strategic focus country for BOKI and we are excited to outsource our Sharia Advisory Committee function to SRB who […]

Zaman receives banking license in Kazakhstan

September 2017 | Kazakhstan

With the combined capacity of its Ekibastuz based team and Shariyah Review Bureau’s expertise, the bank is well positioned to become one of the largest Islamic Banks in Kazakhstan to 2021. Zaman Bank is pleased to announce that on 17 of August 2017 it has been licensed by National Bank of Kazakhstan for serving Islamic […]

Foursan Launches Islamic PE Opportunity Fund

August 2017 | Jordan

Foursan Group, a leading MENA private equity investor, today announced the assignment of Shariyah Review Bureau (SRB) for reviewing, certifying and supervising its private equity Islamic Fund with a multi-country, multi-sector Middle East focus. The assignment will help deliver significant operating cost savings to Foursan’s Islamic Fund with a transformed Sharia supervisory screening architecture on […]

SRB Receives GoodWell Certification in Bahrain

July 2017 | Bahrain

Sharia Advisory firm receives business tribute in promoting a fair and equitable workplace opportunities for its employee’s in the Kingdom Shariyah Review Bureau (SRB) proudly announces the receipt of GoodWell’s Certification for a fair employee promoting enterprise. US based GoodWell’s certification process requires a detailed analysis on 11 key metrics related to the treatment of […]

Time-sensitive Sharia Review service launched

July 2017 | Bahrain

Shariyah Review Bureau (SRB), one of the world’s leading Sharia Advisory firm, today announced the launch of the Islamic industry’s fastest Sharia review and certification service. Efficient both in terms of time and cost, it ensures that the financial institutions urgent product and fund documentation gets reviewed within matters of hours, so as to help […]

Enaya offers value based Insurance policies

July 2017 | Saudi Arabia

Saudi Enaya, the Kingdom’s first-class provider of health insurance products and services, today announced its assignment of Shariyah Review Bureau, a global Sharia Advisory firm with an attractive client base from multiple industries and across many geographies. “Sharia compliant products is a stretegiclaly attractive proposition that creates significant value for our shareholders and policyholders,” said […]

Sberbank advances in Islamic banking services

June 2017 | Russia

Sberbank, the largest bank of Russia, today announced receiving the certification for its Mudaraba Finance transaction from Shariyah Review Bureau (SRB). Sberbank, based in Moscow, is responsible for providing wide selection of banking services from deposits and to loans to bank cards, money transfers, bank insurance and brokerage services including supply chain finance solutions. The […]

GLFL expands its Islamic financing business

May 2017 | Saudi Arabia

Gulf Lifting Financial Leasing (GLFL), a regional provider of leasing and financial services, today announced that it has engaged Shariyah Review Bureau (SRB), the largest Sharia Advisory firm in the Kingdom of Saudi Arabia, to facilitate the management of Sharia compliant certification and practices across their leasing products and portfolio accounts. “Sharia compliant way of […]

First P2P Islamic Platform regulated by DFSA

May 2017 | Dubai

Beehive P2P Ltd recently announced the regulation of its Sharia compliant peer to peer finance platform by the Dubai Financial Services Authority (DFSA). As part of the regulatory requirements, it has appointed Shariyah Review Bureau (SRB) to supervise the Sharia Supervisory Board, Certification and Sharia Audit functions for its P2P Islamic platform. “Beehive’s deepening commitment […]

Taajeer to maximize customer value

January 2017 | Saudi Arabia

Jeddah based Taajeer Co, offering distinctive financial services, has announced the assignment of Shariyah Review Bureau (SRB) to oversee its real-estate, machinery and vehicle trading business from a Sharia perspective. Taajeer will typically invest in vehicle trading and equipment leasing that have strong potential to grow and stimulate the transportation and construction economy. “We are […]

Transformational Change with Sharia Compliance

December 2016 | Saudi Arabia

Osoul Modern today announced the signing of the Sharia Advisory agreement with Shariyah Review Bureau (SRB) to help create new value in its Islamic financing solutions. To ensure seamless Sharia compliant performance, Saeed Ahmed Baghlaf, Managing Director and Board Member of Osoul Modern said “we are building our financing capabilities for the future. We have […]

Murabaha Finance Scales up Expansion plan

November 2016 | Saudi Arabia

Saudia’s leading financing company, Murabaha Finance, today announced that it has finalized the engagement agreement with Shariyah Review Bureau (SRB), under which SRB will be the exclusive Sharia Advisor and Sharia Auditor in connection with its financing products and operational upgrades. Murabaha Finance has been serving the Kingdom for over 7 years and has helped […]

Gulf Finance Co partners with SRB

October 2016 | Saudi Arabia

Gulf Finance Co. KSA has finalized today a Shariah Advisory partnership with Shariyah Review Bureau (SRB) to cover Shariah Board supervision for its large scale SME Financing, Production Assets and Financial Leasing solutions. Gulf Finance is a Closed Joint Stock Company licensed by the Saudi Arabian Monetary Authority. It offers superior quality leasing facilities to […]

Building a new era of Islamic Leasing

September 2016 | Kazakhstan

Kazakhstan based Al Saqr Finance has announced today that it has engaged Shariyah Review Bureau (SRB), a GCC based Shari’a Advisor focused on Shari’a Certification and Shari’a Audit solutions for the asset management, banking and insurance industries, to help Al Saqr Finance achieve Shari’a Compliance in its business activities. “Providing flexible, efficient and innovative leasing […]

Medical Services provider appoints Sharia Advisor

August 2016 | Saudi Arabia

Mouwasat Medical Services is pleased to announce that it has appointed Shariyah Review Bureau (SRB) as its Sharia Advisor to help ensure that its financial dealings comply with best practices in Sharia. A corporate Shari’a Advisor for 26% of the Investment Companies licensed by the CMA, SRB will help Mouwasat maintain its equity and business […]

Designing new Islamic banking experiences

August 2016 | Kazakhstan

With the assignment of Shariyah Review Bureau, Zaman bank seeks to deliver a new set of Sharia compliant financial experiences to retail customers in the Republic of Kazakhstan. The one and only regional banking institution in Kazakhstan – Zaman Bank, renowned for its commitment to pioneering new banking experiences for its customers today announced the […]

GIAMCO revitalizes market position in KSA

June 2016 | Saudi Arabia

Gulf Investors Asset Management Company (GIAMCO) aspiring to provide quality investment solutions today announced the assignment of a global Sharia Advisor to guide and oversee its Sharia Compliant activities The deal comes at a time when GIAMCO is accelerating its launch of dynamic activities from portfolio and wealth management to business advisory and corporate finance […]

Arabian Shield boosts its success with SRB

June 2016 | Saudi Arabia

Arabian Shield has assigned Shariyah Review Bureau to ensure that it meets its Shari’a compliance requirements of setting up the Shari’a Board, managing ongoing supervision, administering Certification and Shari’a Audits. Arabian Shield, a leading provider of premium insurance products and services in the Kingdom of Saudi Arabia announced that in order to manage its Shari’a […]

Sponsoring AAOIFI’s 25th Anniversary Conference

May 2016 | Saudi Arabia

Shariyah Review Bureau (SRB), a worldwide Sharia Advisory services provider of specialized Sharia Review, Certifications and Sharia Audit, today announced that it is sponsoring the upcoming AAOIFI International Conference in Medina Monawara, Saudi Arabia. The theme for the 2016 event, which will take place on May 4th and 5th is “Islamic Finance Industry – 40 […]

Helping Create New Patterns of Innovation

April 2016 | UAE

Islamic finance has grown into a $1 trillion practice with its own compliance sector. Brunswick’s Hassan Fattah and Tasha Young examine how Shariah has taken a seat at the board table Yasser Dahlawi’s epiphany came in the early 2000s. After more than a decade spent working in the growing area of Islamic finance, he had […]

Nctm seeks to open a window of opportunities

February 2016 | Italy

As Italy’s demand for mini-bonds grows, Nctm Studio Legale (Nctm), the country’s leading law firm, has hired industry experts Shariyah Review Bureau (SRB) to help it structure an Islamic Bond. Under the agreement, SRB, a global Sharia Advisory company, will collaborate with Nctm to help structure and certify the mini-bonds in light of Sharia guidelines. […]

Journey to the Future of Finance

January 2016 | Australia

Australia’s fastest growing financial solutions provider Equitable Financial Solutions (EFSOL), announced today the signing of an agreement with Shariyah Review Bureau (SRB) as it seeks to expand its Islamic financing portfolios. The agreement will allow EFSOL to expand its footprint in the Sharia compliant market, and is expected to add $100 million of new investments […]

In search of transformative potential

December 2015 | USA

US based FreshBox Farms aspires to provide sustainable and quality based high-tech Islamic leasing investment solutions for the Middle Eastern and Asian markets and announces the appointment of Shariyah Review Bureau (SRB) for managing its Sharia compliance Headquartered in Massachusetts, FreshBox, an entrepreneurial company that develops digitally controlled farming innovations, will offer corporate customers and […]

Opening New World of Opportunities

November 2015 | Dubai

The Shariyah Review Bureau (SRB), an independent Sharia audit entity, has announced that it will supervise the board functions and product management of Al Islami, the new Islamic Banking window launched by Commercial Bank International (CBI) in November 2015. Ali Amri, Head of Wholesale Banking at CBI, said: “Our partnership with the Shariyah Review Bureau […]

Creative trading experience in Africa

October 2015 | Cameroon

Ovamba today announced plans to launch the next evolution of its ambitious effort in supporting credit facilities for the African SME market. The heart of the campaign is an Islamic financial experience that caters to business needs and growth developments. The investment by Ovamba will enable it to strengthen its uniquely competitive position, increase its […]

On the front line of P2P Financing

September 2015 | Dubai

Innovative Dubai based platform brings P2P finance to Islamic investors Independent review completed by leading Sharia consultancy firm Beehive, the UAE’s leading online marketplace for peer-to-peer (P2P) finance, has been certified as a Sharia-compliant P2P finance platform by the Shariyah Review Bureau (SRB). The certification makes Beehive the first P2P platform in the world to […]

Sponsoring Global Ethical Forum in Edinburgh

August 2015 | Edinburgh

Scotland: Shariyah Review Bureau (“SRB”), the corporate world’s top brand for Sharia certification services, announced its participation at the Global Ethical Finance Forum (GEFF), to be held in Edinburgh, from September 1-3, 2015. SRB is a sponsor of the GEFF conference and a supporter of this year’s Sharia Advisory Partnership. “We are delighted to sponsor […]

Ijmal to build Sharia compliant RE portfolios

August 2015 | Saudi Arabia

Ijmal LLC, a rising real-estate investment flagship of the Kingdom, has announced that it has hired Shariyah Review Bureau (SRB), to help achieve Sharia Compliance in all its business activities. In this role, SRB will lead and oversee the company’s Sharia compliant operations with global standards. Ijmal was incorporated in 2014 by Al Deghaither Group, […]

Russian based IBFD Fund signs with SRB

August 2015 | Russia

Shariyah Review Bureau (SRB), one of the world’s leading Shari’a Advisory companies, has signed a strategic partnership with Islamic Business and Finance Development Fund (IBFD Fund), a leading Russian organization dedicated to the development of Islamic Finance, bilateral economic and business relationships between Russia and OIC countries, to become its Official Sharia Advisory Partner. Under […]

New Finance to offer Islamic financial products

June 2015 | Kazakhstan

New Finance, a Kazakhstan based first Islamic microfinance (SME financing) company today said that it had selected Sharia Review Bureau (SRB) to transform, certify and oversee a number of its Sharia compliant product and operations. The Bahrain-based Sharia Advisory services provider will supervise the Islamic operations to support New Finance’s Sharia product strategy. Areas that […]

ADIF to establish Kazakhstan as Islamic hub

May 2015 | Kazakhstan

The Association for Development of Islamic Finance (ADIF) today announced the signing of memorandum on cooperation with Shariyah Review Bureau (SRB). ADIF solely supported by National Bank of Republic of Kazakhstan (NBRK), is responsible for promoting, enhancing and maintaining the Islamic financial sector and cooperation with investors from GCC and South East Asia. The agreement […]

GIH Expands Islamic Funds into the Kingdom

May 2015 | Saudi Arabia

Global Investment House Saudia (Global Saudi), a wholly owned subsidiary of Global Investment House – Kuwait (Global) offering asset management and investment banking services in the Kingdom, has assigned Shari’a Advisory firm Shariyah Review Bureau (SRB) to oversee its Islamic Shari’a compliant real-estate fund in line with global standards. Global is a leading Kuwait based […]

SRB launches “Verify Shari’a Certificate” tool

April 2015 | Bahrain

Shariyah Review Bureau (SRB) today announced the launch of its new Certificate (fatwa) verification engine to provide customers, investors and its expanding portfolio of institutional clients with real-time visibility to Shari’a compliance health and status of their potential investments. Available globally to all investors to whom SRB’s Shari’a Certificates are presented, the new verification experience […]

Optimizing Shari’a Audit for SEDCO Capital

April 2015 | Saudi Arabia

SEDCO Capital, a leading provider of Shari’a compliant investment solutions, today announced assigning the External Shari’a Audit of its $160 million real estate funds to Shariyah Review Bureau (SRB). The two funds which SRB will be periodically auditing the implementation of the Shari’a h guidelines are SEDCO Capital Partners Group Opportunities Fund and SEDCO Capital […]

Certifying the first Islamic ETF on NYSE

April 2015 | USA

US based Falah Capital, is pleased to announced that its flagship Islamic exchange traded fund (Ticker: FIA)- certified for Shari’a compliance by Shariyah Review Bureau – has successfully listed on the New York Stock Exchange and has been trading efficiently since Oct 2nd . The ETF has so far produced a return of -1.29% and […]

Ashmore leads expansion in the Middle East

March 2015 | Saudi Arabia

Having received the Saudi license from Capital Market Authority in 2014, Ashmore has signed up with the Shariyah Review Bureau to supervise and manage the Shari’a Advisory requirements of its Islamic investments and debt proposition. The London-based Investment Manager specialising in global emerging markets is boosting its expansion in Saudi with a series of Shari’a […]

DAE expands Shari’a Compliant offerings

February 2015 | Saudi Arabia

Dar Al Etiman, the financial arm of Saudi based Universal Motors Agencies (General Motors Dealers) today announced the assignment of Shariyah Review Bureau (SRB) to supervise its upcoming Shari’a compliant products as it looks to expand its offerings in the region. Dar Al Etiman, which has been in operation since 2007 includes 170 people who […]

PayTabs goes Shari’a compliant with SRB

January 2015 | Bahrain

PayTabs, a rising star of the Middle East dedicated to providing hassle free online payment solutions for SME’s has hired Shariyah Review Bureau (SRB) to help run its business in a Shari’a compliant way. The online payment solution, first of its kind in the GCC, is aimed at addressing the needs of the smallest entrepreneurs […]

Game-Changing strategy for Kifah’s financial arm

January 2015 | Saudi Arabia

Tamweel for trading & Installment Company (TTIC) assigns Shariyah Review Bureau as it ambitiously looks at accelerating Shari’a compliant products and growth for its Islamic consumers. TTIC, one of the Kingdom’s leading financial services providers, today announced that it has signed an agreement with Shariyah Review Bureau (SRB), a global Shari’a Advisory firm focused on […]

Tamwily meets Shari’a Compliant demands

December 2014 | Saudi Arabia

Tamwily and Shariyah Review Bureau (SRB) finalized today a Shari’a Advisory partnership agreement covering Shari’a supervision, monitoring and Shari’a Supervisory Audit. The agreement comes as Tamwily seeks to integrate Shari’a compliance in its offerings to customers as well as high value added Shari’a assurance to all clients for whom dealings in congruence to their faith […]

Shari’a compliant roads for Al Istithmar

November 2014 | Saudi Arabia

One of the Kingdom’s top investment firms, Alistithmar Capital, has hired Shariyah Review Bureau (SRB) as its Shari’a Advisor to manage its high-volume Shari’a compliance work such as reviewing agreements, certifying funds, and performing Shari’a Audit on pertinent corporate and public assignments. “Following the extraordinary performance of the Saudi Islamic market in recent years, it […]

Shariyah advisory marks a decade of service

October 2014 | Bahrain

Shariyah Review Bureau (SRB) is celebrating its 10th anniversary, considered as one of the hallmarks of the Shari’a Advisory profession. Mr. Yasser Dahlawi first established the firm 10 years ago, and in the last five years, SRB has intensified its dedication to serving clients by providing unlimited Shari’a consultation, Certification (Fatawa), Islamic industry jurisprudential foresight, […]

Developing Community Projects in Azerbaijan

August 2014 | Azerbaijan

The International Bank of Azerbaijan (IBAR), the biggest bank in Azerbaijan managing more than 35% of total banking assets in the country, today announced the signing of a Shari’a Supervisory agreement with Shariyah Review Bureau (SRB), a leading global Shari’a Advisory firm. IBAR has a history of successful Shari’a compliant investments in a variety of […]

Transforming Tharawat Investment House

July 2014 | Bahrain

Tharawat, a Bahraini based Islamic Investment firm with prime focus on industrial, agricultural, and services sectors today announces the assigning of Shariyah Review Bureau (SRB) to handle the Shari’a Supervisory Board role for Tharawat. The agreement brings together SRB’s expansive role in establishing Shari’a Boards while directly handling Shari’a Certification, Advisory and Shari’a Audit scale […]

Canada grows Islamic Agricultural Fund

June 2014 | Canada

AGInvest Properties, a Canadian firm dedicated to helping investors diversify their portfolios with class 1 and 2 prime farmlands in Canada, announced today that it has entered into a Shari’a Advisory agreement with Shariyah Review Bureau. AGInvest currently owns and manages a vast array of farmland across Ontario. Aside from operating high-grade farm real-estate, AGInvest […]

Building Green Energy with Shari’a Compliance

June 2014 | United Kingdom

Simply Sharia Ltd today launched a green energy scheme set to deliver significant benefits to investors by selling government-backed green energy certificates and electricity to the grid. UK based Simply Sharia, a firm of Independent Financial Advisors dedicated to the provision of Sharia compliant financial solutions, will take a leading role in the scheme – […]

Shari’a Board effectiveness for Investrade

May 2014 | Bahrain

Outsourcing Shari’a Supervisory Board roles to Shariyah Review Bureau (SRB) has been picking up sweet momentum in the recent past. Their compelling value proposition of having direct access to scholarly experts with reduced costs, at a time when major economies and growth in businesses are uncertain in their outputs, have only accelerated the adoption of […]

Jump-starting Islamic innovation for Mulkia

May 2014 | Saudi Arabia

Mulkia Investment announced today the signing agreement with Shariyah Review Bureau (SRB) to handle and supervise its Shari’a compliant investments and to support Mulkia’s broader Islamic funds transformation strategy. Licensed by the Capital Market Authority (CMA), and headquartered in Riyadh, Mulkia operates Shari’a compliant asset management, corporate finance, and investment services tailored to suit the […]

Focus on Islamic Credit Card for Credi Max

May 2014 | Bahrain

Bahrain based CrediMax today announced the launch of their Sharia compliant credit cards called “Tayseer”. It has assigned Shariyah Review Bureau to ensure the structure and workings of its Islamic Cards are in compliance to Shari’a. With 10 years of experience, Shariyah Review Bureau has become a global leader in helping businesses worldwide achieve Shari’a […]

Outsourcing Shari’a helps Swicorp focus on Funds

April 2014 | Saudi Arabia

Swicorp a leading financial services provider of investment banking, private equity and asset management in the Middle East and North Africa announces the assignment of Shariyah Review Bureau (SRB) as its Shari’a Advisor to guide and supervise its upcoming Shari’a compliant Funds. Licensed by the Dubai Financial Services Authority and the Saudi Capital Market Authority, […]

Building a winning ETF for US based Falah

April 2014 | USA

Falah Capital, a rising investment group located in the US, is pleased to announce that it will be launching its first in a series of Shari’a compliant index funds. These will be structured as Islamic ETFs that will match the requirements of specific institutional and individual investors. They have assigned Shariyah Review Bureau to ensure […]

Boosting Treedom with Islamic Product

February 2014 | Hong Kong

Treedom Hong Kong, a leader in socially responsible and sustainable investments, announced today that it has assigned Shariyah Review Bureau ( SRB ), a global Shari’a Advisory firm to review, certify and oversee the Shari’a Compliance of the Impact Saving Plan. Mr. Antony Bell, International Business Development Manager at Treedom said, ” Shariyah Review Bureau […]

Reuter Empowers Markets with Islamic Contracts

February 2014 | Bahrain

Shariyah Review Bureau has announced its collaboration with Thomson Reuters in the initiation of Thomson Reuters latest proposition to facilitate the accessibility of the Islamic finance industry to anyone anywhere with its newly introduced solution for the Islamic markets – Zawya Islamic. The new initiative aims to provide all subscribers worldwide access to the most […]

Anfaal Pumps Shari’a Compliance Output

January 2014 | Saudi Arabia

Saudia’s leading investment banking and asset management firm Anfaal Capital, today announced the outsourcing of the Shari’a Supervisory function to Shariyah Review Bureau (SRB). As the new Shari’a Advisor, SRB will oversee and supervise the firms Shari’a Compliance needs from Product structuring to Fatwa issuing, and from stock screening to periodical Shari’a Audits. Mr. Ahmed […]

FWE builds Islamic Fund strategy

December 2013 | United Kingdom

Shariyah Review Bureau (SRB), a leading Shari’a Advisory firm, announced that it has been assigned by SCS Farmland Ltd (SCS) headquartered in the UK to supervise the Shari’a Compliance process of its upcoming SCS Farmland Investment Program. Recognized for their extensive expertise in assisting clients from around the world to create and govern Shari’a Certified […]

Boosting workforce productivity with AMS

October 2013 | Bahrain

Shariyah Review Bureau (SRB) announces the completion of its “Activity Management System” with Red Secure. The solution, which has been developed after 10 months of ground work with each department of SRB, has been successfully integrated into their working system. The AMS will provide Client and Employee solutions and guidance to SRB so as to […]

Reviewing a major Islamic Financial Qualification

August 2013 | Lebanon

To coordinate the push towards new Islamic markets, Islamic Finance Qualification (IFQ) Arabic Edition 5 will be released soon. Shariyah Review Bureau, the world’s leading independent Shari’a Advisory firm was assigned to review and validate the Arabic Workbook’s content in light of AAOIFI Shari’a standards. “As a Shari’a Certification body, majorly serving the financial sectors […]

High-performance Shari’a culture for Wataniya

July 2013 | Saudi Arabia

Saudi leading Cooperative Insurance firm Wataniya Insurance Company, announced today the commissioning of Shariyah Review Bureau (SRB) as their Sharia advisor. Shariyah Review Bureau will oversee and supervise the company’s Shari’a Compliance needs from Product structuring to Certification, and from Investments to periodical Shari’a reviews. Abboud Mardini of Wataniya Insurance Company said “With their significant […]

Sweet new Program with Simply Shari’a

April 2013 | United Kingdom

Simply Sharia Human Capital (SSHC) is delighted to offer the Islamic Finance Qualification (IFQ) in collaboration with prominent Gulf-based Sharia Advisors, Shariyah Review Bureau (SRB). The SSHC-SRB partnership will deliver the internationally recognised and UK-certified IFQ across the Gulf region. The Training Qualification is a ground-breaking foundation course, which equips students with a practical understanding […]

Switzerland company goes Shari’a Compliant

March 2013 | Switzerland

Safa Investment Services received this week its official certification for Sharia compliance from Shariyah Review Bureau. It makes Safa Investment Services the first Islamic global asset management business in the world. Safa’s founder, John A. Sandwick, said, “While many banks create and manage individual Sharia-compliant investment products, there is no other global asset manager in […]

Khonji Constructs best-in-class Products

February 2013 | Oman

Al Khonji Real Estate & Development (Aqar) signed today that it has hired the services of Shariyah Review Bureau (SRB), a leading international Shari’a Advisory firm to advice and supervise its future course of actions and transactions in light of Shari’a principles. [Mohamed Al Khonji – Chairman/CEO] said that it has decided to spread its […]

Vision Investment sparks Islamic GCC Equity Fund

February 2013 | Oman

Investment Vision, a premier investment company offering wide array of Asset Management and Trading services has announced the launch of the first ever Shari’a Compliant GCC Equity Fund in the Sultanate of Oman. Interest in Islamic Finance has gained a lot of momentum in Oman in under 2 years. More and more investors, in accord […]