Offa, a UK-based Islamic property finance Fintech, has acquired Bank of Ireland’s Alburaq Sharia-compliant home finance portfolio in a deal including over 350 home purchase plans. The deal means that the customers transferred over to Offa will reportedly have access to a broader “range of… Read More
Blockchain ecosystem IOTA has been recognized as being Shari’a-compliant. According to a note from IOTA, the Cambridge Institute of Islamic Finance’s certification states that the IOTA token fulfills all accepted Shari’a principles and standards, including those practiced by the Islamic financial services industry. IOTA reports… Read More
OneGram announced at Consenus this week the world’s first Sharia-compliant, gold-backed digital currency. The company also announced details for its “OGC” token crowdsale which will begin at the onset of Ramadan. The Initial Coin Offer (ICO) will continue for 120 days. OneGram seeks to raise… Read More
Yielders, and Islamic crowdfunding investment property platform, is out with a note saying non-Muslims now make-up over a third of users on the site. Yielders is a UK-based Fintech platform that offers ethical and Sharia compliant property investment through crowdfunding. The company said that a growing… Read More
The spirit of entrepreneurship has always been a part of Islam. Nine out of ten companions of Prophet Muhammad (pbuh) who were guaranteed heaven were businessmen. Today, entrepreneurs continue to be a driving force of the economy. The lack of financial support for small and… Read More
Shariah-compliant crowdfunding platform Ethis hopes to raise up to S$ 1 million from executives participating in the Global Islamic Finance Forum (GIFF) being held in Kuala Lumpur May 10-12, 2016. EthisCrowd.com claims the title of the world’s first real estate Islamic crowdfunding platform. Based in… Read More
Clyde & Co, an international law firm operating mainly in the MENA region, states it has advised Beehive on its Sharia certification. Beehive announced the receipt of its certification earlier this week. The peer to peer lending platform received approval by the Shariyah Review Bureau (SRB). The certification… Read More
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