Advisory works Full

Imagine, explore and re-invent your future saving plans

Takaful Company: T’azur

The future of savings may well lie in people creating, imagining and exploring their own opportunities with Islamic finance—and perhaps most important of all, having fun while making their plans! Over the years, we’ve worked closely with institutions to build programs through mutual funds, ETF’s, and even vertical farming with a very friendly touch. Today, we’re unveiling our latest engagement—one that gives voice to your retirement plans and transforms savings into the future. It’s called t’azur.

With t’azur, individuals and corporate firms can narrate their own savings and retirement adventures, make legacy pots, and build protection benefits. Their Takaful policies are like an investment engine but with enormous wealth of knowledge, expertise and a research lab of financial investments to help inspire your savings and protection. Our objective is to create a Shari’a Supervisory Board and manage their policy structuring, and Shari’a supervisory functions.

Whether you dream of leaving a professional legacy for your family, a private saver, or just want to explore the boundaries of Islamic financial protection. We hope t’azur will empower you to imagine, explore and re-invent your future. We’re delighted to be at the heart of this opportunity and look forward to working together with them to increase innovation in the Islamic insurance industry and shape its future.

Designing instruments as catalysts of growth and stability

Real-Estate Refinancing Company: Saudi Real Estate Refinance Company

For the last ten years, financial institutions in Saudi Arabia have been looking out for better Islamic refinancing opportunities in the Kingdom’s housing sector.

Today, opportunities to access liquidity and enhance balance sheet capacity got a little bit closer. Team SRC*, a team made of financial engineers, international consultants and lawyers, are working with us to secure Sharia compliant instruments for refinancing their mortgage portfolios. In one of the instruments we’ve designed jointly, SRC will hitch the portfolio of real-estate contracts using specially designed agreements for offloading existing portfolios; once the originator is released from ownership and associated risks a price will be paid to him for the asset, SRC will then retain the originator to navigate the servicing contracts with the lessees for a separate fee.

By freeing up the balance sheets of financial institutions, the newly designed Islamic refinancing instruments are expected to engage as catalysts of growth and stability for Islamic banks, mortgage finance companies and real-estate originators in the Kingdom – and by extension to the rest of the region.

So, congratulations to SRC for reaching this stage, and best of luck for the years to come!

*Saudi Real Estate Refinance Company

Next Generation of Sharia Audit Solutions

Banks: Eskan Bank

As a financial institute, you juggle different functions throughout the day—a Sharia reviewer for internal examination, a shared officer for coordination and secretarial work, and an intelligent Sharia Auditor for supervising records. In an inspiring trend, we’ve begun to replace the need for those various functions to be managed internally—what you manage with different departments can now be done at a single platform. Through our services, we try to help these possibilities come to life.

Today our services are used for by financial institutions who collectively manage millions worth of assets under management. One such pioneer is Eskan Bank for whom these are services of choice because of their superfast review, extreme responsiveness and low Sharia Audit cost – and as part of the new generation requirements they are designed to adapt to the many ways Eskan performs, develops and grows in the Kingdom.

We believe in the power of outsourcing to help banks like Eskan focus on their business priorities and do what they do best in the way they find most effective. And we’ll continue to work with financial institutions to help support the important work they do every day.

So, here’s to the next generation of Sharia audit solutions!

Opportunities that keep flowing

Investment Company: Old Mutual

The best Sharia compliant investments are meant to just flow: you barely have to understand the structure, follow-up with anyone on the returns and get expert advice on the nature of risks involved. This is how the people behind OM African Agriculture Fund want to help investors stay in the moment, no matter what asset class they’re looking for or how they’re measuring Sharia risks. They’ve been hard at work on making this investment strategy faster, simpler, and easier for Islamic Investors.

We’ve been obsessively at work with their business team to make their Fund Sharia compliant and more reliable in its Islamic financial modality. And today, we’re releasing their Sharia Certificate, with a fresh new approach and features that make it even easier for Sharia compliant investor to understand the mechanism.

We hope you enjoy the new opportunity. And we look forward to keeping such investments flowing!

Introducing the New World of P2P Financing  

Peer to Peer Lending:  Beehive Group

It’s hard to think of a more important secondary source of capital in the world than the recent developments in Peer to Peer financing. At its best, the P2P is communicating power to the people, connecting businesses to societies, and allowing enterprises to create informed financial decisions. In the past decade, better technology and an open financial landscape has led to a revolution in how financing transactions are created, invested, and distributed. And given our mission to make Sharia Advisory services accessible and useful everywhere, we want to help ensure that this innovation leads and benefits the world of Islamic finance.

That’s why we’re working with Beehive P2P Ltd, in their new effort as a regulated entity at DFSA (Dubai Financial Service Authority) to empower financial innovation at the intersection of Sharia compliance and technology. We’re tackling this in three ways: by setting up a dedicated Sharia Board comprising of 3 scholars to meet DFSA’s regulatory requirements; by providing helpful Sharia review analysis in the hands of Beehive’s product development team; and through periodical Sharia Audits designed to ensure implementation of Sharia guidelines on some of the biggest opportunities that exist for Beehive’s Islamic Platform today.

We have worked with Beehive’s brilliant technology and platform that is spectacularly empowering the world of Islamic investment and businesses. We see their work as a global effort, with demand for their services in the GCC, Asia, Europe and beyond.

As the financing landscape continues to evolve, we believe we can create a more informed world of enterprises if technologists and financial institutes work together—and we at SRB are excited to be part of the effort.

Bringing new businesses to life

Islamic Wholesale Bank: Bank of Khartoum International

Every journey we take with our clients is unique. The products, services and business lines we certify and oversee tells us a great deal about who our clients are and what they care about.

One such inspiring client is BOK International who has recently outsourced its Sharia Advisory Committee to us. The Bank takes pride of 100 years of service to the people of Sudan with offices in 3 countries around the world. In a series of fascinating product reviews and investment certifications, we’re learning more about the origins of Islamic Financial movement in the country. We’re also beginning to see how they are customizing business lines in Bahrain to revitalize your Islamic banking experience. With trending insights in the world of wholesale banking BOKI is seeking to gain traction across the Kingdom, getting deeper into capabilities you truly care about and services that bring news businesses to life.

No matter what your business is, we hope you’ll explore the growing trend of outsourced Shari’a Advisory services and help shape the future of the field.

We are happy to have you continue to share this journey with us!

Speeding-up Opportunities for Investors

Express Certification: Shariyah Review Bureau

Every time certification of a product takes too long, institutions lose an investor — and the opportunity to earn revenue and loyalty of an exciting deal.

Today, after discussions with institutions and Islamic investment companies around the world, we’re announcing a new initiative called Sharia Express Service, which aims to turnaround you product review in as little as 2 hours. By creating a wide-network of 31 dedicated scholars from 16 countries a new open framework has been built, which allows your products to be reviewed instantaneously – no matter what type of fund, transaction or business line you may have. We’re hoping that this service will introduce change that can profoundly and affordably impact millions for the players of the Islamic industry making Sharia compliant investment opportunities quickly available for investors.

Historically, Islamic financial institutions have relied on traditional Sharia Board structures that were often expensive, over-stretched and limited to reviewing one or two specific transactions at a time. Over time we anticipate that Islamic financial institutions will integrate this service for their time-sensitive and critical transactions.

We hope the express service will speed-up the opportunities by ensuring products are reviewed and certified faster for everyone, everywhere.

Meet the new Italian mini-bond

Legal Advisory: Nctm Studio Legale Associtao

Italian mini-bonds allow SMEs to access debt capital market and expand their investments. Similar instruments are available in other European countries like the UK, Germany, France and Norway. But what if you could explore them with a Sharia compliant touch?

With augmented returns and equity capabilities, you’ll soon be able to experience Islamic mini-bonds in a whole new way. Working with NCTM, an Italian law firm, we’ve built a listed structure, with an investment course that secures capital activity with profit sharing capabilities. By mapping future incomes of private companies, the Islamic mini-bond is expected to help investors build more efficient schedules and maximize returns.  NCTM, is releasing the Islamic mini-bonds today designed specifically for each sub-sector.

Sharia compliant investments are coming to places that you might not expect. From manufacturing companies and distributors to retailers and exporters, Italian companies will now be using the power of Sharia structures to create more visibility in entirely new business areas. This is just the beginning of how you’ll be able to use Islamic mini-bonds to help companies build businesses for the next generation.

With innovative Sharia features, we hope that businesses and investors will have a happy and productive return in the new Islamic mini-bond of Italy!

When does the Future begin?

Financial Leasing: Taajeer

When does the future begin? You may think it starts tomorrow, but for us it begins today! After all what happens tomorrow is built upon what we do today.

Since 2015, Taajeer has been preparing itself for a new world in which Islamic leasing, in whatever form, rapidly becomes the currency of choice. From enhancing competitiveness, to driving multiple models of rental programs, and, perhaps most critically, navigating through the economic structures of the machinery world of the Kingdom. Taajeer has been working hard to create immense value for customers and merchants by bringing them new, modern, enterprise-ready products.

We’ve recently signed-up with Taajeer to help bring their organization, brand and products in a Sharia compliant way into the 21st century.  Our engagement will repower an iconic segment of our markets and help shape the future of Islamic leasing.

Nowadays, Shari’a Advisory isn’t just a service useful for an Islamic financial company; Banking. Asset Management. Equipment Leasing. Payment Solutions. Sukuks. No matter what you dream of doing, our Shari’a support will help you get there. Your future — our future — is made with interactive Shari’a Advisory. Let’s do what we can to make sure that future is as bright as possible.

Let’s shape the future of Islamic finance, today!

Creative Works

In search of transformative potential

HIGH-TECH FARMING: FreshBox Farms, USA

Can technology help us grow more with less?

In an inspiring new trend, US based FreshBox Farms is showing the world that it is not only realizable but with the right ingredients it can reduce our ecological footprint on the planet. You may wish to watch the TED talk by Sonia Lo, CEO of FreshBox Farms, as she shares her bold vision for growing compact vertical farmlands for our cities.

When FreshBox Farms was first introduced to me a year ago, the idea immediately stole my heart. Beyond the practice of saving over 97% of water, to smart mechanical techniques for avoiding GMO’s and pesticides, I was captivated by the ability to “vertically” grow crops in our cities. And the idea of building incredibly compact container farms to green our cities is truly incredible. Not surprisingly, this means our vegetables don’t need to travel very far to get to our tables. Now, that’s doing more with less.

We’ve recently signed an agreement with FreshBox to help structure and manage their Investments using Islamic financial modalities. This project is a first of its Shari’a compliant kind enabling investors to participate in leasing Hydroponic Box Units – the units where the farming environment is managed and digitally controlled.

FreshBox’s new technology will not only shorten distances from agricultural production to consumption, but will change the landscape of agricultural investments, allowing cities and suburban’s to supply fresh and local produce at the highest quality – and, unlock a new perspective on the future of our cities.

Talk about doing more with less!

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