Reshaping the E-commerce payment industry
ONLINE PAYMENT: PayTabs, Bahrain
As 2015 begins, everyone at Shariyah Review Bureau (SRB) feels an incredible sense of duty and responsibility to those who depend on us to offer guidance and supervise their businesses from a Shari’a perspective. In today’s age, tailored and specialized services are a key to success for enterprises in many industries. Over the years we’ve become proficient in offering customized advice and going forward we remain determined to offer everyone precisely the service they need to be successful. Doing this naturally means facing a wide range of challenges, even within one industry.
Take PayTabs – a shining new star from Saudi, pledging a commitment to be the fastest e-commerce payment solution provider in the region. The primary goal PayTabs aims to achieve is to provide online payment solutions to fit the needs of SME’s within the region and worldwide. With PayTabs businesses can tap, connect and start receiving all payments hassle-free in just 24 hours and if businesses don’t have a website, they can still accept payments online using PayTabs – an innovative and first time feature for this region.
Our goal is to make it possible for them to operate and function their business and products in a Shari’a compliant way. We’ve been testing their structures extensively, from monetary arrangements to Visa and Master card partnership to Processing and Merchant contracts. And today we are delighted to inform that SRB has issued the first Certification of Compliance to their e-product. That means they’re beginning to roll out e-commerce solutions with a Shari’a Compliance tag to SME’s around the world.
This is still just the beginning, and while we’re excited about this first step, we look forward to working with PayTabs and bringing their amazing solutions to more businesses globally. It is for these long-term enterprises that we run SRB. We remain confident that SRB’s best days are yet to come (InshaALLAH!), and we’re honored more than ever to serve this industry.
We’re just getting started!