Advisory works Full

Building the next horizon of P2P asset class

P2P Financing: Raqamyah

The growth of sustainable P2P financing has brought this crowd-funding technology at the core of a financial revolution. Not surprisingly, these platforms have fast become a source of highly attractive long-term revenues. It’s with this in mind that Raqamyah is helping Islamic funders capture this opportunity in the Kingdom of Saudi Arabia.

Here’s what they are planning to do.

They’re securing the financial technology that can help bring funding solutions to SMEs directly from funders. The platform will act as an intermediary providing an online marketplace to the Peer to Peer participants looking for sustainable funding criteria. By managing rich specialized SME assets with large-scale opportunities via its algorithmic based credit assessment and risk profiling techniques, Raqamyah is seeking to help both parties at the end of the capital spectrum create an ambient experience. Progress in all areas of development is accelerating, and we are at a seminal moment of certifying this inspiring platform.

Today, more and more institutions and governments are realizing the value of P2P asset classes. The opportunities are even greater when we harness the powers of Commodity Murabaha to make them available to the broader community of Sharia compliant funders. Imagine what we could do if we work together and use this asset class to expand cost-effective FinTech solutions to SME’s worldwide!

Soon, the spin-off effects will appear on the horizon, and we hope to bring this revolution to more funding’s around the world!

Shaping the future of Oil Markets

Investment in Oil fields: PermianChain

Tokenizing oil reserves is well positioned for shaping the future of investments. Today, blockchain applications not only allow the transfer of price for physical reserves as digital rights with investment grade value. But the crypto-economic model can also give us a chance to help preserve our world’s undeveloped oil by monetizing its supply.

In an exciting new project certified by us today, we’ve partnered with PermainChain to bring you a Sharia compliant crypto asset-class, the Permian Token — backed by the price of proven oil reserves around the world. Our Sharia advisory work became a means of expression and activism against the “front-end fee” structure which plagues the world of oil investments. We see the ability to directly crowdfund equity solutions for oil exploration & production companies and help them meet working capital requirements using blockchain as a wealth preservation opportunity for Islamic investors. The project is also designed to reduce the broker-fee culture, fraud, error, and otherwise compromised transactions.

Permian Token is a chance to break out from the traditional way of investing in oilfields and redesigning the model for the future – and the U.S. oil market will be its first gateway with plans underway for full-scale global expansion.

We can’t predict the kinds of opportunities such Tokenization projects might showcase few years from now, but we do know the contribution of Permian Token will unlock a wealth of potential for investors in the oil market of the future!

Scaling up trading opportunities in cryptocurrencies

Cryptocurrency Exchange: Rain

Financial assets big and small, simple and complex, equitable and debt-inducing, have all started out as ideas. With the introduction of assets like cryptocurrencies, businesses are seeking regulated enterprises as a critical step towards customer engagement. Downloading unregulated apps sometimes means sourcing the buy, sell and store of your digital currencies from multiple locations—not all of them trusted. But a digital exchange regulated by a central authority can change the game!

RAIN – the first digital exchange of its kind in GCC – has built a crypto-trading platform that makes it easier for customers to buy, sell and trade Bitcoin along with other digital assets. To win global support for its ownership, security and trust they’ve got themselves regulated by the Central Bank of Bahrain; with further follow-ups to regional jurisdiction compliances. That’s why we’re thrilled to be working with them as their Sharia Advisor. By combining RAIN’s mobility, brokerage and custodian tools with our supervisory assurance, we’re creating one place to trade, save and manage your financial digital assets – in a Sharia compliant way!

Working with RAIN, our goal is to help individuals, enterprises and family offices easily trade on a regulated and Sharia compliant crypto-exchange and streamline the purchase, entitlement and sale of these assets. We hope this collaboration simplifies crypto-management for you and helps unlock additional financial value.

Ready to kick things off? You can jump right over to RAIN’s app and start trading financial assets for yourself.

Experience the New Digital Sukuk

Blockchain Technology:  Wethaq

The beauty and power of Sukuk lives in the details. You can only fully appreciate the genius of these structures when you get a chance to work closely in bringing the masterpiece together. But as you step back, you wonder how effective and costly is it to make the complex technical parties work together. You need time, specialized banking institutions and expensive lawyers, and only few entities in the region can do the job. But all that is about to change!

Wethaq is an automated application, custom-built to help companies create, issue and settle Sukuks faster and more easily. A proprietary platform system steers the information automatically from detail to detail, taking key information on the underlying investment. To make sure the focus is right, the application is equipped with smart contracts and settlement framework which helps remove the need for traditional custodians to measure the payments against the units. Once each detail is captured, the hyper-ledger takes all the information, like a jigsaw, stitches the protocol together into one single Sukuk.

Looking to the future, Wethaq has taken a big step to reduce the impact of multi-party functions such as custodians, registrars and issuers. Today, they’re taking the next step by assigning us as their Sharia Advisor to ensure that its Sukuk documents, blockchain protocol, and settlement framework are Sharia compliant.

With a Wethaq-enabled platform, you’ll be able to issue, list, settle and purchase a Sukuk with a software in your laptop. The best part is that you don’t have to spend hundreds of thousands in setting up and bringing together the different parties. In the future, we hope Wethaq can help you navigate all the above and more, with an app in your pocket. The implications for their victory are, literally, game changing—and the ultimate winner will be the investors.

We hope  you’ll love experiencing the digital Sukuk masterpiece in close detail!

Building a Virtual Journey of Wealth Preservation   

Artificial Intelligence and Fintech: X8 Currency

We’ve always aimed to build products that improve investment opportunities for as many people as possible. For example, few months back we introduced the first Sharia compliant blockchain Protocol which allowed users to experience the movement of money quickly, reliably, and at almost no cost. Since then everyone from blockchain lovers and cryptocurrencies issuers, to digital exchanges have been approaching us seeking Sharia compliance — often for the very first time.

One such entity inspiring to illuminate the world of ‘value preservation’ is Switzerland based X8 Currency. Their portfolio is driven by financial Artificial Intelligence (AI) which provides people with an easy Token artifact for their investments. Powered by advanced applications the portfolio works on a 100% asset backed reserves of eight major fiat currencies like US Dollar, Japanese Yen, Canadian Dollar and gold coins. What we admire about X8 is that it has been built in direct response to conversations with Asset Managers seeking to preserve value and create price stability, as well as automated reserves and visibility metrics. Keep your eyes peeled as we help roll out the Sharia compliant version of X8 with creative, secure and stable experiences.

From initial coin offerings to finishing protocols, we help your products stay true to the pulse of your design. By staying focused on the needs, demands and wishes of the people and institutions for whom you’re developing the products.

We remain excited in inspiring the financial world and shaping new futures with Islamic products build for everyone!

Tokenizing the Heritage of Luxury Real-Estate Investments

Digital Assets: EIT Investments

The history of real-estate investments is global. But until recently, the act of tokenizing these investments into digital assets has been limited in scale. But with EIT Investments, it’s soon going to be just a few clicks away. Today, they received the Sharia Certification for their luxury hotel real-estate program and they are now developing the Tokenization of their first 20 investments in hotels so that you can buy their digital artifacts no matter where you are.

EIT’s block-chain technology will allow you to digitally securitize your investments in the famous suites and grand rooms of luxury hotel real-estates from Palazzo Versace Dubai, to Park Plaza Hotel in Westminster to The Dolder Grand in Switzerland.. From asset backed sales to secured rental yields, we expect, EIT’s Tokens to help reach new investors and inspire them with digital assets. And the possibilities will keep expanding with the addition of newer exchanges which allow the sale of such Tokens on secondary e-markets.

Digitalized Tokens will never replace the real thing. But block-chain technology will open up new application of investments to everyone, and to offer such opportunities in a Sharia compliant manner, we think is a powerful thing. We hope you get a chance to explore the diverse heritage of hotel investment in Sharia compliant Tokenized way!

The Invisible Revolution

Device Repair Warranty:  Commit Device Protection Holdings

Whether it’s repairing the screen of your mobile phone, replacing hunks of metal, or re-aligning its wires, millions of requests under repair warranty are made every day. But few people think about how the repair logistic agreements actually works. Because these contracts typically aren’t much to look at, people usually don’t learn about the incredible arrangements which make so much of modern day mobile devices repair possible.

To begin to change that, we signed up with CDP Holdings with a Sharia Advisory partnership to understand a bit of the magic from the inside of their warranty plans to the outside. So today, after having reviewed there protection program and processes, we’re certifying their plan, a different kind of Sharia compliant warranty with a new way of protection. Instead of insurance like connections, CDP will give you service based protection that’s fast, safe, and reliable.

We’re really excited to see how this plan can help reinvent repair warranties for smartphone brands and take the frustration out of repair and warranty together.

Here’s to CDP for bringing speed, security and Sharia compliance in the warranty you want, without the frustrations you don’t.

Connecting Banks, Payment Systems and People

Blockchain Protocol: Stellar Network

As a Sharia Advisor, it’s always humbling when you encounter a perfect investment opportunity. Shari’a compliant design attract our attention with its simplicity, is universally understood by investors, and does not sacrifice returns with large agency fees.

Today, Stellar gave us one such perfect piece – through its platform that connects banks, payments systems, and people. With a distributed network of global servers Stellar allows the movement of money quickly, reliably, and at almost no cost. It helps you create and design a new set of business environment through a specialized native asset known as Lumen. For example, Lumen can help your investment navigate from one side of the country to the other, transfer units with investors instantaneously, or even offer incremental payment options to customers. The best part is that you don’t have to pay huge sums to manage your accounts. You can visit the Sharia guidelines we designed for Stellar here.

We expect Stellar to become an international obsession in the Islamic financial markets.  All in all, we built our Shari’a Advisory platform to help make such amazing experiences possible in the Islamic industry, but the investments that you can build on Stellar is what will truly make Sharia compliance come alive.

We can’t wait to see what you will build on Stellar!

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

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