Advisory works Full

Driving the future of employees income management

Fintech: FlexxPay

The future of employee engagement may well lie in managing the financial wellness of employees. The ability to integrate technology with smart income concepts that gives employees a degree of flexibility in receiving their earned salaries and commissions whenever needed will help companies increase productivity, boost retention, and remove workload from human resources teams.

That’s why today, we’re unveiling our latest Sharia advisory engagement—one that gives voice to the pay frequency problem and offers access to income that has already been earned, anytime, instantly. It’s called FlexxPay. With an instant and dynamic income payment platform, this cloud-based solution models around assisting your company’s biggest asset … your employees! To help them attain Sharia compliance we started our review process with the entry point of the SaaS terms and facilities management for both companies and employees. Other factors for certification included banking facility image, advance payment terms, re-imbursement policies, and transfer fees. With an entrepreneurial spirit we now look forward to auditing FlexxPay to ensure the financial security at the heart of this technology remains Sharia compliant.

We hope our engagement with FlexxPay helps capture new income programs focused on uplifting the future of employees!

Experience the new era of robo-advisory

Robo-advisory: Wahed Invest

Since the dawn of robo-advisory, only a few thousand people have experienced Sharia compliant low-cost equity investments firsthand. But there have been moments that captured the investor’s imagination and challenged the high fee-bound perspective. Of the many endeavors that made headlines, one of the most prolific firms has been Wahed Invest, with its Head Quarters in New York.

Wahed has been successful in creating a reliable, transparent, and most importantly, accessible retail instrument of all time. The data they collect has deepened understanding of Sharia compliant investment universe—from the edge of Brazil to the border of Australia—and the accessibility provided has brought the startling experience of low-cost equities to Islamic retail investors around the world. Today, on the 5th anniversary of Wahed’s launch, they’ve teamed up with us to manage their Sharia compliance like never before. We’ve been assigned to supervise their client investment agreements, equity universe, ETF’s, Islamic index funds, and virtual advisory terms.

As we enter a new era of low-cost Halal investments —we hope Wahed’s efforts and our Sharia supervisory role demonstrates the remarkable progress robo-advisory is making toward unlocking opportunities for retail investors, and how much farther we can go together.

Now that you’re better informed on how Wahed can help unlock new opportunities, get out there and experience the new dawn of low-cost investments yourself!

Trading digital assets in a faster, simpler, and easier way

Digital Assets: CoinMENA

Whether it’s buying digital assets, exchanging fiat classes with cryptos, or trading tokens, the CoinMENA team has been mastering this process to help you buy, sell and hold digital assets in a faster and simpler way.

CoinMENA helps you trade digital assets using local currency through specialized apps and systems. Some functions such as overlay withdrawals, for both fiat and digital currencies, are manually processed for compliance while suspicious activities are halted and flagged to the regulatory body. Today they’ve taken the next step by getting their assets and trading services certified by us in light of Sharia principles. We are thrilled to have studied their systems and trading methodology to help them attain Sharia compliance. For us, the most significant aspect of their platform isn’t just an “expert” system built with hand-crafted rules; instead it uses advance digital techniques to make the brokerage and custodian facility easier for the end-user.

So, whether you’re experimenting, professionally trading, or arbitrating digital tokens, CoinMENA can help make your experience faster, simpler, and easier.

Dawn of the New Blockchain Ecosystem

Permissionless Blockchain: Algorand

Algorand is a ground breaking blockchain with the power to settle transactions in a few seconds…one that is publicly available for anyone to audit, use, and build their transactions upon.

Today, they are celebrating our certification of their Dutch auctioning mechanism and consensus algorithm. Our approval will allow entrepreneurs, small businesses and large banks seeking applications that are compliant with Sharia finance guidelines to celebrate the platform together by developing new products across this canvas. But the celebration doesn’t end there. While the platform processes its algorithmic smart-contracts on who owns which digital assets in a faster, cheaper and easier way. What truly sets Algorand apart is its ability to allow individuals to create, build and grow new ecosystems based on ownership records made public by the blockchain. Simply put, you can create your own applications that are compliant with Sharia finance guidelines side-by-side with others from around the world in this permissionless blockchain.

We want to inspire a new generation of individuals and institutions around the world to think and design investment solutions in a manner that is compliant with Sharia finance guidelines to help unlock new business opportunities that did not exist before. We’re excited to be able to extend the celebration and give you a new way to share your ideas.

The best way to experience this canvas is to discover it for yourself.

Hope to see you at Algorand!

*A blockchain is permissionless if anyone is able to join. Algorand is a permissionless blockchain that requires minimal computational power to join. All users who possess Algos, and are online, are automatically eligible to participate in block consensus.  A blockchain is permissioned if joining and participating requires proper authorization.

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!

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