Saudi based Peer-to-Peer Funding Platform
Raqamyah signs with Shariyah Review Bureau
Raqamyah, the Kingdom’s Peer to Peer funding platform, announced the assignment of Shariyah Review Bureau, to manage the Sharia compliance affairs of its crowd-funding technology.
Ammar Bakheet, Founding Partner and Chief Executive Officer of Raqamyah, said, “It is high-time for the Kingdom’s financial sector to explore opportunities offered by fin-tech firms to serve the SME’s segment.” “At Raqamyah we are proactively looking to augment our capabilities in developing faster ways of connecting funders with SME’s and also enact the spectrum of SAMA’s regulations in the Kingdom.”
Speaking about Sharia compliance Mr. Ammar added, “For us, Sharia compliance is instrumental in achieving success. This proposition can help enhance Islamic values by challenging the way a financial transaction is formulated, and providing Sharia assurance to our stakeholders.”...Keep Reading