Yielders, a London-based startup, has become the first UK FinTech company to receive Sharia Compliance Certification.
Becoming fully Sharia certified allows Yielders, an equity-based property crowdfunding platform, to operate across Asia, Europe and the Middle East. Yielders, which is also compliant with FCA regulation, offers the public the opportunity to invest as little as £100 towards buying a share of a crowdfunded property.
The Sharia compliance process was fully managed by UK International Finance Corporation (IFC) who undertook their own internal reviews and engaged scholars as independent experts.
Irfan Khan, founder of Yielders, said: “We are delighted to be the first UK FinTech company to be Sharia certified. While it says much about our business ethos and ethics, it also demonstrates our place as a dynamic player in the UK Islamic finance sector. We are dedicated to what we do and to be recognised as doing so in a responsible and ethical way that will allow us to reach potential investors for whom this is important too.”
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