Latest news with #HalalInvesting
Zawya
29-07-2025
- Business
- Zawya
FinTech startup Tabadulat receives in-principle approval from ADGM's FSRA
Abu Dhabi, UAE: Tabadulat Limited (Tabadulat), a UAE-based Shariah-compliant investing platform registered with ADGM, the international financial centre of the UAE Capital Abu Dhabi, has received In-Principle Approval from ADGM's Financial Services Regulatory Authority (FSRA). The announcement follows the UAE cabinet's approval of its National Strategy for Islamic Finance and Halal Industry on 6 May. Under the plan, the UAE seeks to build a globally competitive national Islamic finance sector, facilitate its activities, and drive leadership in sustainable finance. Tabadulat, which is in the process of obtaining its Financial Services Permission, subject to FSRA's approval, has a committed investment of US$2.3 million. For years, Muslim investors have faced limited options when seeking truly halal investment opportunities in global markets, often relying on separate and expensive screening tools or niche local brokers. Through its advanced halal stock screener, Tabadulat will ensure that every transaction adheres to Islamic finance principles, filling a longstanding gap in halal investing. "Tabadulat will not just be a trading platform but will be a movement. We will empower Muslim investors to invest globally without compromising their faith. Tabadulat will offer its clients control, transparency, and compliance in one seamless platform," said Samy Mohamad, Co-founder of Tabadulat. Key features include: Global Market Access: Users will be able to invest in a wide range of international halal stocks across the US, Europe, GCC, Asia, and beyond. Advanced Halal Stock Screener: Every stock and ETF listed will be screened daily for Shariah compliance, allowing Muslim investors to instantly identify halal investments without relying on an external paid service. Ultra-low and Transparent Fees: Low transaction fees (starting at just 0.25%) with no hidden costs and absolutely no Riba, ensuring halal and cost-effective trades for retail investors. Advanced Portfolio Analytics: Cutting-edge tools, including a comprehensive Shariah report, at no additional cost. Built-in Zakat Calculator: Helping investors fulfill their religious obligations easily and accountant-free. With the global Islamic finance market estimated to reach US$7.5 trillion by 2028, Tabadulat's entry will come at a time of rising demand for accessible halal investing solutions. The company will adhere to the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards, the global benchmark in Islamic finance, and will be an Islamic financial business. 'Muslim investors may soon be able to trade halal stocks with peace of mind, knowing that every asset they invest in will be to the highest standards of Islamic finance,' says Ali Abdulkadir Ali, Co-founder of Tabadulat. About Tabadulat Tabadulat was founded in 2024 by Samy Mohamad (ex-Morgan Stanley) and Ali Abdulkadir Ali (formerly of Niyah and Wahed Invest), created to serve the growing demand for robust halal investing solutions. Developed for Muslim investors seeking full Shariah compliance, Tabadulat will enable halal investments in global capital markets, avoiding Riba (interest), Gharar (excessive uncertainty), Maysir (gambling), and haram sectors. Unlike conventional brokers and robo-advisors, Tabadulat will offer a unified, mobile-first platform featuring halal stock screening, access to Shariah-compliant ETFs, and real-time Shariah compliance monitoring. Stocks will be continuously reviewed, and users will be promptly notified if an asset becomes non-compliant, ensuring investments always align with Islamic principles. For media inquiries, please contact: Tabadulat
National Post
15-07-2025
- Business
- National Post
Manzil Expands Shariah-Compliant Investment Solutions to American Muslims with Alpaca
Article content NEW YORK & DALLAS — Manzil Investment Advisors LLC, an SEC-registered investment advisor and subsidiary of Manzil, a Canadian Islamic fintech startup, recently announced the launch of Manzil Invest USA, a new digital platform offering Shariah-compliant investment solutions specifically tailored for the American Muslim community. The platform is powered by a strategic partnership with Alpaca, a self-clearing broker-dealer and brokerage infrastructure API offering Shariah-compliant financial products. Article content With this launch, Manzil provides customers with access to a wide range of pre-determined halal investment strategies, furthering their mission to simplify investing and saving for Muslims across North America. Article content 'There are several million Muslims in the USA, many of whom feel excluded from the financial tools and advantages that their peers have access to,' stated Dr. Mohamad Sawwaf, Group CEO of Manzil. 'Muslims want to invest, but only about a third of the stocks in the S&P 500 are compliant with our beliefs. In the absence of a platform like Manzil Invest USA, many Muslims may sit out of the public stock market entirely.' By offering expertly managed and diversified portfolios that align with their customers' investment goals and risk tolerance, Manzil aims to remove any complexities for customers who are new to public equities. To ensure compliance with both Islamic and ethical investing principles, all securities are pre-screened by Manzil using the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards and further filtered through the American Friends Screening Committee (AFSC) criteria. Article content 'Our partnership with Manzil underscores Alpaca's commitment to fostering financial innovation and accessibility,' said Yoshi Yokokawa, CEO and Co-founder of Alpaca. 'We are excited to support Manzil's vision for inclusive finance by providing the infrastructure they need to deliver Shariah-compliant investment opportunities to millions of Muslims in the United States.' Article content Additionally, the platform provides educational resources to help users make informed financial decisions and plan for the future. Article content The Manzil Invest USA platform is now available for download in both the Apple App Store and Google Play Store. Article content About Alpaca Article content Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, fixed income, and 24/5 trading– raising over USD170 million in funding. Alpaca is backed by top-tier investors globally, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund, and Y Combinator. Article content About Manzil Article content Manzil is Canada's first AAOIFI-member Islamic FinTech company, providing Shariah-compliant mortgages, investments, wills, and savings solutions. Founded on the principles of financial justice and community empowerment, Manzil is committed to delivering inclusive, ethical financial alternatives tailored to Muslim consumers. Article content Alpaca does not make any representation that its products or services are Shariah-compliant. Customers are solely responsible for determining whether any offering meets their own Shariah requirements. Options trading is not suitable for all investors due to its inherent high risk, which can potentially result in significant losses. Please read Article content / Article content Article content Article content Article content
Khaleej Times
10-07-2025
- Business
- Khaleej Times
Binance launches world's first Shariah-compliant multi-token staking
Binance, the global blockchain ecosystem behind the world's largest cryptocurrency exchange, has launched Sharia Earn in the UAE, the first multi-token staking service that meets the principles of Islamic finance, opening new doors for halal investing globally. The Islamic finance market is over $4 trillion, yet millions of Muslims have been left out of the decentralized finance movement due to the ambiguity around religious compliance. Officially certified by Amanie Advisors, a globally recognized Sharia advisory firm, Sharia Earn seeks to address this gap. This is Binance's first entry into Islamic finance. Launching with BNB, ETH, and SOL, the platform offers a Shariah-compliant earn product that allows users to earn yield within the parameters of a Shariah-compliant earn product which has been developed in alignment with faith-based principles. Richard Teng, CEO of Binance, commented, 'Our mission has always been to create an inclusive and transparent trading environment. With this product we're empowering the Muslim community and Sharia focused investors to participate in one of the most exciting financial revolutions of our time. This is more than a product – it's a movement toward a more principled and equitable digital economy that promotes financial freedom for all.' Sharia Earn is where two financial systems meet – Islamic finance and blockchain technology. While crypto challenges traditional finance through decentralization, Islamic finance challenges it through halal guidelines – principles such as risk sharing, wealth circulation, prohibition of interest (riba) and excessive uncertainty (gharar). Certified by Amanie Advisors, the product ensures that all deployed funds are channeled into ventures and assets that are halal (permissible) under Islamic law. Available in select markets to start, this platform is a new benchmark for halal crypto investing through transparency and halal compliance. Along with the UAE, Sharia Earn will initially be available for users in the following countries: Afghanistan, Algeria, Bangladesh, Bhutan, Egypt, Indonesia, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Morocco, Nepal, Oman, India, Pakistan, Palestinian territories, Qatar, Saudi Arabia, Sri Lanka, Sudan, Tunisia, Turkey (.com), Yemen, Uzbekistan, Kyrgyzstan, Turkmenistan, Azerbaijan, and Tajikistan. This is built with underlying tech from Binance Earn's existing BNB Locked Products, and ETH Staking & SOL Staking, with the mechanics of each having been reviewed by Sharia scholars and have been deemed to be fit for Muslim users, through the purpose fit Wakala agreement.
Zawya
10-07-2025
- Business
- Zawya
Inclusivity by Design: Binance launches world's first Sharia-Compliant multi-token staking
The introduction of Sharia Earn marks a critical milestone in Binance's commitment to an inclusive financial future in line with Islamic principles. The product launches with official Sharia certification from Amanie Advisors – a globally recognized Sharia advisory firm. Sharia Earn redefines halal investing, creating value-driven passive income opportunities for billions worldwide Dubai: Binance, the global blockchain ecosystem behind the world's largest cryptocurrency exchange, has launched Sharia Earn, a game-changing product in its mission to build a more inclusive financial future in line with Islamic principles. Officially certified by Amanie Advisors, a globally recognized Sharia advisory firm, Sharia Earn is the first multi-token staking service that meets the principles of Islamic finance, opening new doors for halal investing globally. The Islamic finance market is over $4 trillion, yet millions of Muslims have been left out of the decentralized finance movement due to the ambiguity around religious compliance. Sharia Earn addresses this gap – offering a transparent, values driven way for the global Muslim community to earn passive income in crypto. This is Binance's first entry into Islamic finance and a commitment to innovation that respects cultural and spiritual values. Launching with BNB, ETH, and SOL, the platform offers a Sharia-compliant earn product that allows users to earn yield within the parameters of a Sharia-compliant earn product which has been developed in alignment with faith-based principles. Richard Teng, CEO of Binance, commented, 'Our mission has always been to create an inclusive and transparent trading environment. With this product we're empowering the Muslim community and Sharia focused investors to participate in one of the most exciting financial revolutions of our time. This is more than a product – it's a movement toward a more principled and equitable digital economy that promotes financial freedom for all.' Sharia Earn is where two financial systems meet – Islamic finance and blockchain technology. While crypto challenges traditional finance through decentralization, Islamic finance challenges it through halal guidelines – principles such as risk sharing, wealth circulation, prohibition of interest (riba) and excessive uncertainty (gharar). Certified by Amanie Advisors, the product ensures that all deployed funds are channeled into ventures and assets that are halal (permissible) under Islamic law. Available in select markets to start, this platform is a new benchmark for halal crypto investing through transparency and halal compliance. Sharia Earn will initially be available for users in the following countries: Afghanistan, Algeria, Bangladesh, Bhutan, Egypt, Indonesia, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Morocco, Nepal, Oman, India, Pakistan, Palestinian territories, Qatar, Saudi Arabia, Sri Lanka, Sudan, Tunisia, Turkey (.com), United Arab Emirates, Yemen, Uzbekistan, Kyrgyzstan, Turkmenistan, Azerbaijan, and Tajikistan. This is built with underlying tech from Binance Earn's existing BNB Locked Products, and ETH Staking & SOL Staking, with the mechanics of each having been reviewed by Sharia scholars and have been deemed to be fit for our Islamic users, through the purpose fit Wakala agreement. About Binance Binance is a leading global blockchain ecosystem behind the world's largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 280 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means.
