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Shariah Compliance
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How is fixed percentage halal? How does Murabaha work?
Interest or Riba happens when a fixed extra amount is charged on a set sum of money. Murabaha is a common Islamic financing method where a financier buys an asset and sells it to a customer on a deferred payment basis, earning a profit margin. The profit is charged on sale of product and has to be fixed beforehand for Shariah compliance.
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Who are your Shariah Advisors / Are you Shariah Certified?
We have internationally recognized AAOIFI-certified Islamic Finance Advisors as Shariah advisors. We are the first fintech in Bangladesh with Shariah-compliance certification from Islamic Finance scholars; please find the certificate and the details on our website.
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