Priya PatelTLDR:
Saudi Arabian fintech firm Thara has received Shariah certification from the Shariyah Review Bureau, in order to ensure compliance with Islamic law. Thara focuses on crowdfunding for real estate development projects through its platform, connecting individual and institutional investors with investment opportunities in the sector. COO Abdulelah Alsaab said the platform’s mechanics had been designed to be simple and all investment opportunities and financing needs would be verified before being connected. Shariyah Review Bureau works with 32% of the investment firms listed on Tadawul Exchange, as well as many traditional financial institutions.
