Frequently Asked Questions
Who is Beehive? +
Headquartered in Dubai, Beehive launched the UAE’s first online marketplace for peer-to-peer financing in 2014. The platform also became the first regulated platform across the region and is regulated by the DFSA.
What is crowdfunding/peer-to-peer financing? +
Peer-to-Peer financing is one form of crowdfunding. Crowdfunding is a way of raising finance by asking a large number of people each for a small amount of money. In simple terms, peer-to-peer financing refers to individuals (investors) providing finance to businesses (customers) without the use of a conventional intermediary such as a bank.
Is Beehive Sharia compliant? +
Beehive has worked with prominent Islamic legal advisors and Islamic finance industry experts to develop a Murabaha structure that complies with the principles of Sharia. The structure allows Islamic investors to take full advantage of the opportunities that Beehive has to offer while providing complete confidence that their values are respected and adhered to.
All “Beehive Sharia Compliant” finance requests are processed through the UAE’s award-winning “DMCC Tradeflow” Commodity Murabaha platform operated by the DMCC. Finance requests that do not comply with the principles of Sharia are processed as a conventional finance structure and are not accessible to investors who have indicated they would only like to invest in Sharia compliant opportunities.
Is Beehive regulated and under what law does it operate? +
Beehive P2P Limited is registered as a DIFC company with registration number (CL2352). Beehive P2P Limited is authorised and regulated by the Dubai Financial Services Authority under number F004422.
All contracts are drawn up under DIFC Law.
What is Beehive's Complaint Procedures? +
In the event that you feel dissatisfied with any aspect of our service, you are encouraged to email our Customer Engagement Executives at email@example.com.
The majority of complaints can be dealt with by our Customer Engagement Executives, however, if the issue remains unresolved, the complaint will be referred to our Compliance Department. The Compliance Department will then carry out an impartial review of the complaint with a view of understanding whether we acted fairly and within our contractual obligations. A final written response will then be provided.
If you do not feel your complaint has been resolved satisfactorily you may then refer the matter to the DFSA.
The DFSA is the independent regulator of all financial services conducted within the DIFC.
Contact the DFSA:
Dubai Financial Service Authority
PO Box 75850,
Level 13, West Wing, The Gate, DIFC
Phone: +971 (0)4 559 2108
Complaints Portal: https://www.dfsa.ae/en/MediaRelease/Complaints
Further information can also be found at www.dfsa.ae
How does the Mohammed Bin Rashid Fund for
SME (MBRF) guarantee work? +
The Mohammed Bin Rashid Fund for SME (MBRF) was created to help Emirati entrepreneurs and business owners access finance. Any Business Finance opportunity with the MBRF logo listed on the Beehive marketplace is covered by the fund’s capital guarantee scheme in the event of default. The process is as follows:
- All eligible business go through the standard Beehive credit & risk assessment process and must achieve a risk rating of C and above
- Their participation in the guarantee scheme is approved by the fund
- They are listed as an A+ business finance request
In the event that the business owner does not repay the financing, any investors who own a part of the finance will be reimbursed 100% of their outstanding capital. This will be payable 90 days after the fund is notified. Once Beehive receive the monies from the fund all affected investor accounts will be updated.
Every business request under the scheme is a Sharia compliant investment.
What measures are in place to ensure security around my data and the integrity of your platform? +
The Beehive Platform has been architected specifically to run on Microsoft Azure Cloud Services which is an enterprise class cloud services platform.
By building and delivering the platform on Microsoft Azure, Beehive has leveraged the “best in breed” security features such as encryption, identity and access management, and network security. These features are applied across the whole Beehive Platform from the holding of data, application access, web communications, and back office operations.
Microsoft has decades-long experience building enterprise software and running some of the largest online services in the world. Microsoft uses this experience to implement and continuously improve security-aware software development, operational management, and threat-mitigation practices that are essential to the strong protection of services and data.
What contingency arrangements do you have in place to ensure an orderly run-off of your platform if you cease to trade? +
As a DFSA regulated entity, Beehive has a contingency plan in place which is reviewed at least annually to ensure it remains up to date. Being regulated, Beehive has a ring-fenced a minimum capital commitment which would be utilized if the business were to cease trading. As part of the plan all uninvested balances will be returned to investors nominated bank accounts and a statement of outstanding payments and repayment schedule will be sent to you within 10 days. Your financing and Murabaha contracts continue to be valid, legally binding and enforceable without Beehive and installments will continue to be collected as they fall due. All payments will continue to be made to our sister company, Beehive Services DMCC, under full common control, and this entity will continue to exist and therefore able to make regular disbursements to you as financing contracts are paid off. The capital set aside is sufficient for two years of operations, during which the majority of the finance contracts will expire. We will work with the business owners to accelerate their payment terms, where possible.
Business Financing for Investors
How does the auction / bidding process work? +
The Beehive Marketplace allows investors to make bids related to a specific finance request for any of the approved businesses. Once the auction is open, investors can choose which business to invest in, and how much, at the pre-set interest or profit rate. The auction is open for up to 2 weeks and the auction will close once it is full. Bids are made on a first-come basis.The Beehive Marketplace allows investors to make bids related to a specific finance request for any of the approved businesses. Once the auction is open, investors can choose which business to invest in, and how much, at the pre-set interest or profit rate. The auction is open for up to 2 weeks and the auction will close once it is full. Bids are made on a first-come basis.
On what basis is the rate chosen? +
As an investor, you get to offer your desired rate to a specific business with the minimum of 6.5% and the maximum of up to 18.5% depending on the risk rating of the finance request. The rates are as follows:
ARR is calculated on a reducing capital balance basis.
You can find out more about our risk bands system here
How am I repaid and how is my profit rate calculated? +
Accepted offers are repaid via equal monthly installments and each amount is paid directly into your Beehive account. The profit rate is fixed at the time you make your bid.
The business then repays the financing. The monthly installment comprises capital and profit and the profit is calculated off a reducing capital balance (ARR). As an example, if you invested AED 5,000 over 24 months at a 11% profit rate then your repayment schedule would be as set out below. Each month you would receive AED 233.04 and over the 24 month term you would receive AED 592.94 profit.
To maximize your return on invested money on the platform, you should reinvest the monthly installments into new requests. We recommend that you set your Diversification+ settings to assist you achieve strong returns.
Where is my money held and how is it protected? +
Investor funds on Beehive sit in a fully-segregated client monies account operated by Emirates NBD that complies fully with the DFSA’s Conduct of Business module, Application 5.
What fees do you charge? +
All fees for Business Finance requests are shown net of our fees and so the rate you see is the rate you will receive (excluding bad debts and defaults). The only other fee we charge is 0.50% which is applied to any successful secondary market transactions. Please note that for adding funds in your Beehive account, your bank may charge a transfer fee which will be deducted from the amount you transfer to your Beehive account.
How can I withdraw my funds? +
All repayments and profit accrued will be credited to your Beehive Account on the platform. You can then choose the “withdraw funds” option on the “dashboard” and follow the steps, you will then receive the funds in your desired bank account within 3 working days. As per Beehive’s Terms and Conditions, investor funds cannot be withdrawn until 90 days have passed from the date of deposit as part of our anti-money laundering procedures.. There may be bank charges associated with withdrawals.
My account is on wind-down – what does that mean? +
This means your account has been suspended due to out of date or outstanding investor documentation, which is required to be updated and maintained for regulatory purposes. Our Beehive team will initially attempt to obtain these from you and your account will only be suspended in the case of no response or due to insufficient documentation received. Whilst your account is in wind-down, you will have full access to your dashboard but will only be able to post loan parts on the secondary market and request withdrawals. You will not be able to make any bids (including via Diversification+) or make secondary market purchases. Your account will be reactivated once the required documentation has been provided.
How do I become a Professional Investor? +
To be reclassified as a Professional Investor, you must contact firstname.lastname@example.org. You will be invited to meet a Beehive Investment Executive to discuss your understanding of the risks associated with becoming a professional investor and to determine if you have the relevant financial or investment experience. You will also be required to provide proof that you have net assets in excess of $1m excluding your primary residence.
What is Diversification+ and what benefits does it have over manual bidding? +
Diversification+ (D+) is an auto-bid tool that automatically makes bids based on the risk and tenure criteria that you set. To view and set these parameters see the “Diversification+” tab on your dashboard. By using D+, you can ensure that spare funds are automatically bid within your pre-set risk parameters. This ensures you (i) diversify your portfolio; and (ii) place funds as efficiently as possible.
Are there limits over the amounts I can lend to any one business and the amount of new funds I can add in a 12-month period? +
As a Retail Investor, your maximum exposure to one business on Beehive (across multiple products and requests) is AED18,000. Our platform automatically places this restriction on your requests.
The maximum funds you can add in a calendar year (January-December) is AED180,000. You can review the remaining amount by clicking on the Deposits tab on your dashboard.
These limits are put in place to limit your exposure to any business / platform and are set by our regulator. If you would like to exceed these limits, you must be classified as a Professional Investor.
How can I register as an investor? +
Simply click on the “register” option showing on the top right corner of our website and fill in the required information. Once done you will receive an e-mail requesting copies of your passport and proof of residence (i.e: Emirates ID, tenancy contract, DEWA bill or employment letter) which you will need to send to email@example.com. Once completed, your details will be verified and you will receive an e-mail within 2 to 3 working days notifying you that your account on Beehive has been activated. In some cases additional documents may be required.
To become an investor, you will be asked a number of questions to ensure you understand the risk of investing on an alternative asset platform such as Beehive.
To be eligible to become an investor, you must complete the registration process and pass Beehive’s internal KYC and AML procedures.
What is the minimum amount required to open an account on Beehive? And what is the minimum/maximum bid? +
You can join Beehive by setting up an account with as little as AED 1,000. The minimum bid on an individual business is AED 100.
To comply with DFSA regulations, your maximum exposure to one business on Beehive (across multiple products and requests) as a Retail Investor is aed18,000. See “Are there limits over the amounts I can lend to any one business and the amount of new funds I can add in a 12-month period?” below for more details.
Is my Investment secured against specific business assets? +
Investment on Beehive is intended to support business expansion, for areas such as working capital and growth financing, and therefore are unsecured against specific assets. To reduce the risk of default, all businesses must provide the necessary guarantees in line with UAE practices. This includes (i) an undated but signed cheque for the total facility; and (ii) at least one personal guarantee which is drafted under DIFC Law.
How do you assess businesses which are listed on the platform? +
Each business undergoes a rigorous risk assessment undertaken by our experienced internal risk team and further supported by robust on-site verification. Only successful businesses will be listed on the Beehive marketplace.
Each finance request is given its own rating based on a multiple number of data points which contribute towards an overall risk band. Using our own proprietary risk model, we look at both quantitative and qualitative measurements, including revenue growth, profitability, strength of management team, sector competitiveness, etc. The metrics which are provided on the platform are a summary of the multiple data points we review during our risk assessment process. Learn More
How can I exit an investment early? +
Beehive operates a secondary market which gives investors the option to transfer outstanding investment parts acquired on Beehive to other investors on the platform. Investments can only be transferred on the secondary market once the business has successfully made a repayment. Note that there is no guarantee that a loan part put up for sale on the secondary market will be purchased.
What are the risks and what happens in the case of default? +
At Beehive, we only allow established creditworthy businesses onto our platform and our experienced credit assessment team undertake robust rigorous risk checks on all businesses that apply for listing on the platform in addition to obtaining all necessary legal documentation as part of our assessment. Although we undertake detailed risk checks and only allow creditworthy business to apply for finance on our platform, no investment can ever be entirely risk free and even creditworthy businesses may default. A fundamental principle of Beehive is that we always encourage our investors to diversify their investments across multiple businesses to lower their risk of capital loss.
Since this is an unsecured investment, in cases where a business defaults, the risk is borne by the investor. Beehive will do everything in its power to collect the dues and will start legal action if deemed relevant. All finance requests are backed by (i) postdated cheques for each monthly instalment or a monthly electronic repayment mandate; (ii) an undated security cheque for the full amount; and (iii) a personal or corporate guarantee. If Beehive is unable to collect outstanding monies from the business, then investors will need to wait until such time that money is recovered from the business through conventional legal process if deemed commercially viable.
Why do you require my bank details, passport and residential proof in the registration process? +
As per the regulations set by the Dubai Financial Services Authority (DFSA), all regulated financial services firms need to maintain valid identity documents and information for their customers. As part of this, we have to understand who you are, your source of funds and your previous dealings. We will be in touch with you from time to time to inform you regarding any document requirements. We do not have the power to take money from your bank account; you make all transfers into a segregated bank account. We need your bank details so that if we are asked to return funds, we know which bank account to pay them into.
Can I be an international investor? +
Beehive welcomes all applications from most nationalities even if they are not UAE residents, however certain restrictions apply due to local regulations.
Invoice Financing for Investors
Who is the Business, Customer and Investor? +
You are the Investor and you enter a Finance Contract between yourself (with potentially other Investors) and the Business who has supplied the goods or service to the Company.
Who actually provides the finance funds? +
The contract is between you as the Investor(s) and the Business. Neither Beehive nor the Customer is party to the Finance Contract.
How can I register as an Invoice Finance investor and what is the criteria? +
To become an Invoice Finance investor you need to be registered and have a minimum of AED10,000 in your account. To register for Invoice Finance please contact firstname.lastname@example.org.
I’m already an Investor on Beehive, can I automatically invest in Invoice Financing? +
No, you must have a total deposited amount of AED 10,000 (this includes invested capital and uninvested funds) and contact us at email@example.com.
I am an investor for Business Financing and Invoice Financing, how do I set the allocation of my funds? +
You can set the amount of your funds allocated to Invoice Financing through the Invoice Finance Strategy page.
How does the bidding work? +
Investors set their Financing Parameters, and when a Business seeks finance, the Business will enter their invoice details and our Platform automatically matches the finance request with funds available from the Investors based upon the Investors’ Investment Parameters. This ensures that finance can get to Businesses within 24 working hours, which is critical for them.
How do I set my Invoice Financing Parameters? +
Click on the Invoice Financing icon on the dashboard.
Can I amend my Investment Parameters once they’re set? +
Yes, you can amend your parameters whenever you wish to. These will be applied to all new bids.
What term do I finance for? +
You set the term of how long you wish to finance which is between 60 and 150 days. At Beehive’s discretion, a Business may also request an extension period of up to 30 days and so payment may be up to 30 days longer than you have set. Note that profit continues to accrue if payment is later than requested.
Can I choose who to provide finance to? +
Yes. On your Investment Parameters is a link to “Set my Businesses and Customers”. You are automatically set to finance all Businesses but you can choose to deselect any Business and / or any Customer.
How do you select your Businesses that are included on the platform? +
We undertake a thorough review of the Business and only allow them to request finance against large established Customers that have a strong payment track record with that Business.
How do I find out more about the Businesses? +
See the “Businesses and Customers” link which sets out the various parties.
How does Beehive receive the money from the Business? +
The Business can opt to (i) have direct payment, where the Customer pays Beehive directly; or (ii) have indirect payment, where the Customer pays the Business and then the Business pays Beehive the capital, fees and charges. You can see whether Businesses have elected for Direct or Indirect Payment on the Businesses and Customers page.
What are your fees? +
All rates are stated net of investor fees and there are no other fees.
When do I receive my funding back? +
You will receive your funds including the profit gained in your Beehive account when the Customer or the Business pays us. Profit is calculated to the day so if a Business pays early, the forecast profit will be lower. Likewise, if the funds are received by us later that requested, then additional daily profit will accrue.
What if a Customer / Business is late in paying? +
The Business requests finance for the expected payment terms rather than the actual ones stated on the invoice. Therefore, payment should closely mirror the requested finance. However, a Business also has a 30 day Grace Period above and beyond the requested payment term. Profit continues to accrue at the agreed daily rate for any late payments.
Are the invoices insured against bad debt? +
No they are not, although we are currently reviewing this to see if there is an economically feasible solution.
What if the customer does not pay or the Business defaults? +
The finance contract is between you and the Business (not the Customer). Therefore, the Business is liable to repay the funds. If a Business defaults then we will decide the optimal route to collecting dues.
Are the invoices assigned and do you have recourse over the Customers? +
No, the invoices are not assigned to Beehive or you as an Investor, and neither you nor we have right of recourse over the Customer.
What security do you hold against the Business? +
Although this is unsecured financing, we hold an undated security cheque from each Business for their full agreed credit limit and personal / corporate guarantees.
Is there a minimum amount that I have to invest on the platform? +
Yes, due to the size of the financing, you must invest a minimum of AED 10,000 on the platform.
What rate of return can I expect? +
The rates stated above are shown after Beehive’s fees.
Business Financing for Businesses
What happens if my request is either not 100% filled or is oversubscribed? +
Your request must be 100% filled. If it fails to meet the full request, the request is deemed incomplete and all investor monies are released and you will not receive your finance request.
An oversubscription of your request is not possible as the request closes as soon as it is full.
What are the minimum and maximum amounts that you fund? +
Currently, we are able to offer financing between AED100,000 and AED1,000,000 on terms of 6-36 months.
How do I make repayments? +
All repayments on Beehive are made either through electronic monthly repayments or monthly post-dated cheques in line with UAE banking practices.
What are your eligibility criteria for borrowers? +
You must be an established UAE-based business (at least 2 year of trading) with an annual revenue in excess of aed2m, a growth track record and be either profitable or be able to demonstrate a path to profitability. All business applications go through a detailed credit assessment covering the above and more.
Can I pay back early? Are there any penalties for early repayment? +
Yes, you can pay back early. There are no penalties or charges for early repayment of your finance at Beehive.
How will I be checked? +
All businesses applying for finance request on Beehive need to provide the necessary financial and business documentation in order that a full risk assessment can be completed. The information Beehive requests is in line with regional bank financing.
Can I have multiple Business Finance requests on Beehive’s platform? +
Yes, businesses can have more than one active finance request at any point in time. Please note that any new application will be subject to a full credit assessment. Furthermore, the business must have made a number of successful repayments on their existing facilities.
What fees do you charge? +
Businesses will pay a completion fee based on the finance term from 2-4% as per below
- Charge for 1 year finance = 2% of principle amount
- Charge for 2 years finance = 3% of principle amount
- Charge for 3 years finance = 4% of principle amount
You will also be charged for the site visit (AED800) and the banking transfer fee (AED100)
Does my business need to be based in the UAE? +
Currently Beehive only accepts applications from UAE based businesses.
Invoice Financing for Businesses
How do I register? +
Click on the register link and complete the requested information.
Can I get finance against all of my Customers? +
We will review your Customers and your debtor listing and agree which Customers will be applicable for Invoice Financing. The Customers must be large businesses and have a strong payment track record with you.
What is the cost of financing? +
The cost is defined by the risk rating you are given and the tenure of the funding you are seeking.
The actual cost will be between 0.75% and 1.50% per 30 days payable to the Investors and we charge a one-off fee of 1% per invoice written.
In addition, you will also be charged for the site visit (AED800) which is reduced from your first payment and we will charge you a banking transfer fee (AED100) for each transaction.
What is the term of the financing? +
Investors set the term they wish to forward funds for which will be between 60 and 150 days.
How long will it take me to receive funds? +
Assuming your physical invoices and supporting documents match the details uploaded, you should receive funds within 24-48 working hours.
Will I be given a credit limit? +
Yes, we will set a credit limit with you. This can be amended at any point in time at our sole discretion.
How do I repay you the financing? +
There are two methods:
1. Direct Method: Under this method, you give your Customers Beehive’s bank details and they pay Beehive the full invoice value. Beehive then repays you the un-financed element of the invoice.
2. Indirect Method:Under this method, your Customer repays you the invoice value and then you settled the Beehive financing and related costs directly with us.
Can I pay off financing early? +
Yes, profit is calculated to the day so paying off your finance early decreases your cost.
What if my Customer is late in paying the invoice? +
When you ask for financing, you will insert your expected payment date as opposed to the actual terms. If your Customer pays you later than you expected then Beehive allows at its discretion, a 30 day extension period. After that, the financing must be repaid or you will be in default. Profit will continue to accrue during the extension period at the agreed profit rate.
Can I part settle individual invoices +
Individual invoices cannot be partly repaid.
Do you ask for the assignment of invoices? +
We do not ask for the assignment of invoices.
What is Islamic Finance? What is Sharia? +
Islam is more than a religion; it’s also a code of life that deals with social, economic and political matters. Muslims are expected to live according to Sharia (Islamic Code) which governs nearly all aspects of Muslim life, and hence Sharia imposes certain restrictions on finance and investments within the Muslim community. Islamic finance refers to the means by which corporations raise capital in accordance with the principles of Sharia, money must be used in a productive way and generating return on your money must be through legitimate and ethical trade or investment which includes an element of risk and promotes social justice. Generating interest on your money is seen as an effortless income and is not permitted in Islam. Sharia also does not permit trade or investment in unethical industries or commodities, such as: arms, gaming, gambling, alcohol, conventional banking or insurance, non-halal food or beverages, entertainment and more.
Peer-to-peer finance (P2P) aims to build a community of investors and businesses where risks are shared and capital is channeled into real economic activity that would benefit the community. Essentially, P2P follows the basic Islamic principle of sharing risk for profit rather than the model used by banks which is transferring risk for profit.
Why does Beehive offer Sharia processing? What is Beehive Sharia processing? +
Islamic investors have always faced challenges with diversifying their investment portfolios due to the limited investment options available that adhere to Sharia principles. This need required the development of alternative finance tools to better serve the Islamic investor markets and help create more diversified portfolios for better managed risk. Beehive recognized this gap and managed to work with prominent Islamic legal advisors, and Islamic finance industry experts to develop a structure that processes investments in a Sharia compliant way.
Islamic investors who wish to engage only in investments that comply with Sharia select the “Sharia Compliant investment only” option when they are registering to the Beehive platform. This allows Islamic investors to place bids only on finance requests that comply with Sharia. All businesses applying for finance are meticulously checked to ensure that the business activity and use of funds comply with the principles of Sharia. If the business activity and use of funds comply, Beehive identifies the request as “Sharia Compliant” and Islamic investors are able to place bids on the marketplace. Any finance requests that do not comply with the principles of Sharia are processed under a conventional finance structure, restricting Islamic investors from bidding on the request.
How are the Sharia finance requests processed? What is Murabaha? +
Beehive processes all “Sharia Processing” finance requests through the UAE based award-winning “DMCC Tradeflow” Commodity Murabaha platform. “Murabaha” is a commodity-backed transaction that allows Islamic investors to buy and sell commodities at a profit on a deferred payment basis.
The word Murabaha is derived from the Arabic word Ribh that means profit and it is the most popular and most common technique of Islamic financing. Murabaha is also known as Mark up or Cost plus financing and it is estimated that that 80% to 90% of financial operations done under Islamic finance belong to this category.
Murabaha is simply a contract of sale in which a commodity is sold on profit where the seller is obliged to tell the buyer his cost price and the profit he is making. In a Murabaha transaction, the first party purchases a commodity today which is then sold at the current market value plus the agreed profit to the second party at an agreed upon deferred payment plan. The second party can then monetise the commodity by selling it today, at today’s value, and receive cash.
What is the “DMCC Tradeflow” commodity Murabaha platform? +
The DMCC Tradeflow commodity Murabaha platform which is operated by the Dubai Multi Commodities Centre (DMCC) is an online exchange for physical commodities based in the UAE that allows the electronic transfer of ownership through tradeable warrants. The commodities and storage facilities are also reviewed to ensure full compliance with Sharia.
DMCC Tradeflow has been confirmed as being fully Sharia compliant by one of the world’s most prominent Sharia scholars, Dr. Hussain Hamid Hassan, Founder and Chairman of Dar Al Sharia Consultancy and Chairman of the Fatwa and Sharia Supervisory Board of Dubai Islamic Bank. Dr. Hussain is considered a pioneer of modern Islamic banking having shaped the industry since 1975. He remains a guiding force to AAOIFI and IFSB, regulatory bodies for the Islamic finance industry.
For more information on DMCC Tradeflow, please visit www.dmcc.ae/tradeflow
How is Beehive certified as Sharia compliant? +
The world recognised and respected, Shariyah Review Bureau (SRB), together with their team of esteemed Sharia scholars, have reviewed and certified the “Beehive Sharia Processing” in terms of operational processes, documentation, business activity and relationship management. The certification makes Beehive the first P2P platform in the world to independently confirm its processes are compliant with Sharia principles.
In addition, Beehive holds a DFSA license to ‘Operate an Islamic Window” and has an internal sharia auditor and external sharia auditor as required by the regulator. Beehive also has a 3-person independent Sharia Supervisory Board.
What is the Shariyah Review Bureau (SRB)? +
Shariyah Review Bureau (SRB) have been providing professional Sharia advisory and Sharia audit services for more than 10 years to public and private businesses, including commercial and corporate debt, sukuks and Islamic equity markets, initial public offerings screening and investment banking practice, energy firms and information providers.
Licensed by the Central Bank of Bahrain, SRB serves clients from the US, UK, Switzerland, Canada, Hong Kong, Australia and GCC. In Saudi Arabia alone it holds a 21 percent market share of the Co-operative Insurance Firms Listed on the stock-exchange market, and 13 percent share of all Saudi Investment Companies licensed by the Capital Market Authority (CMA). Its service offerings span a broad set of complementary disciplines that include product certification, consultation, Sharia audit and equity screening. SRB has a scholarly presence in more than 12 countries, including the US, Europe, Africa, GCC and Asia, making it a unique Sharia consultancy body that can meet the true international business requirements of its clients.
For more information on SRB please visit www.shariyah.com
How is Sharia different from conventional investments? +
A key purpose for imposing Sharia is to promote social justice. Sharia is more concerned with ethical, social, economic, and political impacts of investments on the economy and directs it towards responsible activity that benefits other people and the overall economy. Conventional finance does not have the same ethical or social considerations.
Does Sharia investment involve more risk? +
Sharia and conventional investments involve the same degree of risk, however Sharia investments are processed in a different way and are limited to businesses that adhere to the principals of Sharia. Investment in business involved in unethical industries or commodities, such as arms, gaming, gambling, alcohol, conventional banking or insurance, non-halal food or beverages, entertainment and more, is not permitted by Sharia.