Yielders becomes the first fully Sharia Certified FinTech Company in the UK
Here at Yielders our aim has always been to build and design an investment platform, which at its core operates in a unique and ethical manner, unlike any other. As an Islamic Finance company the key principles of ethical finance are of the utmost importance to us. We are very proud to announce that recently we received recognition of our on going efforts in this endeavour with full Sharia Certification from the UK Islamic Finance Council.
In addition to being compliant with FCA regulation, we recognise that here at Yielders we are in an entirely unique position, becoming the first fully Sharia Certified FinTech company in the UK. The Sharia Certification was only awarded after deep and lengthy internal reviews carried out by the UKIFC, however this recognition now allows us to reassure our investors that every pound is ethically invested. The UK Islamic Finance market is one of the largest, most vibrant and dynamic outside of the Middle East.
Alongside our unique crowd funding investment model, Sharia compliance has further differentiated our offering from what is currently available in the UK. Our unique investment model allows investors to draw down monthly income from their investments, regardless of their status – as we only offer pre-funded investments to the retail crowd, meaning these assets are already generating an income before they become available as investment opportunities.
Tarek El Diwany, Islamic Finance Author of ‘The Problem with Interest’ commented on Yielders recent Sharia compliance:
“In the field of real estate, the development of a widely available equity-based financing model has been a prized objective of Islamic financial professionals for at least three decades. In recent years, developments in communications technology and financial innovation have made this objective more attainable, by lowering barriers to entry and making the process of origination and fund aggregation more cost efficient. All of this makes it a very exciting time to be involved in the FinTech field, in the real estate sector and beyond. I wish Irfan and his team the best of success in their endeavour, for their sake and for all those who wish to organise their finances and investment according to genuine principles of risk-sharing.”
A comment from one of our founders and leading FinTech expert, Irfan Khan,
“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.”