Saudi-based fintech, Rakeez Capital, has launched an automated platform that facilitates the issuance of Murabaha Sukuk, which has been reviewed and certified by the Shariyah Review Bureau (SRB).
Saeed AlAhmari, Founder & CEO at Rakeez Capital, said: “Rating agency indicators show that sukuk issuance is on the arise. Being a Sharia-compliant instrument, it is an effective tool for financing needs, but we wanted it to be available for retail and SME’s issuance and investment as well.”