Shariah Compliance
Our commitment to Shari’ah Compliance
Compliance is not merely a function or department here at Lendo.
We hold our business conduct according to Islamic Ethics inclusive of principles and values.
Tawarruq Process
Why is Lendo Shariah Compliant?
The remarkable thing about the Islamic Finance industry is that it has observed massive growth, not just in Muslim states, but globally. At Lendo, we understand our investor’s needs and obligations.
Therefore, we have worked with Islamic finance experts and Islamic legal advisors to create and abide by a structure that ensures all the invoice financing solutions we provide are shariah compliant.
How Morabaha Works?
Investor
How Does Lendo Ensure
Shariah Compliance?
When SMEs apply for invoice financing, Lendo makes sure to thoroughly check that their business activity and use of funds are in line with the principles of Sharia. And only then are they forwarded to be displayed on the Lendo platform as an investment opportunity.
Our team is trained to ensure that these values are regularly and consistently met. Moreover, our Sharia Supervisory Board oversees all processes and products and suggests any changes they think should be made.
Lendo believes in doing business simply, transparently and ethically without compromising on your faith and religious values.
Lendo's sharia supervisory board
Shariyah Review Bureau W.L.L. (SRB) has been appointed by Lendo ("the Company") as the Shari'a Advisor to advise the Company with respect to the Shari'a compliant products (the "Products") interpretation and compliance with the Shari'a principles. Shariyah Review Bureau W.L.L. is a Middle East-based firm with an international scholarly platform of 35 reputable Shari'a scholars covering the major global Shari'a compliant markets, including Malaysia, Kingdom of Saudi Arabia, Algeria, Egypt, Qatar, UAE, Sudan and Kingdom of Bahrain.
Licensed by the Central Bank of Bahrain it provides Ancillary services covering Shari'a review, structuring, compliance certificates (fatwa), and Shari'a supervisory audit services. The Shari'a Supervisory Board appointed to review and certify the Products's documentation and activities of Lendo is Sheikh Muhammad Ahmad. SRB will also assign the Shari'a audit team to confirm its operations and investments align with the Shari'a principles and report that to the Shari'a Supervisory Board, BOD and stakeholders on an annual basis.
After issuing the annual Shari'a audit report, the SSB will issue their annual Shari'a Supervisory Board areport addressed to the BOD confirming the Shari'a compliance of the Products' transactions executed during the year.
FAQs
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What is Lendo?
Lendo is a Saudi Crowdlending Fintech, which aims to develop the financing market by offering fast, efficient, and convenient solutions
Is Lendo a Saudi Company and Registered in Saudi?
Yes! Lendo is a Saudi registered company authorized and supervised by the Saudi Central Bank (SAMA)
What is crowdlending?
It's a Peer-to-Peer (P2P) form of financing that reduces the number of intermediaries or middleman between borrowers and lenders. For instance, at Lendo we take cash from a pool of individuals (investors) and loan it to Small and Medium Enterprises (borrowers) with specified risk rating, loan duration, and Interest rate.
Who can invest in Lendo Opportunities?
Any Saudi national or resident above 18.
Got more questions?
Please Contact us and we will answer your questions