Jeddah based Taajeer Co, offering distinctive financial services, has announced the assignment of Shariyah Review Bureau (SRB) to oversee its real-estate, machinery and vehicle trading business from a Sharia perspective.
Taajeer will typically invest in vehicle trading and equipment leasing that have strong potential to grow and stimulate the transportation and construction economy. "We are a dynamic start-up in the Kingdom that is seeking to address the challenges of the Islamic financing markets on a leasing scale," says Abbas Alnahdi Chief Executive Officer of Taajeer. " We are seeking to serve individuals and institutional players across the region with Sharia compliant financing allocation strategies and robust leasing capabilities. That's why we have decided to mandate our Sharia Compliance operations to SRB and remain 100% focused on delivering solutions to multi-asset Islamic requirements both in terms of our regional positioning and our capability."
With its exclusive focus on the Islamic industry, SRB is well positioned to provide Sharia consultation functionality to clients regionally and worldwide. SRB’s global scholarly platform enables clients to communicate directly with Sharia experts, and manage the entire lifecycle of the investment from conception to Certification and Sharia Audit cost-effectively.
Establishments like SRB are the driving force behind Islamic business transformation. Therefore, many Islamic institutions are turning to them not only to seek specialized Advisory and Sharia Audit but also for Sharia guidance about product transformation.
© Press Release 2017
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