SAUDI ISLAMIC CROWDFUNDING

SAUDI ISLAMIC CROWDFUNDING

SAUDI-ARABIA HALAL CROWDFUNDING PLATFORM

In Saudi Arabia, Islamic crowdfunding is defined by halal lending type which has the particularity to involve a group (crowd) of Saudi investors who inject funds to cover the investment needs of Saudi business people who follow the principles of Islamic finance.

In Saudi Arabia, Islamic crowdfunding is the basis of any crowdlending or fundraising in the Saudi kingdom given that sole type of accept finance in this jurisdiction is the one which is sharia compliant.

In Saudi Arabia, Islamic fundraising is not dedicated uniquely to inject money in profitable investments which rely on a business plan, this type of sharia compliant lending serves also sialic social projects and causes which improve the economic and educational situations of Saudi population living in precarity.

In Saudi Arabia, halal crowdlending is existing via Saudi Islamic lending platforms which are attracting Saudi investors who wish to put their money in profitable but covered by the rules of Islamic finance which is also demanded through the Saudi borrowers.