Safa Global Foundation
The integrity anchor of the Safa Global.
A Maltese private purpose foundation, in formation, designed to serve as independent oversight of the Safa Global operating arms and as perpetual steward of the founding mission across generations of management.
Architecture at a glance
Five entities. Eight verticals. Thirteen companies.
Constitutional Steward
Safa Global Foundation
Class F veto · binding oversight over all operating arms
SGC
Safa Global Capital
AIFM
Manages the Fund, hosts the Society, distributes STAC under MiFID II
SGM
Safa Global Mint
Fund Vehicle
Maltese SICAV/SLPF authorised as ELTIF 2.0 (in preparation)
SGCU
Safa Global Custody
Depositary
AIFMD Article 21 segregation, DLT-aware custody (in preparation)
SGV
Safa Global Ventures
Sub-AIFM
Manages the Excellence Fund and the vertical-parent layer
SGV manages
Excellence Fund · Vertical-Parent Layer
13 operating companies across 8 verticals. New verticals (Energy, Health, Sustainability) structured under dedicated vertical-parent entities.
Commerce
- Aquiii
- Aquiii Express
- AGTS
- SportsNation
Consumer
- HMNSPLY
- Global Gourmet
Technology
- MAAIA
- Safa Studios
Education
- Excellence University
Real Estate
- Bunian
Energy
via Safa Energy
- AI Fuel Efficiency
Health
via Safa Health
- Together
Sustainability
via Safa Sustainability
- Circles
Read this top-down. The Foundation is the constitutional steward. The four operating arms run the platform. The Excellence Fund, managed by SGV, holds the operating companies through the eight verticals, with Safa Energy, Safa Health, and Safa Sustainability anchoring our newest sector commitments at the entity level.
What it is
A foundation built to oversee, not to operate.
The Safa Global Foundation is being established in Malta under the Second Schedule to the Civil Code (Act XIII of 2007). It is a private purpose foundation, not a charity, and is registered with the Maltese Registrar for Legal Persons. The working language is English; the Deed is executed before a Maltese notary.
The Foundation does not operate any business. It does not raise capital, manage investments, or sell products. Its job is to oversee the four Safa Global operating arms (Safa Global Capital, Mint, Custody, and Safa Global Ventures) and to keep them aligned with the founding mission.
Think of it as the constitutional court of the Safa Global. Operating leadership makes the day-to-day decisions. The Foundation reviews the identity-defining decisions, audits the integrity of the system, and holds the binding Shariah authority that cannot be politely declined.
What it oversees
Four domains of oversight.
Mission integrity across generations
Founders die. Operating leadership rotates. Investment philosophies drift. The Foundation exists to keep the three founding commitments (asset-backed, Shariah-aligned, long-horizon) enforceable beyond any individual tenure.
Binding Shariah authority
The Shariah Advisory Board is seated inside the Foundation, not inside operating management. Its determinations are binding, not advisory. A finding of non-compliance halts the activity; management has no override mechanism.
Reserved Matter consent
Identity-defining decisions cannot be taken by operating management alone. Mission amendments, single-asset moves above 15% of group asset value, change of control of any arm, and similar decisions require qualified-majority consent of the Foundation Administrators.
Safa Global Society register custodianship
The Foundation maintains the official register of the 1,000 Safa Global Society Members, independently of Safa Global Capital management. The register is the integrity record of who participated in the founding members, and the Foundation protects the Society Charter against unilateral amendment.
Foundation Board
Five Administrators. Independence as the design rule.
The Foundation is administered by a board of five. Independence is enforced through seat composition, appointment paths, and explicit conflict rules. The Founder Administrator and Independent Chair are the only seats appointed by the Founder; the remaining three are appointed by the Shariah Advisory Board and the Administrators themselves. Independent means: not an employee of the Safa Global, not receiving more than €25,000 per year in non-Administrator fees from the Group, and not a family member within the second degree of consanguinity of the Founder.
| Seat | Term | Appointed by |
|---|---|---|
| Founder Administrator | For life or until resignation | Founder |
| Independent Chair | 5 years, renewable once | Founder, on recommendation of the other Administrators |
| Shariah Board nominee | 3 years, renewable | Shariah Advisory Board, by simple majority |
| Independent Administrator (Finance) | 4 years, staggered | Administrators, by majority |
| Independent Administrator (Governance) | 4 years, staggered | Administrators, by majority |
Reserved Matters require qualified-majority consent (four of five Administrators). Conflicts of interest require declaration and abstention from the affected matter.
The two-key design
Founder veto and Foundation veto, in parallel.
During the Founder's lifetime, governance on identity-defining matters operates with two keys. The Foundation holds the institutional veto via Reserved Matters consent. The Founder holds a personal veto on a defined subset of identity-defining matters, in parallel. For a covered matter to pass, both keys must turn.
On the Founder's death, incapacity, or written resignation, the Founder veto lapses. Unless a Successor Founder has been designated, the Foundation veto stands alone from that point forward. This is how the architecture survives the founder: not by replacing him with a hand-picked clone, but by leaving in place an institutional body that has been doing the integrity work alongside him from day one.
The Founder cannot reclaim the Foundation's endowment or its governance assets. The Founder cannot override a Shariah Advisory Board determination. The Founder cannot waive a Foundation Reserved Matter approval. The keys are deliberately separate.
The endgame
Perpetual steward-ownership.
Safa Global is designed, from day one, to be transferred into the perpetual stewardship of the Foundation. The pattern is Hans Wilsdorf, who transferred Rolex SA to the Hans Wilsdorf Stiftung in 1944. Rolex has been owned by the Foundation for roughly 80 years, immune to IPO pressure, succession crises, and short-term capital pressure. The same pattern operates at Bosch, Carlsberg, Tata Trusts, IKEA, and Patagonia.
The Founder owns and operates today through Safa Global Partners (the corporate general partner of the operating arms). The Foundation oversees and audits today through Reserved Matters consent and the Shariah Advisory Board. When the moment is right, the Founder transfers controlling ownership of Safa Global Partners to the Foundation. The Foundation becomes the perpetual steward-owner. The mission continues across generations of management.
Reporting and audit
Annual Stewardship Report, published.
The Foundation is audited annually by an MFSA-approved auditor, even where Maltese law would permit an opt-out below thresholds. By 30 June of each year, the Foundation publishes a Stewardship Report covering Shariah compliance of the operating arms, Reserved Matter decisions taken, Safa Global Society activity, and audited financial statements of the Foundation itself.
The Foundation is classified as a private purpose foundation under the Second Schedule. It does not register as a Voluntary Organisation, because it does not conduct direct charitable activities. Where the operating arms direct capital toward social-impact initiatives, the Foundation's role is to confirm the deployment is Shariah-compliant and mission-aligned, not to disburse the funds itself.
Read the surrounding work.
How Safa governs, how the Safa Global Society works, and how the steward-ownership endgame is structured.