Safa Global Capital
Chapter 08 / 11Governance

Decisions that hold up to scrutiny.

Safa Global Capital is being set up so that the people who check it are independent of the people who run it. This page describes that design. It is in formation; the section below says what is in place today.

Layers

Four layers, by design.

01

Independent Foundation oversight

The Safa Global Foundation is being established in the Qatar Financial Centre (QFC). It will appoint and receive the independent auditors and the adviser on ethical and Islamic financial regulation. It does not operate, and it never audits itself.

02

Adviser on ethical and Islamic financial regulation

An independent adviser, appointed through the Foundation rather than by operating management, will review each instrument before it is issued. Its review will be published. No adviser has been appointed yet; its exact role will be set out in each instrument’s documents.

03

Investment Committee (operating)

A cross-disciplinary committee inside Safa Global Capital, once established, will be responsible for asset-level decisions: origination, structuring, due diligence, capital allocation, and disposition. Decisions will be documented.

04

Independent audit

An independent audit firm, appointed through the Foundation, will review the financial statements every year and report to the Foundation as well as to operating leadership. An independent process will verify the assets behind each instrument.

Where it stands today

What is in place, and what is not.

  • ·Safa Global Capital, Safa Global Ventures and the Safa Global Foundation are in formation.
  • ·No instrument has been issued and nothing is offered.
  • ·No auditor and no adviser on ethical and Islamic financial regulation has been appointed yet.
  • ·Counsel is reviewing how STAC will be classified under EU law.
  • ·Charters and governing documents are being drafted and will be published when each entity is established.

Principles

How we will make decisions.

01

Substance over labels

Every instrument will be structured according to its economic substance and documented accordingly. No "compliance by sticker" and no "asset-backed by adjective."

02

Document-first

No verbal commitments. Every right and obligation will live in written documents, delivered with the independent review before anyone is asked to commit.

03

Independence

The people who check the companies, the auditors and the adviser on ethical and Islamic financial regulation, will be appointed through the Foundation and will not report to the management they check.

04

Long horizon

Governance is built for a ten-year vision (2026–2036), not for short-term marketing wins.

Questions about how we are set up?

Institutional enquiries go straight to the team. Governing documents will be published as each entity is established.

Next · Chapter 09Malta and the EUWhere we stand with regulators, stated plainly.→