Ethical and Islamic financial regulation

Aligned by construction, not retrofit.

Alignment with ethical and Islamic financial regulation is not a label we add at the end. Every instrument and structure is being designed from the start with reference to AAOIFI standards and the principles of Islamic finance. Each will be reviewed by an independent adviser, appointed through the Safa Global Foundation, before it is issued.

Principles

What alignment with ethical and Islamic financial regulation means in practice.

No riba (interest)

Capital structures are built on profit-loss sharing (Mudarabah, Musharakah), agency-based investment (Wakalah), and asset-backed mechanisms (Ijarah, Murabahah), not interest-bearing debt.

Real-asset backing

Every Sukuk-style certificate is designed to be backed by tangible, identified assets, not paper, not pure derivatives, not speculative claims.

No gharar (excessive uncertainty)

Contracts are designed for clarity in rights, obligations, asset definition, and conversion mechanics. Documents are delivered before any commitment is binding.

No maysir (gambling) or prohibited industries

Underlying activities are screened to exclude alcohol, gambling, conventional finance, weapons manufacturing, adult entertainment, and other prohibited industries.

Standards reference

Anchored to recognized international standards.

AAOIFI Standard 17

Investment Sukuk, structure, issuance, asset backing, profit-loss distribution

AAOIFI Standard 23

Wakalah, agency-based investment with profit-share fee structure

AAOIFI Governance Standards

Reference for appointing an independent adviser and publishing its review

IFSB principles

Risk management and capital adequacy framework for Islamic financial institutions

Oversight cadence

Planned independent review at every stage.

Before issue

The independent adviser reviews the structure and the offering documents before any subscription opens. The review is published.

Periodically

The adviser reviews holdings, transactions, and any structural changes; review notes are published.

Annually

A yearly review with reference to AAOIFI standards. Findings published.

On material event

Asset additions, dispositions, structural amendments, or new instrument tranches reviewed before execution.

See the review when it publishes.

The independent review of each instrument will be published with its documents. No adviser has been appointed yet; we will announce the appointment here.

Contact the team