Tabadulat FinTech Startup Earns Approval From ADGM’s FSRA For Halal Investments

Muslim investors looking for Halal investment opportunities have long faced challenges in global markets, often having to depend on costly screening tools or limited local brokers to ensure their investments comply with Islamic finance principles.

However, Tabadulat Limited, a Shariah-compliant investing platform based in the UAE and registered with Abu Dhabi's international financial centre, ADGM, is set to change this landscape. The platform has recently received In-Principle Approval from the Financial Services Regulatory Authority (FSRA) of ADGM.

This development aligns with the UAE Cabinet's recent endorsement of the National Strategy for Islamic Finance and Halal Industry on 6 May. The strategy aims to position the UAE as a leader in the Islamic finance sector, promoting sustainable finance and facilitating the sector's activities on a global scale.

With a committed investment of US$2.3 million, Tabadulat is on its way to obtaining its Financial Services Permission from the FSRA, a move that will further solidify its presence in the Islamic finance industry.

Tabadulat aims to revolutionise the way Muslim investors engage with global markets by offering a trading platform that is not only compliant with Islamic financial principles but also provides control, transparency, and compliance.

"Tabadulat will not just be a trading platform but will be a movement. We will empower Muslim investors to invest globally without compromising their faith. Tabadulat will offer its clients control, transparency, and compliance in one seamless platform," stated Samy Mohamad, co-founder of Tabadulat.

The platform's standout feature is its advanced halal stock screener, which ensures each stock and ETF listed is screened daily for Shariah compliance. This allows investors to effortlessly identify halal investment opportunities without the need for external paid services. Furthermore, Tabadulat's approach to fees is refreshingly transparent, with low transaction costs starting at just 0.25%, no hidden charges, and strictly no Riba, making it an attractive option for retail investors seeking cost-effective trades.

With the global Islamic finance market projected to grow to US$7.5 trillion by 2028, the demand for accessible halal investing solutions is on the rise. Tabadulat is poised to meet this demand by adhering to the standards set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the leading global benchmark in Islamic finance.

This commitment ensures that the platform will operate as a fully Islamic financial business, offering peace of mind to investors. "Muslim investors may soon be able to trade halal stocks with peace of mind, knowing that every asset they invest in will be to the highest standards of Islamic finance," says Ali Abdulkadir Ali, Co-founder of Tabadulat.

In addition to its halal stock screener, Tabadulat will provide investors with global market access, allowing them to invest in a vast array of international halal stocks across the US, Europe, GCC, Asia, and beyond. The platform also features advanced portfolio analytics and a built-in Zakat calculator, facilitating the fulfillment of religious obligations in an accountant-free manner.