microLEAP Partners with Masryef Management House to Launch Shariah-Compliant P2P Financing
by Fintech News Malaysia April 30, 2020Microleap PLT, a P2P (Peer-to-Peer) financing operator which manages microLEAP, has partnered with boutique Shariah advisor, Masryef Management House, to launch its Shariah-compliant investment notes.
Based on principles of Commodity Murabahah, Masryef Management House ensures that the Islamic funds raised on microLEAP’s platform adhere to ethical and Islamic teachings and that they are compliant with the resolutions issued by the Shariah Advisory Council of the Securities Commission of Malaysia.
“We have worked together with microLEAP and our Shariah Supervisory Board to ensure that its Islamic Investment Notes are compliant with resolutions issued by the Shariah Advisory Council of the Securities Commission of Malaysia (SACSC) and within Islamic teachings.” states Khairil Anuar Mohd Noor, Principal of Masryef Management House.
Tunku Danny Nasaifuddin Mudzaffar
“With Malaysia being a global leader in Islamic Capital Markets, Issuers on microLEAP’s platform have the option of raising funds via our Shariah-compliant Investment Notes to tap the Islamic P2P financing market. Provided that the nature of business is in line with Shariah requirements, any Issuer may raise Islamic funds.”
states Tunku Danny Nasaifuddin Mudzaffar, Founder and CEO of microLEAP.
“Added to that, any P2P Investor may invest in these notes if they are looking for Islamic and ethical assets.”
Featured image: (L) Founder & CEO, microLEAP, Tunku Danny Mudzaffar & (R) Principal, Masryef Management House, Khairil Anuar Mohd Noor
