Supply@ME Capital’s Inventory Monetisation Platform Gains Approval from Shariah Scholar Board

Supply@ME Capital (Supply@ME) announced that its Shariah-Compliant Inventory Monetisation Platform has had its structure approved by the Shariah Scholar Board. Supply@ME, a fintech platform based in the United Kingdom, provides an Inventory Monetisation Service (IMS) to European manufacturing and trading companies. 

According to Supply@ME, following presentation to the Shariah Scholar Board, the functional and legal structure of Supply@ME’s Inventory Monetisation Service, was found to be in compliance with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Shariah Standards, as well as within the principles of Shariah guidelines.

Supply@ME stated that this approval adds to its funding routes; along with its curre...