Our commitment to Shari'ah Compliance
Compliance is not merely a function or department here at Lendo.
We hold our business conduct according to Islamic Ethics inclusive of principles and values.
How Does Lendo Ensure Shariah Compliance?
When businesses apply for invoice financing, Lendo thoroughly checks whether their business activity and use of funds are in line with the principles of Shariah. That’s a prerequisite for going live on the Lendo platform as an investment opportunity.
Our team is trained to ensure that these values are regularly and consistently met. We have a committed Shariah Supervisory Board that oversees all processes and products, recommending any changes deemed necessary to meet Islamic compliance rules.
We run our business without compromising on our faith and religious values.
We Apply Tawarruq Process!
For each transaction executed on Lendo’s platform, we apply the Tawarouq process. This is reflected in all legal contracts, operations, and processes.
Selling Commodity
After collecting the funds from you and other investors, Lendo will credit the amount to the business's bank account. Once the business pays on the due date, you'll get your principal plus profits.
Morabaha Transaction
Once you have completed the sign-up, you'll be able to top up your wallet and start investing. You can invest either manually or through our Auto-invest.
Fund Collection
Sign up as an investor on the Lendo platform, and we'll take care of all data integrations and information verficiation.
Lendo's Shariah Supervisory Board
Independent Shari’a supervision ensuring compliance across all products, operations, and investments.
Appointed Shari’a Advisor
Middle East-based firm Shariyah Review Bureau WLL (SRB) will serve as the Shari'a advisor to ensure Lendo's compliance with Shari'a product interpretation and principles. SRB has an internal platform of 35 reputable Shari'a scholars covering the major global Shari'a-compliant markets, including Kingdom of Saudi Arabia, Algeria, Egypt, Qatar, UAE, Sudan, and Kingdom of Bahrain.
Regulatory Licensing and Services
Licensed by the Central Bank of Bahrain, it provides ancillary services covering Shari'a review, structuring, compliance certificates, and supervisory audit services.
Product Review and Ongoing Certification
Sheikh Muhammad Ahmad has been appointed to review and certify Lendo's product documentation and activities.SRB will also confirm that operations and investments align with the Shari'a principles, reporting to the Shari'a Supervisory Board, BOD, and stakeholders annually.
Product Review and Ongoing Certification
The SSB will issue their annual Shari'a Supervisory Board report, addressed to the BOD, confirming the Shari'a compliance of the products' transactions executed during the year.
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FAQs
We finance corporate invoices (forward sales), and we do not do personal finance at all.
This type of funding provides the ability for companies to support their operations and achieve growth. It plays an important role in achieving the goals of Saudi Vision 2030 by supporting economic diversification and job creation.
A citizen, resident or resident in Saudi Arabia who is over 18 years of age and has a national ID or residence permit, and has a bank account in a local bank.
Lendo is a financial technology company. It works in the field of debt crowdfunding. It provides an invoice financing service for small and medium enterprises (forward sales) that complies with the provisions of Islamic law in order to help companies requesting funding obtain cash. It also offers investment opportunities with a good profit return within short periods.
It is the financing of small and medium-sized companies by a group of investors. It is divided into two types:
1-Crowdfunding through ownership. 2-Crowdfunding through financing
Yes, there is a high risk in investment transactions, which may lead to delays in paying off opportunities or the possibility of losing your money. As the financing contract connects investors directly to the owners of companies requesting funding, the Lendo platform is not one of the contracting parties, and investments are entirely at your own risk.
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1- A valid Saudi commercial registration.
2. The company is one year old and over.
3. Sales are issued to government agencies or private Saudi companies.
The minimum funding amount is 100 thousand Saudi Riyals and the maximum funding limit is 7.5 million Saudi Riyals.
The credit rating is issued and the risk score of the opportunity is determined based on several factors, the most important of which are:
— The company's credit history.
— The company's financial situation.
— The company's administrative status.
— Invoice status.
The rating varies from (A to D). The classification indicates A To the fact that the company has a credit rating Good and low risk. and D That the company has a credit rating Vulnerable and high-risk.
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