PayTabs, a provider of online payment solutions for SMEs, has hired Shariyah Review Bureau (SRB) to help run its business in a Shari’a compliant way.
SRB will provide online payment structuring, documentation review, Shari’a Certification, customer query support and periodical Shari’a Audit’s to ensure PayTabs’ Shari’a compliance.
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Aligning its operations with Shari’a will allow PayTabs to expand its platform and meet the demands of Islamic customers.
PayTabs COO M Hassan Saduddeen said: "As a rapidly growing business, we deal with several clients ranging from SMEs to corporate at any given time.
"And as we look at serving Ethical and Islamic customers of all sizes we saw that there was more to contend with especially in the case of achieving Shari’a Compliance and Certification.
"Our agreement with SRB increases our degree of confidence in meeting our internal Islamic business objectives and provides us greater flexibility to scale up our business as PayTabs grows."
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