Tabadulat Gets ADGM Approval, Raises $2.3M for Shariah-Compliant Platform

Samy Mohamad, Tabadulat Co-Founder

Tabadulat Limited (Tabadulat), a Shariah-compliant investing platform based in the UAE and registered with ADGM, has received In-Principle Approval from ADGM’s Financial Services Regulatory Authority (FSRA).

This development comes shortly after the UAE Cabinet approved the country’s National Strategy for Islamic Finance and the Halal Industry on May 6.

The strategy aims to strengthen the UAE’s position in Islamic finance, promote sector-wide activity, and support leadership in sustainable finance.

Tabadulat, which is currently in the process of obtaining its Financial Services Permission, has secured a committed investment of US$2.3 million.

The platform seeks to address longstanding challenges faced by Muslim investors who have traditionally had limited access to global halal investment options and often relied on costly third-party screening tools or regional brokers.

According to Samy Mohamad, Co-founder of Tabadulat,

“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.”

The platform intends to provide access to international halal stocks across the US, Europe, the GCC, Asia and other regions.

It will feature a halal stock screening mechanism that monitors every listed stock and ETF for Shariah compliance on a daily basis, aiming to simplify investment decision-making for Muslim investors.

Fees will start at 0.25% per transaction, with no hidden charges and no involvement of Riba, in keeping with Islamic financial principles.

Users will also have access to analytical tools, including a detailed Shariah compliance report, as well as a built-in zakat calculator designed to help fulfil religious obligations without requiring professional accounting assistance.

With the global Islamic finance market projected to reach US$7.5 trillion by 2028, Tabadulat’s offering arrives amid growing demand for Shariah-compliant investment solutions.

The platform will operate in accordance with standards set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).

Source: Fintech News Middle East