Saudi-based fintech Eddekhar, a workplace savings platform that helps employees build savings through automated salary deductions, has received Sharia certification from Bahrain’s Shariyah Review Bureau (SRB). The approval confirms that the startup’s savings and investment framework aligns with Islamic finance principles, a crucial step for gaining traction in the Kingdom.
Quick Facts
- Offers automated workplace savings via salary deductions.
- Certified by Bahrain’s Shariyah Review Bureau (SRB).
- Provides Sharia-compliant investment and financing options.
Bridging Financial Wellness and Islamic Principles
As companies across Saudi Arabia look for new ways to support employee financial wellbeing, technology-driven solutions are gaining ground. Eddekhar operates in this space, offering a platform that simplifies saving by integrating directly with company payrolls. This latest certification allows it to cater to a large segment of the population seeking Sharia-compliant financial tools.
“This milestone reinforces our commitment to providing employees with a structured and transparent way to build savings through their workplace, in alignment with established Sharia principles,” said Dr. Adnan Alkhiary, Founder and CEO of Eddekhar. “We focus on enabling consistent saving habits through simple, payroll-integrated solutions that support long-term financial discipline for employees while offering employers a meaningful financial wellbeing benefit.”
The Stamp of Sharia Compliance
Eddekhar brought in Shariyah Review Bureau to audit its savings and financing structures. The certification covers both of the platform’s core offerings: investment-based savings in approved funds and non-investment savings structured through Murabaha financing. This dual model provides users with flexibility while maintaining compliance.
“Workplace savings platforms can contribute towards the development of structured financial planning tools that support long-term financial resilience,” commented Yasser S. Dahlawi, Founder and CEO of Shariyah Review Bureau. “We are pleased to support Eddekhar in certifying its savings framework and facilitating the availability of Sharia-compliant solutions that assist individuals in managing their financial goals responsibly.”
About Eddekhar
Eddekhar is a workplace-based savings platform designed to help employees build savings through automated deductions from their salaries. The company provides both investment-based savings options in approved funds and non-investment savings through Murabaha financing structures, all within a Sharia-compliant framework.
Source: Zawya
