Jozo, a Saudi-based real estate investment platform, has received Sharia certification from the Shariyah Review Bureau (SRB) for its fractional property ownership model. The certification confirms that the platform’s investment structure, asset selection, and income distribution methods comply with Islamic finance principles, a critical step for building investor trust in the region.
Quick Facts
- Jozo is a Saudi-based fractional real estate platform.
- It received Sharia certification from Shariyah Review Bureau.
- The platform digitizes property ownership into shares.
Democratizing Property Investment
Traditional real estate has long been an asset class with a high barrier to entry, often requiring significant capital that limits participation. Jozo aims to change this by dividing ownership of residential, commercial, and mixed-use properties into digital shares, making real estate investment more accessible and transparent.
“Traditional real estate investment often requires significant capital, limiting access for many investors,” said Naif Bin Saidan, Director of Real Estate Asset Management at Jozo. “Jozo was established to make property ownership more inclusive by enabling investors to acquire fractional ownership in carefully selected real estate assets through a secure digital platform.”
This model is part of a growing trend that leverages technology to open up new investment opportunities, aligning with Saudi Arabia’s Vision 2030 goal of fostering economic innovation.
Building Trust Through Compliance
For any financial platform in the region, particularly one dealing with investments, Sharia compliance is fundamental to gaining market acceptance and investor confidence. By securing this certification, Jozo provides its users with independent assurance that its operations adhere to established Islamic financial standards.
“Sharia compliance is fundamental to building investor confidence in our platform,” added Bin Saidan. “Working with SRB provides independent assurance that our investment framework has been structured in accordance with established Sharia principles, enabling investors to participate in real estate opportunities with greater confidence.”
Tech Meets Tradition in Islamic Finance
The collaboration highlights how technology is reshaping access to established asset classes within the framework of Islamic finance. The Shariyah Review Bureau, licensed by the Central Bank of Bahrain, brings over two decades of experience in Sharia advisory and certification to fintechs and digital asset platforms.
“Real estate has long been one of the most established asset classes in Islamic finance, and technology is now redefining how investors access it,” commented Yasser S. Dahlawi, Founder and CEO of Shariyah Review Bureau. “Fractional ownership supported potential to broaden participation while preserving the principles of genuine asset ownership and transparency. We are pleased to support Jozo in bringing a Sharia-compliant investment framework to the market.”
About Jozo
Jozo is a Saudi-based proptech platform designed to make real estate investment more accessible. Through its digital platform, Jozo enables investors to buy and own fractional shares in a portfolio of residential, commercial, and mixed-use properties, lowering the capital required to participate in income-generating real estate opportunities.
Source: Zawya
