UAE-based PropTech platform PRYPCO has announced a significant milestone for its fractional ownership platforms, PRYPCO Mint and PRYPCO Blocks, by officially receiving a Sharia certification. This move reinforces the company’s commitment to ethical and transparent financial innovation, broadening its appeal within the region’s evolving investment landscape.
Aligning PropTech with Islamic Finance Principles
The certification was awarded by the Shariyah Review Bureau (SRB), a globally recognized Sharia advisory firm licensed by the Central Bank of Bahrain. It formally affirms that PRYPCO’s investment framework, which allows investors to earn rental income and capital appreciation through regulated fractional ownership, is fully compliant with the principles of Islamic finance.
As part of the agreement, SRB will provide ongoing Sharia audits and supervisory oversight. This continuous monitoring ensures that PRYPCO’s platforms consistently adhere to Islamic finance guidelines as they scale and introduce new offerings.
Democratizing Real Estate Investment
As interest in fractional property ownership accelerates across the MENA region, PRYPCO is positioning itself at the forefront of the movement to democratize real estate. The company’s platforms, PRYPCO Blocks and PRYPCO Mint, empower investors to own fractions of a property, thereby removing the high capital barriers traditionally associated with real estate investment.
This model allows a more inclusive base of investors to participate directly in both rental income and potential future capital gains, making a historically exclusive asset class more accessible.
A Commitment to Ethical Innovation
Amira Sajwani, Founder and CEO of PRYPCO, commented on the achievement, stating, “From day one, our vision for PRYPCO has been to reshape how people invest in real estate by combining innovation with integrity. Achieving the Sharia certification from Shariyah Review Bureau for PRYPCO Mint and PRYPCO Blocks is not just a compliance milestone, it is a reaffirmation of our commitment to building inclusive, ethical, and future-ready investment platforms.”
Sajwani added, “We are proud to make real estate investment accessible to every type of investor, now with the added assurance of Islamic finance principles.”
Yasser S. Dahlawi, CEO of Shariyah Review Bureau, also weighed in on the partnership. “The rise of fractionalized real estate investment models reflects a broader shift toward accessible and ethical investing. Prypco Blocks and PRYPCO Mint are playing a meaningful role in this transition, and we are pleased to continue supporting them in maintaining robust Sharia compliance as they expand their offerings in the market.”
About PRYPCO
PRYPCO is a UAE-born PropTech platform transforming how real estate is owned, financed, and invested in. Through its flagship fractional ownership platforms, PRYPCO Mint and PRYPCO Blocks, the company aims to democratize access to real estate investment by enabling individuals to own fractions of properties and share in rental income and capital appreciation.
Source: Zawya
