Saudi-based proptech startup Madak App has secured Sharia certification from the Bahrain-based Shariyah Review Bureau (SRB), a key validation for its digital platform focused on fractional real estate ownership. The certification confirms that Madak’s investment model complies with Islamic finance principles, opening up property investment to a wider audience looking for Sharia-compliant opportunities.
Quick Facts
- Saudi proptech receives key Sharia certification.
- Platform enables fractional property co-ownership.
- Certified by Bahrain’s Shariyah Review Bureau.
Lowering the Barrier to Property Investment
Madak App is designed to address a long-standing challenge in real estate: high capital entry barriers. By fractionalizing ownership, the platform allows individuals to invest in income-generating properties with smaller amounts of capital, democratizing access to an asset class traditionally reserved for high-net-worth individuals and institutional funds.
“Real estate investment has historically required substantial capital commitments, limiting participation for many potential investors,” said Hussain Hameed Aldeen, Co-founder & CEO of Madak App. “Madak was developed to address this challenge by enabling partial ownership in income-generating properties through a digital structure designed to improve accessibility, transparency, and operational efficiency.”
Tapping into a Growing Regional Trend
The move comes as interest in tokenized and fractional real estate assets gains momentum across the GCC. In Saudi Arabia, the real estate sector is a central pillar of the nation’s economic diversification strategy, with regulatory initiatives increasingly encouraging financial innovation. Models like Madak’s are seen as a way to increase market participation and investment efficiency in tangible assets.
“Obtaining Sharia certification reflects our commitment to providing investors with confidence that the platform operates in accordance with established Islamic finance principles while supporting broader participation in real estate investment opportunities through a technology-enabled environment,” Aldeen added.
A Mark of Sharia-Compliant Innovation
The certification was awarded by Shariyah Review Bureau, an institution licensed by the Central Bank of Bahrain with over two decades of experience in Sharia assurance. The collaboration signals a growing acceptance of tech-driven investment models within the Islamic finance framework.
Yasser S. Dahlawi, Founder and CEO of Shariyah Review Bureau, commented, “Fractional ownership structures continue to contribute to the evolution of asset-backed investment opportunities. We are pleased to support Madak App in certifying its real estate investment framework and facilitating the availability of Sharia-compliant investment structures that enhance accessibility to property-based opportunities.”
About Madak App
Madak App is a Saudi-based digital platform that enables fractional investment in income-generating real estate. The company aims to make property investment more accessible, transparent, and efficient by allowing users to co-own assets through a Sharia-compliant structure.
Source: Zawya
