UAE-based fintech startup Tabadulat Limited has received in principle approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), marking a key step in the development of its Shariah-compliant global investing platform.
The approval aligns with the UAE Cabinet’s recently launched National Strategy for Islamic Finance and the Halal Industry, which seeks to establish the UAE as a global centre for Islamic finance and sustainable financial services.
Tabadulat is currently in the process of obtaining full Financial Services Permission and has secured $2.3m in committed investment to support its rollout.
Gulf Economist Staff Writer