Estimated Timeline

The Shariah Compliance and Legal & Regulatory Compliance processes will be run concurrently to achieve full readiness as efficiently as possible.

Thursday, 18th September 2025

Process Started

Thursday, 23rd October 2025

Expected Shariah Compliance

Sunday, 23rd November 2025

Technology Fatwa Issued

On or before 19th January 2026

Expected Regulatory Compliance

01

Shariah Compliance & Certification

  • ✓ Establishment of a Shariah Governance structure, including a formal Shariah Board. COMPLETED
  • ✓ Detailed Fatwa documentation for platform, tokenised products, secondary markets and smart contracts. COMPLETED
  • ↻ Ongoing compliance monitoring and annual Shariah audits. ACTIVE AND ONGOING
  • ↻ Product-specific reviews and development of purification mechanisms, where necessary. ACTIVE AND ONGOING

Deliverable

Comprehensive Shariah Compliance Certificate to be displayed on the platform and website.

Target: On or before 19th January 2026
02

Legal & Regulatory Compliance in Saudi Arabia

  • ↻ Alignment with requirements of the Ministry of Commerce, MISA, Capital Market Authority (CMA) and Saudi Central Bank (SAMA). ACTIVE AND ONGOING
  • ↻ Preventive measures to mitigate risk of blacklisting or blocking of the platform domain by telecom networks. ACTIVE AND ONGOING
  • ↻ Review and structuring of contracts, IP rights, sponsorship/licensing agreements and AML/KYC frameworks. ACTIVE AND ONGOING

Deliverable

Legal compliance report and regulatory roadmap.

Target: On or before 19th January 2026
03

Ongoing Support

  • Regular Shariah audits and certification renewals.
  • Liaison with regulators for filings and approvals.
  • Dispute resolution framework for Web3 transactions.
  • Strategic marketing alignment to ensure transparency and user confidence.
★ SHARIAH COMPLIANCE CONSULTANTS HAVE BEEN CONTRACTED