I have come across KapitalBoost which is a p2p crowdfunding SME finance platform. I don’t know much about halal business financing, and am concerned as to whether they are truly shariah compliant or not. Either from the investors perspective, or from the receivers.
I am a little cautious as I recall SMELoans as advertising themselves as a halal Business financing company, however IFG posted an article stating they were not actually shariah compliant…
Could you please investigate and clarify whether it is a shariah compliant option for me to invest in?
From how the structures have been explained on the website, it looks like they are shariah compliant.
However I would have preferred to see a certification from a shariah board confirming this.