Adl Advisory is a Malaysia-based global Shariah advisory entity that provides shariah advisory, review and auditing services in Halal & Islamic finance domains.



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Are SAFE & Convertible Notes Shariah Compliant?

Many startups – including those in the Halal & Islamic Finance space – use instruments like convertible notes and SAFE agreements for their early-stage fundraising. This article highlights some shariah concerns related to the contracts and opens doors to further discussions. Definitions Convertible Note is defined as an investment vehicle often used by seed investors investing in startups […]