DuitTech
| COMPANY | DuitTech |
| TYPE | Pronouncement |
| ISSUANCE DATE | 17/03/2023 |
| EXPIRY DATE | 16/03/2024 |
| CERTIFICATE NUMBER | ADL00110323 |
| COUNTRY | MALAYSIA |
| PRODUCT | A Financial Technology (Fintech) company that provides high impact financial and management consulting services that solve important issues for middle market companies. |
| SHARIAH STRUCTURE | The company applied with the equity crowdfunding platform of Ethis to raise equity funding. The company has appointed another Shariah Advisory Firm (Tawafuq Consultancy Sdn Bhd) to structure and Shariah-certify the BNPL B2B product and to provide expertise and guidance to the company in all matters of Shariah, including its technology, operational, fundraising and commercial matters. Accordingly, these areas covered by Tawafuq Consultancy are not under the scope of this pronouncement. |
| DOCUMENTS REVIEWED | Shariah Checklist Form: Checklist to facilitate comprehensive qualitative & quantitative Shariah. assessment Shariah Compliance. Commitment: Issuer’s pledge in upholding and maintaining the business in accordance with Shariah. Islamic Bank Account document: Issuer has verified to have Islamic bank account for its business. Campaign Pitch Deck: Issuer complies in having the content according to Shariah principles. Financial statements: Documents submitted to ensure the financial transactions are according Shariah Compliance. Declaration Of Temporary Use Of Trade Insurance Product Due To Absence Of A Takaful Alternative In The Malaysian Market dated 16 March 2023 Tawafuq(FP)(Du-it)(Shariah Retainership) dated 7 February 2023 Tawafuq (DuitTech)(Confirmation Letter) dated 14 March 2023. |
| STATUS | EXPIRED |