Requirements & Approval Process
Understand the eligibility criteria, documentation standards, and review process before launching your funding on Ribano. Ribano follows structured evaluation standards to ensure asset authenticity, governance clarity, risk transparency, and Sharia compliance.
Minimum Eligibility Requirements
All projects must meet these foundational criteria before entering the formal review process.
Legal Structure
- Registered legal entity
- Clear ownership structure
- Authorized representatives
- Valid business registration
Financial Transparency
- Audited statements (if available)
- Revenue projections
- Capital use plan
- Risk disclosure
Governance Readiness
- Defined management team
- Decision-making structure
- Conflict-of-interest policy
- Board composition
Asset / Business Qualification
- Clearly defined asset or activity
- Asset ownership clarity
- Permissible sector
- Valuation methodology
Documentation Checklist
Prepare these core documents before submission. Incomplete applications will be returned for completion.
| Document | Required | Format |
|---|---|---|
| Certificate of Incorporation | Required | |
| Ownership Chart / Cap Table | Required | PDF/Excel |
| Board Resolution | Required | |
| Asset Valuation Report | Required | |
| Financial Projections (3–5 years) | Required | Excel |
| Offering Memorandum Draft | Required | |
| Risk Disclosure Statement | Required | |
| Contracts & Agreements | Optional |
Structure-Specific Requirements
Sukuk Issuance
- Contract draft (Ijarah, Musharaka, etc.)
- Asset linkage evidence
- Profit calculation methodology
- Loss allocation structure
- SPV structure documentation
Equity Crowdfunding
- Shareholder agreement
- Cap table with full breakdown
- Valuation justification
- Use of proceeds breakdown
- Exit strategy outline
REIT Structure
- Property title deeds
- Rental contracts
- Independent valuation certificate
- Property management agreement
- Tenant information
Asset Tokenization
- Custody confirmation letter
- Storage verification certificate
- Third-party audit evidence
- Insurance documentation
- Redemption mechanism
Approval Workflow
Understanding the review process helps set realistic expectations. Approval is not automatic and depends on completeness, quality, and compliance.
Submission
Founder submits application
Compliance Review
Internal checks
Risk Assessment
Risk team evaluation
Sharia Review
If applicable
Revision Phase
If required
Conditional Approval
Subject to final items
Final Approval
Ready for listing
Listing Preparation
Go-live process
What Ribano Evaluates
Asset Authenticity
Revenue Credibility
Risk Clarity
Governance Strength
Documentation Completeness
Sharia Compliance
Note: Ribano may request additional information or clarifications during the review process.
Timeline Expectations
Preliminary Review
5–10 business days
Sharia Review
Depends on complexity
Revisions
Variable
Final Approval
Upon confirmation
Common Reasons for Rejection
Learn from common pitfalls to increase your approval chances.
After Approval
Once approved, you'll enter the listing preparation phase where your offering is prepared for investor onboarding.
Next Steps Include:
- Listing preparation phase
- Marketing material review
- Investor onboarding setup
- Launch schedule coordination
You'll Receive:
- Formal approval letter
- Dashboard access credentials
- Launch timeline
- Dedicated support contact
Confidentiality & Data Protection
All submissions are handled with strict confidentiality under institutional compliance standards. Your documentation, financial information, and business details are protected under our data security protocols and are only accessible to authorized review personnel. We adhere to international data protection regulations and Islamic finance ethical guidelines throughout the evaluation process.