Overview
Ribano is built on three core Islamic finance principles: justice (fairness in transactions), partnership (shared risk and reward), and trust (transparency and accountability).
Our Sharia Supervisory Board (SSB) ensures that every project, Sukuk issuance, and tokenized asset adheres to these values. We screen for prohibited activities, certify profit-sharing models, and monitor ongoing compliance through blockchain-powered transparency.
Whether you're an investor seeking ethical returns or a founder raising capital, Ribano provides the governance framework to ensure your participation is fully compliant with Islamic law.
Sharia Supervisory Board (SSB)
An independent body of certified Islamic scholars governing all aspects of compliance on the Ribano platform.
Responsibilities
Review project models, issue Fatwas, approve contracts, monitor operations, and certify profit distributions for ongoing compliance.
Governance
The SSB operates independently, meets quarterly, and publishes annual compliance reports with full transparency to investors and regulators.
Board Profiles
Dr. Ahmed Al-Masri
Islamic Finance & Fiqh
Sheikh Yusuf Rahman
Sukuk & Asset-Backed Contracts
Dr. Fatima Al-Zahrani
FinTech & Digital Assets
Standards & Frameworks
Ribano aligns with globally recognized Islamic finance standards to ensure consistency, trust, and regulatory compliance.
AAOIFI Frameworks
All Sukuk and crowdfunding structures reference AAOIFI standards for Islamic financial institutions.
Risk Sharing (Mudaraba / Musharaka)
Equity-based models where profits and losses are shared per Islamic principles.
Asset-Backed (Ijara / Istisna)
Lease or project-based structures backed by real, tangible assets.
Trade-Based (Murabaha)
Cost-plus financing for goods and commodities with transparent markups.
Prohibited Activities Screening
Rigorous checks to exclude interest-based lending, gambling, alcohol, tobacco, and other haram sectors.
Profit Distribution Standards
Transparent, pre-agreed formulas aligned with ownership stakes and asset performance.
Compliance Workflow
How founders and investors navigate the Sharia compliance process on Ribano.
For Founders (Issuers)
Submit Project
Provide business plan, asset details, and financial projections
Initial Screening
Platform reviews for eligibility and sector compliance
SSB Review
Sharia Board evaluates structure and issues preliminary Fatwa
Contract Finalization
Legal and smart contract terms are locked and approved
Go Live
Campaign launches with Sharia certificate published on-chain
For Investors
Register & KYC
Complete identity verification and investor accreditation
Browse Certified Projects
View only Sharia-approved opportunities with published certificates
Review Fatwa & Terms
Access full compliance documentation and risk disclosures
Invest with Confidence
Commit funds knowing the structure is certified and monitored
Ongoing Monitoring
Receive updates on compliance status and profit distributions
Fatwas, Opinions & Certificates
Fatwa Library
Access opinions issued by the SSB for various investment structures, asset classes, and operational policies.
View LibraryCompliance Certificates
Every approved project receives a digital certificate, hash-anchored on-chain for public verification.
View CertificatesAudit & Monitoring
Pre-Launch Audit
Full legal, financial, and Sharia review before any project goes live.
Ongoing Monitoring
Continuous oversight of fund usage, profit calculations, and contract adherence.
Dispute Resolution & Escalation
Internal Resolution
Platform compliance team handles initial queries and clarifications.
SSB Escalation
Unresolved cases are escalated to the Sharia Supervisory Board for binding opinions.
Risk & Disclosure (Investor Reminder)
All investors must acknowledge the following before participating:
- All investments carry risk — past performance does not guarantee future returns.
- Ribano provides a compliance framework, not investment advice.
- Investors must perform their own due diligence.
- Profit-sharing models may result in losses if the underlying asset or business underperforms.
- Liquidity depends on secondary market availability (RibanoM).
Frequently Asked Questions
Who issues the Fatwas?
Fatwas are issued exclusively by the members of the Sharia Supervisory Board — certified scholars with expertise in Islamic finance, Fiqh, and modern financial instruments.
Are all projects automatically compliant?
No. Each project undergoes a rigorous multi-stage review process. Only projects that receive SSB approval and a Sharia certificate are listed on the platform.
Can I challenge a compliance decision?
Yes. Investors and founders may raise compliance concerns through the platform's dispute resolution process. Unresolved matters are escalated to the SSB for a binding opinion.
How often are compliance reviews conducted?
Pre-launch audits are mandatory. Ongoing quarterly reviews are conducted for active projects. The SSB meets at least quarterly to review operational compliance.
Is Ribano regulated?
Ribano operates within applicable regulatory frameworks in its operating jurisdictions. Please refer to our Legal Framework page for jurisdiction-specific details.
What happens if a project violates Sharia principles post-launch?
The platform can suspend or terminate a project, freeze distributions, and initiate an SSB review. Investors are notified immediately and protected through escrow mechanisms.
Downloads & Policies
Access official documentation and compliance resources
Sharia Policy Document
Complete overview of our compliance framework and SSB mandate.
AAOIFI Alignment Statement
Detailed mapping of Ribano structures to AAOIFI standards.
Sample Certificates
Example Sharia compliance certificates for reference.