UK: The first Sharia’h compliant crowdfunding campaign on Crowdcube

alchemiya1Alchemiya Media has today received a certificate from leading Islamic scholars Mufti Barkatulla and Shaikh Haytham Tamim confirming that its crowdfunding campaign on CrowdCube is Sharia’h compliant. Crowdcube has confirmed that this is a first on their platform.

Alchemiya CEO Navid Akhtar said: “We are proud to be pioneers in combining the principles of Islamic Finance with crowdfunding as a means of financing new businesses. We hope that our example can be used by other start-ups and businesses and actively seek to share our experience with them. Importantly, this makes our project acceptable and attractive to investors who wish to remain within the ethical guidelines of Islamic investing.”

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Alchemiya Media Limited is a privately held company that was established in 2013 to provide regular, high quality television and films for the intelligent, cultured, creative Muslim. The company is led by a team of world-class media and technology professionals, who follow a defined set of values and are committed to the highest standards of corporate governance.