FAQ

message
Is Al Mabrook Licensed?

No, we will complete building the application and start our OSC (Ontario Securities Exchange) license process after raising funds from the community or private investors 

message
Can I invest in Proof of Concept Project?

No, the Proof of Concept project is already funded by Mabrook founders, we will invite you to co-invest with us in our upcoming projects. 

message
Who verifies that this funding is shariah compliant?

Mabrook has a dedicated team of qualified experts who verify and audit the projects before they go on the platform. Al-Mabrook itself is certified by shariah and will be audited regularly to comply with shariah guidelines.

message
How do I buy the token?

Once STO (similar to ICO) is launch , You can buy the token on our platform is using cryptocurrency or fiat currency (example your Bank's Debit card)

message
What is shariah compliance?

Shariah compliance is a process where the entire system,  financial product, or service complies with the principles of Shariah (Islamic Law)

message
How do I start investing?

Once our app goes live, you can easily start Investing on Mabrook, browse through the available business or projects, and invest using Mabrook tokens. We are also working with our partners to see in-term investment opportunities. 

message
How do I know the business or project is authentic?

Every project on Mabrook is authenticated by our team of Shariah experts and Technical team members to ensure that the startup as well as the project is trustworthy. We also have a thorough screening process to review each application including physical checks by visiting sites. 

message
How much do I need to have to invest on Mabrook?

You can start investing from CAD $100 on Mabrook.

message
Is Mabrook for Muslims only?

No, it’s for every investor who wants ethical, safe, and reliable funding and investment opportunities. 

message
Can I communicate with the business owners directly?

Yes, we provide a community for the investors to communicate with the business owners or team members using secured chat and regular investor update webinars.

message
What happens to my money if a project fails?

If a project you invested in fails to raise targetted funds on the platform, you can withdraw funds from the Mabrook wallet or keep the funds (tokens) available for any future project.

message
How is this platform transparent?

The platform is decentralized, there are no intermediate authorities. All transactions are traceable end-to-end by the investors.

message
Is there any signup fee?

No, signup is free for all Investors. Platform will charge a signup screening and due diligence fee from Business owners or Entrepreneurs

message
How is this funding asset based?

Security Token and asset tokenization are related because once the Mabrook platform has digitized an asset (for example a real-estate or a Halal Grocery business) and broken it down into as many parts as needed, which take the form of tokens (asset tokenization), Investors can then acquire these issued tokens (Security Tokens) and own digital shares of the company or business they have invested in. Mabrook strictly offers tokens against a real asset, unlike many other cryptocurrencies.  Security Token is offered on blockchain technology, the reason being the creation of these specific types of tokens which run on smart contracts is only possible on the blockchain

message
How and when profit will be distributed?

Profit will be distributed in the shape of Mabrook Tokens and users will be able to convert them easily into Fiat currency and withdraw.  Profit distribution time will depend on the business plan submitted to the community, the accounting treatment will follow AAOIFI standards (regulated Islamic accounting treatment)