Equity-based real estate platform Yielders enables small investments in big assets.
In early April, Yielders became the first Islamic fintech company to receive full accreditation from Britain’s financial regulator, the Financial Conduct Authority (FCA).
Founded in 2015, and operating out of London, Yielders is an equity-based crowdfunding platform for property investment. It allows clients to invest as little as £100 ($128) in shared residential or commercial real estate.
FCA approval is a major achievement for Yielders, as only four other real estate crowdfunding platforms in the UK are FCA accredited.
“The granting of full authorization demonstrates to current and future investors that Yielders’s regulatory and operational infrastructure has met with the strictest and highest standards demanded by the globally recognized FCA,” says Irfan Khan, one of Yielders’s founders.In the aftermath of Brexit, Britain is looking to reinforce its position as a global leader in digital innovation and in Islamic finance. The UK issued its first sovereign Islamic bond, or sukuk, in 2014, and the Bank of England recently announced that it was developing shariah-compliant liquidity management tools for Islamic banks.