Doconomy Shariah

Doconomy’s CO2 impact methodology, Åland Index, first in the world to comply to Sharia principles and rulings

Stockholm-Al Seef, December 10th, 2021:

By partnering with Bahrain based Shariyah Review Bureau (SRB) the services and solutions from Doconomy can be incorporated to companies and institutions acting in accordance with the Shariya principles and rulings. By being compliant with the Shariya principles of Islamic financing – transparency, fairness, sustainability, and non-interest-finance – the Doconomy services through Åland Index can be introduced to whole new segment and sectors, bringing tools for everyday climate action to a wider world.

“The Doconomy DNA contains some fundamental principles. One of them is to deliver awareness and means to act on the climate crisis, to as many people as possible. Working with the SRB as an ambassador it grants us the ability to initiate dialogues and partnerships with corporations and institutions, we have the ambition to reach”, said Doconomy CEO Mathias Wikström.

1.7 billion individuals round the world don’t have access to any banking service. Many of them because many financial institutions and banks aren’t compliant with the Shariyah principles. To involve, inform and inspire individuals to be part of the transition to a more planet friendly way of life it is crucial to overcome limitations. With a Shariyah certification Doconomy can make a larger number of individuals aware of the carbon footprints of their spending’s and act on it.

“By combining Doconomy’s climate measuring impact tools with our scholarly capabilities we are seeking to open new doors of opportunities for Islamic banking customers who wish to play a part in accelerating the transition to a lower-carbon energy future. We look forward to supervising and auditing the Åland Index in light of Shariyah guidelines.” said Yasser S. Dahlawi Founder and CEO of Shariyah Review Bureau

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