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Yielders is the first Islamic fintech startup to gain UK regulatory approval

Tuesday 11 April 2017 | 12:22 PM CET

UK-based fintech company Yielders has announced it is now directly regulated by the Financial Conduct Authority (FCA), becoming the UK’s first ever Islamic fintech company to be directly authorised.

The ethical platform allows cash-based investments from as little as GBP 100, giving anyone the opportunity to get on the property ladder without the hassle of being a landlord or having a mortgage. Assets are already funded and provide pre-defined rental incomes, which means investors have the potential to start earning returns almost immediately.

Yielders went through a process of due diligence with the FCA, who validated their business model, client money handling and financial promotions before awarding accreditation, which puts them in a group of only five real-estate crowdfunding platforms to be directly authorised by the FCA.

Members from the Yielders team have also been accredited with CF30 certification, deeming them approved to present investment opportunities to a retail crowd. This gives crowd-funders added assurance that they are making informed decisions based on approved financial promotions.

 

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