- No, when investing in bonds, the investor owns a pro-rata share in an asset owned by the issuer, not a share in the company. The relationship between the investor and the issuer is a debt relationship that ends when the issuer pays off its obligations on a predetermined date.
- After creating a user account and entering the necessary personal information, the investor can transfer funds from any local bank to their account on the platform and then invest them.
- Dinar platform is committed to applying the provisions of Islamic Shariah and providing financing services that allow borrowers to benefit from financial technology and investors to diversify their investments in accordance with Shariah standards and regulations.
- Registration on the Dinar platform and uploading the required data and documents.
- Credit study of the company and financing request.
- Sending the financing offer two days after registration is completed.
- Disbursing the financing amount within 10 days of registration completion.
- It is a licensed and regulated entity by the Capital Market Authority under the regulations governing Special Purpose Entities for the issuance of debt instruments or investment units. It has independent financial and legal personality and the entity terminates when the purpose for which it was established ends, in accordance with the rules and regulations issued by the authority.
- Currently, Dinar Finance offers financing through Murabaha sukuk, which are sukuk that bear equal values issued by a special purpose entity for the purpose of purchasing a commodity and then selling it at a known profit margin on a deferred basis and on a known date to the financier, who uses the commodity or proceeds from its sale to develop and grow their business.
- Previously, investment in sukuk was restricted to qualified investors with a minimum investment of one million riyals. After the efforts of the Capital Market Authority in order to develop the financial and investment sector, the doors of investing in sukuk were opened to everyone through licensing platforms for issuing debt instruments. for the funding applicant.
- In Dinar, we do not pay zakat on behalf of investors, and we note that according to the fatwa of the Sharia Committee of Dinar Company, zakat must be paid for sukuk whose life is longer than one year over the last year only refund your money. As for the periodic distributions, if more than a year has passed since the subscription, then zakat is due on each batch of the periodic distributions.
- The maximum limit for an unqualified investor is 20,000 riyals per company, and 100,000 riyals annually for all companies. As for a qualified investor, there is no upper limit.
- Dinar fee 1.15%, inclusive of value-added tax, of the capital on an annual basis
- The annual return is the return for one year, and the return on the investment period is the return on your total investment, meaning if the annual return is 10% and your investment period is two years, then the return on the investment period is 20%.
- Up to 10 years.
- Sukuk are considered high-risk investments, and the most dangerous thing facing investors is the default of the financing party and its failure to meet its obligations. We, in turn, seek to reduce the size of these risks by conducting a detailed study and accurate analysis of the creditworthiness of the financing party.
- The legal entity must be a company, not a sole proprietorship. The company must have audited financial statements and a valid Saudi commercial registration.
- Sukuk are sharia-compliant financial instruments that represent a proportionate beneficial ownership in an underlying asset. They are issued by government and corporate entities to finance development projects. The issuer of Sukuk is obliged to make periodic cash payments and to redeem the principal amount at a predetermined time.
- Any individual who is over 18 years old, holds a national ID or a residency, and has an account with one of the local banks can invest on the Dinars platform.
- You can monitor your investments by logging into your account on the Dinars platform and selecting 'My Investments.'
- An applicant can finance their project up to 10 million.
- Funds can be deposited directly into the investor's account through the platform via bank transfer.
- The minimum investment is estimated at 1,000 Saudi riyals.
- You can monitor your investments by logging into your account on the Dinars platform and selecting 'My Investments.'
- The sukuk has periodic returns (monthly, quarterly, semi-annually, annually) that the investor receives on the date of periodic distribution specified in the issuance prospectus for the investment opportunity, and the investor retrieves their principal on the maturity date.