Dubai – Mubasher: FlexxPay, has secured a Sharia compliance certification for its platform from Shariyah Review Bureau. The cloud-based technology solution enables employees to access their earned income whenever needed.

The platform, which can be accessed through a mobile application or web, offers benefits for employers and employees alike, according to a press release on Monday.

For example, employers benefit from no integration hassle and no changes to the payroll cycle or any risk of impacting the company’s cash-flow cycle, while employees’ benefits include the ability to access a portion of the earned salary and commission instantly.

Furthermore, employees with commission-based salaries also stand to benefit instead of traditionally waiting several months to collect. Once the employer is enrolled, there would be no interest charges or credit checks necessary with automatic eligibility for all employees; however, only a nominal transaction fee will be required. 

Commenting on the announcement, CEO of FlexxPay, Michael Truschler, said: "We wanted to add value to our clients and their employees for using FlexxPay. And since Shariah Review Bureau is a reputable name in the region for providing Sharia compliance assurance, we decided to engage and benefit from their diverse experience with Fintech platforms.”

“Today, tech-based platforms with a diverse set of offering increasingly rely upon our Sharia certification, Sharia Board, and Sharia audit services. As we continue to expand, across markets, we remain passionate towards serving technological innovators, offer solutions using Sharia principles,” concluded founder and CEO of Shariyah Review Bureau, Yasser S. Dahlawi.