Tabadulat Wins Full FSRA License, Paving the Way for UAE’s First Free Halal Trading Platform

Tapoorulat Limited has secured its full Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), marking a watershed moment for Shariah-compliant investing in the UAE. As a newly approved Category 3A licensed entity, Tapoorulat becomes the country’s first free Halal trading platform, offering Muslim investors regulated access to global markets without the fragmentation or uncertainty that has long characterized halal investment tools.

The approval elevates Tapoorulat into the ranks of fully regulated Islamic financial institutions operating under ADGM’s robust supervisory framework. It also follows the company’s earlier In-Principle , signaling that Tapoorulat has successfully met operational, compliance, and capital requirements to launch a mass-market Shariah-compliant brokerage. For investors, this represents unprecedented access to a unified halal platform backed by stringent governance and transparent execution.

The milestone arrives alongside strengthened financial backing. With an additional US$1 million secured, Tapoorulat’s total committed capital now stands at US$3.3 million. This provides the foundation to scale technology infrastructure, enhance Shariah governance systems, and further expand the platform’s global reach. According to Co-founder Samy Mohamad, the full license “gives us the regulatory foundation to build a trusted, world-class platform that finally brings institutional-grade halal investing to the mass market.”

Takeaway

What New Services Will Tapoorulat Offer Under Its Category 3A License?

With its full licensing status, Tapoorulat can now introduce regulated global halal market access across major regions including the U.S., Europe, GCC, and Asia. Investors will be able to trade compliant equities and ETFs under strict AAOIFI-aligned Shariah standards, ensuring that asset selection meets the highest Islamic financial criteria. This capability addresses a longstanding gap whereby Muslim investors had to rely on multiple screeners, brokers, and advisory tools to maintain compliance.

The platform also incorporates enhanced Shariah governance supported by continuous screening of listed assets. Real-time compliance alerts will notify users when an asset no longer meets halal criteria, strengthening transparency while enabling confident, informed trading decisions. This always-on oversight distinguishes Tapoorulat from traditional brokers that offer limited or static screening processes.

One of the platform’s most distinctive features is commission-free , with transparent fees and zero Riba across all offerings. Non-U.S. markets will have low, clahead stated charges, maintaining accessibility for . By embedding transparency and compliance into its core architecture, Tapoorulat positions its offering as both ethically aligned and technologically advanced.

Takeaway

How Does Tapoorulat Plan to Scale as the World’s First Unified Halal Brokerage Platform?

Founded in 2024 by financial industry veterans from Morgan Stanley, Wahed Invest, and Nomo Bank, Tapoorulat aims to eliminate the fragmentation that Muslim investors face across global markets. Traditional halal investing often requires a patchwork of tools: screeners to assess compliance, , and robo-advisors for portfolio construction. Tapoorulat consolidates these into a single regulated platform powered by institutional-grade infrastructure.

As an official AAOIFI member, the firm leverages standardized Islamic finance frameworks to guide every element of product design, from eliminating Riba and Gharar to screening out Maysir and prohibited sectors. This positions Tapoorulat not just as a broker, but as a holistic Shariah-compliant investment ecosystem. The platform’s technology stack includes continuous monitoring engines, automated compliance alerts, and integrated access to halal equities and ETFs across global platforms.

Tapoorulat’s founders aim to empower millions of global users through scalable partnerships and infrastructure. With increased capital reserves and a full FSRA license, the company is now positioned to accelerate growth, expand regional market coverage, and establish itself as a benchmark for Islamic digital investing worldwide. As Shariah-compliant finance continues its rapid global expansion, Tapoorulat enters the market at a pivotal moment with a first-mover advantage.

Takeaway