Flexxpay secures Shariah certification

July 27, 2020: FlexxPay, a cloud-based technology solution enabling employees to access their ‘earned income' whenever needed, receives a Sharia Compliance certification for its platform from Shariyah Review Bureau. The platform has the convenience to be accessed through a mobile app, or web. 

Employers benefit from no integration hassle and no changes to the payroll cycle or any risk of impacting the company’s cash-flow cycle. For employees, the benefits include the ability to access a portion of their earned salary and commission instantly, whenever required. There are no credit checks necessary with automatic eligibility for all employees once the employer is enrolled; no interest charge, only a nominal transaction fee. Employees with commission-based salaries also stand to benefit instead of traditionally waiting several months to collect.

Speaking on the assignment of Shariyah Review Bureau, Michael Truschler, CEO of FlexxPay stated: "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.”