Shoraka Suyula Platform

Shoraka Suyula Platform is a secured digital marketplace for Re-Rahnu transactions. The platform (which is the first of its kind in the world) would enable Ar-Rahnu operators to better manage their liquidity requirement. The innovative digital platform provides a secure marketplace to fund Ar-Rahnu operators.

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The Suyula platform is the member of the first cohort of FIKRA Programme (Islamic Fintech Accelerator Programme). FIKRA is a joint initiative by the Securities Commission Malaysia (SC) and the UN Capital Development Fund (UNCDF). The objective is to further enhance the Islamic capital market (ICM) ecosystem in Malaysia by identifying and scaling innovative fintech solutions.

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FIKRA supports the growth of innovative Islamic fintech solutions through structured mentorship, access to a network of industry and other domain experts, along with relevant regulatory guidance and engagement with investors for funding opportunities, primarily through a three-month accelerator programme.

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This digital platform is operated by Shoraka Suyula Platform Sdn Bhd, which is one of the companies under the grouping of Shoraka Digital Ventures.