Amanah Advisors
Amanah Advisors is a UK-based Islamic finance consultancy that provides Shariah compliance certification services for digital assets and financial instruments, serving Islamic banks and halal investment providers across the GCC, South Asia, and Africa, led by Mufti Faraz Adam.
- Company typePrivate
- Founded2016
- HeadquartersBlaby, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Amanah Advisors does
Amanah Advisors is a UK-based Islamic finance consultancy founded in 2016 and headquartered in Blaby, providing Shariah advisory services across Islamic finance, banking, Takaful, capital markets, Zakat, wills, and fintech. The firm's core product is Shariah compliance certification for financial instruments and digital assets, evaluating whether products meet Islamic finance principles including full physical asset backing, absence of riba (interest), leverage, and speculative derivatives, and transparent reserve disclosures. Its primary customer segments are Islamic financial institutions and halal investment providers, with a documented focus on the GCC, South Asia, and Africa — regions where the firm positions its certifications as a gateway to the broader Islamic finance market.
The firm operates as a small specialist consultancy (1-10 employees) led by Mufti Faraz Adam, whose personal scholarly reputation underpins the credibility of the certifications issued. Its most documented strategic engagement is the July 2026 Shariah certification of Tether Gold's XAU₮ token, the first such certification of a major gold-backed stablecoin, which validated the token's physical gold backing in Swiss vaults and its compliance with Islamic finance principles. The business model is consultancy-based, with no publicly disclosed pricing or recurring revenue structure; the firm appears to monetize through per-engagement certification and advisory mandates rather than subscription or platform-based revenue. No funding rounds, acquisitions, or notable hires beyond the founder are documented in the available data.
Amanah Advisors firmographics
Firmographics- Name
- Amanah Advisors
- Website
- https://amanahadvisors.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Amanah Advisors is a UK-based Islamic finance consultancy that provides Shariah compliance certification services for digital assets and financial instruments, serving Islamic banks and halal investment providers across the GCC, South Asia, and Africa, led by Mufti Faraz Adam.
- Ownership category
- akta.pro rank
Amanah Advisors industry classification
Industry- Product category
- Islamic Finance Advisory
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ)
Keywords
Where Amanah Advisors is headquartered
LocationHeadquarters
- HQ city
- Blaby
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Amanah Advisors business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations
Amanah Advisors product offering
Product offeringCore offering
Amanah Advisors is an Islamic finance consultancy that provides Shariah compliance certification services for digital assets and financial instruments. The firm evaluates products against Islamic finance principles, validating full physical asset backing, absence of interest (riba), leverage, and speculative derivatives, and transparent reserves. Its certifications enable financial products to access Islamic banking and halal investment markets across the GCC, South Asia, and Africa.
Product overview
Amanah Advisors is an Islamic finance consultancy that provides Shariah compliance certification services. The company evaluates financial instruments and digital assets to confirm they meet Islamic finance principles, including full physical asset backing, absence of interest (riba), no leverage, and transparent reserves. Their primary offering is certification services that enable financial products to access Islamic banking markets across the GCC region, South Asia, and Africa.
Differentiator
Problem solved
Functional benefit
Products and services
- Shariah Compliance Certification Services Islamic finance consultancy service that evaluates digital assets and financial instruments and issues Shariah compliance certifications confirming adherence to Islamic finance principles, including physical asset backing, absence of riba, leverage, and speculative derivatives, and transparent reserves. Targeted at Islamic banks, halal investment providers, and tokenized-asset issuers seeking access to GCC, South Asia, and African markets.
Companies that use Amanah Advisors
Customer profileSegments2 records
Ideal customer profiles2 records
Amanah Advisors technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Amanah Advisors partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Tether Gold (XAUt)coreAmanah Advisors, led by Mufti Faraz Adam, provided official Shariah compliance certification to Tether Gold's XAU₮ token. The certification confirmed the token's compliance with Islamic finance principles including full physical gold backing in Swiss vaults, absence of interest (riba), leverage, and speculative derivatives, and transparent reserve disclosures. This certification enables Tether Gold to market the tokenized gold product to Islamic financial institutions and investors across GCC countries, South Asia, and parts of Africa.
Recent moves4 records
Expansion highlights4 records
Amanah Advisors competitors and assessment
Company assessmentBroad incumbents
- ISRA (International Shariah Research Academy for Islamic Finance): Malaysia-based research and advisory institution that produces Shariah rulings and policy research used by Islamic finance practitioners. Adjacent incumbent in the same Shariah governance ecosystem.
- AAOIFI: Accounting and Auditing Organization for Islamic Financial Institutions — the dominant standard-setting body whose Shariah standards shape the certification frameworks Amanah applies. Broad incumbent that defines the rules Amanah operates within.
Emerging players
- Zoya Finance: Shariah-compliant investment screening and analytics platform targeting retail and institutional halal investors. Emerging player at the intersection of Islamic finance and digital tooling.
- IdealRatings: Provides Shariah screening and ESG/rating technology to Islamic investment providers. Adjacent emerging player offering technology-enabled Shariah compliance screening for halal funds and portfolios.
- Blossom Finance: Shariah-compliant DeFi protocol issuing Murabaha-based yield products. Emerging player that itself requires Shariah certification, representing a potential client archetype for Amanah.
- Wahed Invest: Shariah-compliant digital investment platform with global retail reach. Operates in the same Islamic finance / digital-asset intersection and may engage Shariah certifiers like Amanah for product approvals.
- Himayah: Digital asset Shariah compliance and risk advisory platform serving crypto and Web3 projects seeking Islamic-finance market access. Closest emerging peer in the digital-asset Shariah certification niche Amanah is pursuing.
Direct peers
- Shariyah Review Bureau: Shariah advisory and certification firm serving Islamic financial institutions globally. Closest direct competitor to Amanah in providing official Shariah compliance certifications and supervisory board services.
- Dar Al Sharia: Dubai-based Shariah advisory firm providing Shariah compliance reviews, audits, and certification for Islamic banks, Takaful operators, and capital markets participants across the Middle East.
- ShariaReview: Independent Shariah advisory firm offering Shariah certification, product structuring, and supervisory board services to Islamic financial institutions. Direct peer in the same niche advisory segment.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Amanah Advisors social profiles
Digital presenceAmanah Advisors financial estimates
Financial estimateRevenue estimate
Valuation estimate
Amanah Advisors leadership team
Management profileNumber of profiles
Profiles1 record
Amanah Advisors funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Amanah Advisors M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Amanah Advisors
What does Amanah Advisors do?
Amanah Advisors is an Islamic finance consultancy that provides Shariah compliance certification services for digital assets and financial instruments. The firm evaluates products against Islamic finance principles, validating full physical asset backing, absence of interest (riba), leverage, and speculative derivatives, and transparent reserves. Its certifications enable financial products to access Islamic banking and halal investment markets across the GCC, South Asia, and Africa.
When was Amanah Advisors founded?
Amanah Advisors was founded in 2016. It employs 1 to 10 people.
Where is Amanah Advisors based?
Amanah Advisors is headquartered in Blaby, United Kingdom, in the Europe region.
Who are Amanah Advisors's main competitors?
Broad incumbents on record are ISRA (International Shariah Research Academy for Islamic Finance) and AAOIFI. Emerging players are Zoya Finance, IdealRatings, Blossom Finance, Wahed Invest and Himayah. Direct peers are Shariyah Review Bureau, Dar Al Sharia and ShariaReview.
Does Amanah Advisors have an API?
No public API is recorded for Amanah Advisors.
What industry is Amanah Advisors in?
Amanah Advisors's product category is Islamic Finance Advisory. Its primary akta.pro industry code is FSABAGAJ, Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa). Its NAICS code is 523940 and its SIC code is 6282.