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Musaffa
United States
14 Dec 2020 (4 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Musaffa
Company Information
Get to know Musaffa
Musaffa is a platform for stock trading, investment, and Islamic finance education that aims to attract investors who want to connect their money with their principles and faith. Their website will not only allow investors to trade Shariah-compliant securities, but it will also function as an Islamic Finance education platform, where investors can learn more about investment principles and how to invest in Shariah-compliant assets such as equities and ETFs. Musaffa is headquartered in Lyndhurst, New Jersey and was founded in 2020.
Industry
- Financial Other ServicePRIMARY
- Technology Software Trading Platform
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