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Zakatify
United States
Dec 2016 (8 Years)
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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 Zakatify
Company Information
Get to know Zakatify
Zakatify provides an easier and more meaningful way for Muslims to fulfill their charitable obligations. It allows users to discover nearly 1,500 zakat-eligible charities in the US, create a personalized portfolio of favorite charities, set an annual zakat goal and allow automatic distribution of funds, or make immediate donations to the causes users care most about. More than just an app, Zakatify is the core of a charitable community that transforms the scope and spirit of zakat.
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