Mubasher: Permian Holding has announced that it received a Sharia Certification from Bahrain’s Shariyah Review Bureau (SRB), according to a company statement on Wednesday.
Permian Holding focuses its investments in the acquisition of proven oil reserves in order to generate revenues for suppliers and cut the administrative costs that discourage investors’ attempts to enter the sector.
“We are offering a Platform-as-a-Service (PaaS) that helps solve the working capital requirements of oil exploration and production companies while allowing investors equity benefits from the value of proven reserves,” Permian Holding’s director Mohamed El Masri commented.
Permian Holding is committed to Sharia compliance and seeks to meet Islamic investors’ needs, the top official added.
