SAFE documents are not loans. They are warrants for future equity. The structure found in the SAFE agreement is permissible and offers a viable, interest-free solution to early stage funding for Shariah compliance minded investors.
The following is an excerpt from a collection of short essays I’ve been writing over the last few years, each one encapsulates an event in my life that I’ve titled “The Greatest Gifts.” I’ve decided to release this one as realizations that lead me to write it helped me tremendously, and I hope they will do the same for you.
Thinking back over the past 10 years, I find my mind racing to recall all the things meaningful to me during this time. Some of it is just a blank in my mind, some extremely vivid. Rather than a chronology of the various events and happenings of the last 10 years I’ve decided to review my emotions this decade.
Princeton theological seminary recently announced that it would be awarding 27 million dollars in scholarships as reparation for its involvement in the history of slavery, although it – as an institution – was not involved in the slave trade itself. The PTSEM was founded in 1812. While it did not own slaves, it did benefit from the slave economy through investment. By doing business with Southern banks and accepting donations from those who profited directly and indirectly from slavery. Its founding faculty and leaders used slave labor during their lifetime.