Al-Rawdah Ltd - Investor Concerns & How to Recover Your Funds

Refundee is looking to speak to investors of Al-Rawdah Ltd amid concerns of returns not being paid and investors fear their funds may have been lost. 

Directors of Al-Rawdah Ltd, Belal Parveez / Rizwaan Sama, offered investors the opportunity to invest in Shariah compliant land investments which would be used to develop property to generate returns. 

Since then, no returns have been received and the company has made multiple excuses as to why these have not been paid with investors fearing that they may have lost their funds.

Refundee is currently helping affected investors explore fund recovery options through UK banking regulations on a no win, no fee basis.

If you invested with Al-Rawdah Ltd , you can complete our claim form for a free assessment to find out whether you may be eligible to recover your funds.

What Happened with Al-Rawdah Ltd?

Investors were presented with a supposedly Shariah Compliant investment that would be used to develop property and a large estate, backed by real estate developers in London.

Attractive returns were offered of up to 30% over the period of 12-18 months once the project had been completed. The 18 month period has since well passed and investors have been left looking for answers on where their money has gone. 

Reported Red Flags

Investors have reported the following warning signs:

  • High returns of up to 30%

  • No evidence of the project undertaking work

  • Multiple excuses for why the project is delayed

  • Returns have not been paid

  • Lack of regulatory approval for investments

  • Presenting a ‘Shariah Compliant’ investment to attract communities to invest

Can You Recover Funds From Al-Rawdah Ltd?

If you have lost money to Al-Rawdah Ltd, recovery may still be possible depending on the circumstances of the payment.

In some cases, investors who transferred funds from a UK bank account may be able to pursue reimbursement through Authorised Push Payment (APP) fraud rules through regulations such as the Contingent Reimbursement Model (CRM Code) and Mandatory Reimbursement.

Refundee is currently speaking with victims who invested in Al-Rawdah Ltd to assess potential recovery routes.

Who can Refundee help?

If your bank is signed up to the Contingent Reimbursement Model (CRM) Code and you meet the criteria below, you might be able to claim your money back:

  • You made the payment from your UK bank account after the 28th of May 2019

  • Your payment was sent to another UK bank account

Check our list of participating banks to see if yours is signed up to the CRM code.

Your payment might also be eligible under the Mandatory Reimbursement Scheme (MRS) if:

How would the process work?

Refundee manages the case from start to finish.

Our fees are transparent and structured on a no win, no fee basis.

To date, we have helped recover over £120 million for clients affected by scams

The process typically involves:

1️⃣ Investigating the circumstances of the investment
2️⃣ Preparing a complaint to the bank
3️⃣ Escalating the case to the Financial Ombudsman Service where appropriate

Recovery cases typically take 6–12 months, although timelines can vary depending on the circumstances.

We operate on a no win, no fee basis. You do not pay unless funds are successfully recovered.

If you have invested then you may be eligible for a refund, you can complete our claim form for a free initial assessment.

More About Refundee

Here are the technical bits:

Refundee Ltd is a claims management company authorised and regulated by the Financial Conduct Authority in respect of regulated claims management activity FRN: 937096.

Registered with the Information Commissioner's Office; registration number: A8986071.

Registered office address: Refundee, 3rd Floor, 86-90 Paul Street, London, EC2A 4NE.  

Registered as a company in England & Wales; number: 12855931.