They passed KYC,so how can they cheat with investors? Arabian investors are very serious guys, so I wouldn't play with them.
In some countries there is a death penalty for such tricks
In whatever country the project was not registered to joke with the Arab countries is not necessary. this will backfire. The project team should understand this.
The Muslim people are very careful about their Sharia rules, I am sure that the development team did not break anything, but only adhere to the rules