Shariah-Compliant Contract
Create and manage Shariah-compliant contracts with our 5-step workflow
About Shariah-Compliant Contracts
Understanding the principles and workflow of our Shariah-compliant contracts
Our Shariah-compliant contracts implement a comprehensive 5-step workflow that ensures adherence to Islamic finance principles while leveraging blockchain technology for transparency and efficiency.
Key Features
- Qur'anic Ayat al-Dayn (2:282-283) as guiding principles
- Witness requirement for contract validation
- Multiple contract templates (Salam, Murabahah, Istisna, Barter)
- Integrated Amanah Score™ for reputation tracking
- Collateral options: Rahn, Kafalah, and Ḍamān
Workflow Steps
- Draft & Sign: Create and sign the contract with witnesses
- Lock & Escrow: Secure assets or funds in escrow
- Secure: Add collateral under Shariah-compliant rules
- Deliver & Score: Confirm delivery and update Amanah Score
- Tokenize: Convert assets to tokens (with Amanah Score ≥90)
Shariah-Compliant Contract Workflow
5-step Shariah-compliant workflow with Qur'anic Ayat al-Dayn (2:282-283) as guiding principles
Contract: rediss...zA0Yjk0ZDM0OGIzZWY0OTk5ZDQ0OWRkOXAxMA@touching-sailfish-23066.upstash.io:6379
STEP 1: Draft → Sign ("Create Contract")
Buyer & Seller pick a template and e-sign. Two witnesses must be recorded, per Ayat al-Dayn (Baqara 2:282).
Not Signed
Not Signed
Barter