Shariah Smart Contracts: Where Business Meets Trust — the Halal Way
You want to invest, farm, sell, or rent — but you also want to keep it clean, fair, and aligned with your values. Let us match you with a Shariah-compliant contract based on your real-world situation.
"I have money, but not the time or skills to run a business."
→ Try: Investor-Manager Partnership
"I have skills, but not much capital."
→ Try: Skills-for-Profit Partnership
"I have a good reputation and can buy on credit."
→ Try: Reputation-Based Credit Partnership
"Me and a friend want to invest together."
→ Try: Joint Capital Partnership
"I have land, but can't farm it myself."
→ Try: Crop-Share Farming Agreement
"I want to buy something but need help financing it."
→ Try: Cost-Plus Purchase Financing
"I want to use something, not own it."
→ Try: Lease-to-Use Agreement
"I'll pay now for goods to be delivered later."
→ Try: Pay-Now, Receive-Later Purchase
"I need something custom made."
→ Try: Build-to-Order Contract
What's Your Situation?
Let our AI match you with the perfect Shariah-compliant contract
Find Your Perfect Islamic Contract
Describe your business situation or deal, and our AI will recommend the most suitable Shariah-compliant contract.
Our AI uses OpenAI's GPT-4 to analyze your situation and recommend the most appropriate Islamic contract based on Shariah standards.
Let's Build with Trust. Not Just Contracts.
Powered by Blockchain. Guided by Shariah.
Islamic Contract Types Implemented
Our platform supports various Islamic contract structures, each implemented as smart contracts on the blockchain:
Musharakah al-Inan
A partnership where partners contribute capital of unequal amounts and have unequal profit sharing and limited liability.
Mugharasah
A contract where one party provides land and the other plants and tends trees, with both sharing the harvest according to agreement.
Muzara'ah
An agricultural partnership where one party provides land and the other cultivates it, with both sharing the harvest.
Musaqah
A contract where one party provides fruit-bearing trees and another irrigates and tends them, sharing the fruits.
Musharakah al-Wujuh
A partnership based on reputation where partners purchase goods on credit and share profits from sales.
Musharakah al-Abdan
A partnership where partners contribute labor or expertise rather than capital and share profits accordingly.
Murabaha
Cost-plus financing structure where the seller discloses the cost and profit margin to the buyer.
Mudarabah
Investment partnership where one party provides capital and the other provides expertise and management.
Ijarah
Lease structure where the lessor retains ownership while the lessee has the right to use the asset.
Salam
Forward sale contract where payment is made in advance for goods to be delivered at a future date.
Istisna'a
Manufacturing contract where payment can be made in installments as the manufacturing progresses.
Key Features of Shariah Smart Contracts
Our smart contracts are built with several key features that ensure compliance with Islamic principles:
Our smart contracts are designed to automatically prevent any interest-based transactions, ensuring full compliance with the Islamic prohibition of riba (interest).
Smart contracts enforce clear terms and conditions, eliminating excessive uncertainty (gharar) that could lead to disputes or exploitation.
Our contracts are structured to avoid speculative or gambling-like elements (maysir), focusing instead on real economic value and fair exchange.
Smart contracts include verification mechanisms to ensure that all underlying assets and activities are halal (permissible) according to Islamic law.
Integration with Amanah Score
Our Shariah Smart Contracts are integrated with the Amanah Score system, allowing for:
- Automatic verification of parties' Amanah Scores before contract execution
- Conditional clauses based on maintaining minimum Amanah Score thresholds
- Transparent recording of contract performance, affecting future Amanah Scores
- Dispute resolution mechanisms aligned with Islamic principles
Benefits of Amanah Score-Integrated Smart Contracts
- Enhanced Trust: Parties can verify each other's ethical track record before entering agreements.
- Risk Reduction: Lower risk of dealing with parties that don't adhere to Islamic ethical principles.
- Incentivized Ethical Behavior: Businesses are motivated to maintain high ethical standards to improve their scores.
- Community Building: Creates a network of businesses committed to Islamic ethical principles.