Shariah Governance

We believe value preservation and ethical finance share the same root: caring for what has been entrusted to you. The halal track is not a marketing layer — it is a separately structured set of products with its own contracts, treasury, and oversight.

Members opt into the halal track during onboarding and can switch tracks at any time. Mixing of compliant and non-compliant balances is prevented at the ledger level.

The halal track currently covers:

• Accounts: non-interest-bearing multi-currency wallets and region-specific IBANs.
• Savings: profit-sharing arrangements structured under Mudarabah / Wakalah, not interest.
• Metals: allocated, physically held gold and silver, transferred on a spot basis in line with classical fiqh requirements.
• Investing: a curated selection of Shariah-screened equities, sukuk, and ethically constrained funds.
• Cards & transfers: debit-only cards (no interest-bearing credit) and transparent fee-based transfers.

Conventional credit, interest products, derivatives, and non-compliant assets are excluded from the halal track entirely.

An independent Shariah Supervisory Board (SSB) of qualified scholars reviews Avin's product structures, contracts, marketing materials, and ongoing operations. The SSB issues a written fatwa for each compliant product and reviews material changes before launch.

The board operates independently of Avin's commercial teams. Its rulings are binding on the halal track.

• Wadiah / Qard: safekeeping for current-account balances.
• Mudarabah & Wakalah: profit-sharing and agency contracts used for savings and investing products.
• Murabaha & Ijarah: where deferred-payment or leasing structures are appropriate and approved by the SSB.
• Bai al-Sarf: spot exchange rules applied to currency and metals trades on the halal track.

Where incidental non-compliant income arises — for example, residual interest paid by a partner bank on segregated balances — it is identified, segregated, and donated through approved charitable channels. Avin never retains purified income, and a summary is published with the annual Shariah audit.

An annual Shariah audit is conducted by an external auditor and reviewed by the SSB. The summary report, including any corrective actions, is made available to members in-app.

Membership in the halal track requires using only the products designated as compliant. Funding the halal track from clearly non-compliant sources (for example, riba-based earnings) is the member's responsibility to address with their own advisor; Avin's compliance applies to how funds are held and grown inside the account, not their origin.

Questions about the halal track or the SSB? Write to shariah@avin.app.