The principle
Conventional sports betting and stake-based fantasy are impermissible under Islamic finance because they rest on maysir (gambling) and excessive gharar (uncertainty). ShareMatch is engineered to avoid these from first principles. Instead of staking money against a house, a user buys and sells fractional ownership of an asset whose value tracks the verifiable performance of a team, competitor or event.
Each ShareMatch asset is a haqq mali: a real, ownable financial right with a defined lifecycle, transparent pricing and auditable settlement. This is the difference between owning an asset and placing a wager.
Why it is halal by design
- Asset-backed, not stake-based: you own a performance unit, not a position against a bookmaker.
- No house, no odds-setting: prices are market-driven and transparent.
- Structural Shariah compliance: the entire contract architecture, from token issuance to settlement, is designed around Islamic finance principles, not bolted on as a label.
- Formal Fatwa covering contract structure, risk transfer, fees, custody and settlement logic.
- Independent oversight: all assets follow ShareMatch's own Shariah standards, ratified and monitored by an independent Shariah Advisory Board.
- Continuous screening by the HAL AI engine.
Practical terms
- Minimum ticket: $5.
- Settlement: USDC on the Solana blockchain.
- Funding: bank transfer, card or crypto.
- Verification: multi-layered KYC/AML identity verification for safe, compliant access in supported regions.