Structural Shariah compliance
Shariah compliance at ShareMatch is not a label applied to a finished product. The entire contract architecture, from token issuance to settlement, is designed around Islamic finance principles. Assets are structured as real-world assets (haqq mali) to avoid maysir (gambling) and excessive gharar (uncertainty).
The formal Fatwa
ShareMatch holds a formal Fatwa from leading global Islamic scholars, issued and independently monitored. The Fatwa covers:
- contract structure
- risk transfer
- fees
- custody
- settlement logic
The independent Shariah Advisory Board
All assets follow ShareMatch's own Shariah standards, ratified by an independent Shariah Advisory Board. The Board's role is ongoing: it ratifies standards and oversees their application as new markets and asset classes are added.
Continuous compliance screening
The HAL AI engine performs real-time, continuous Shariah-compliance screening across the platform, alongside real-time market analysis and sports intelligence. Every market is screened for Shariah compliance before it goes live and monitored thereafter.
Multi-layered compliance and protection
- Identity: advanced KYC/AML identity verification.
- Records: permanent blockchain records on Solana, providing an auditable trail.
- Regulatory posture: engineered for full regulatory approval across the GCC, built on transparency rather than regulatory arbitrage.
- Data protection: adheres to UK GDPR, EU GDPR, the UAE Personal Data Protection Law (PDPL) and the Saudi Arabian Personal Data Protection Law (KSA PDPL).
Intellectual property
ShareMatch's settlement technology and market structure are the subject of global patent and trademark applications.