Shariah Compliance

Faith-BasedInvesting.

All Al-Fardan Q9 investment products are certified Shariah-compliant by our independent supervisory board. 50+ digital assets individually assessed following AAOIFI standards.

Sheikh Zayed Grand Mosque, Abu Dhabi
50+
Assets Reviewed
42
Shariah Compliant
5
Under Review
3
Non-Compliant
Shariah Supervisory Board

Independent Scholarly Oversight

Sheikh Dr. Tariq Al-Mahrouqi

Sheikh Dr. Tariq Al-Mahrouqi

Chairman, Shariah Supervisory Board

PhD Comparative JurisprudenceAAOIFI Sharia BoardAl-Imam University

A world-renowned scholar in Islamic finance with over 25 years of experience. Sheikh Dr. Al-Mahrouqi serves on the AAOIFI Sharia Board and has chaired Sharia boards across GCC institutions including Dubai Islamic Bank. He oversees the compliance of all Al Fardan Q9 products and services.

Our Principles

Islamic Finance Standards

Every assessment follows AAOIFI standards and is verified by independent scholars.

No Riba (Interest)

All products structured to avoid interest-based returns, using Murabaha, Musharakah, and Wakalah structures approved by our Shariah Board.

No Gharar (Uncertainty)

Transparent terms, clear pricing, and full disclosure on all investment products and their underlying mechanics. No speculative elements.

No Haram Assets

Rigorous screening of 50+ digital assets ensures all protocols and tokens meet Shariah compliance standards before client access.

Independent Oversight

Our Shariah Supervisory Board operates independently with full authority to approve or reject any product. Assessments follow AAOIFI standards.

Screening Pipeline

From Universe to Certified

1,500+Universe of Digital AssetsMonitored coins, tokens, and structured products across tracked chains.320Automated ScreenPass initial AAOIFI-aligned rules: no interest, no gharar, no haram sectors.78Board ReviewFull dossier reviewed by the Shariah Supervisory Board for mandate fit.52Certified PermissibleCarry a live Shariah certificate; published under the reporting cycle.

Indicative counts — refreshed each reporting cycle.

SHARIAH SUPERVISORY BOARD · AL FARDAN Q9AAOIFI-ALIGNED · REVIEWED · CERTIFIEDAFQ9Halal CertifiedSheikh Dr. T. Al-Mahrouqi · Chair

Supervisory Attestation

Certified under the Al Fardan Q9 Shariah Supervisory Board

Chaired by Sheikh Dr. Tariq Al-Mahrouqi (AAOIFI). Every asset and product line passes a documented review cycle before onboarding, and remains on a published re-review schedule.

Quranic texts and prayer beads — Shariah compliance
Asset Screening

Digital Asset Compliance

50+ digital assets individually reviewed by our Shariah Supervisory Board.

Shariah Compliant (42)

BTCBitcoinETHEthereumSOLSolanaADACardanoAVAXAvalancheMATICPolygonAlgorandATOMCosmosDOTPolkadotTezosNEARFantomVeChainStellarLitecoinBitcoin CashMoneroZcashDashEthereum ClassicLINKChainlinkThe GraphFilecoinArweaveHeliumLido DAORocket PoolARBArbitrumOptimismZKsyncMantleStarknetBNBBinance CoinOKBGateTokenKuCoin TokenInternet ComputerAptosSuiSeiInjectiveCelestia

Under Review (5)

USDCUSD Coin (USDC)USDTTether (USDT)DAIFirst Digital USD (FDUSD)PayPal USD (PYUSD)

Non-Compliant (3)

Maker (MKR)AAVEAave (AAVE)Compound (COMP)

Asset classifications are subject to periodic review. Stablecoins are under active Shariah assessment. DeFi lending protocols are classified as non-compliant due to interest-bearing mechanisms.

Reports & Certificates

Shariah Documentation

Full transparency on all Shariah assessments, fatwa certificates, and quarterly audits.

Annual Shariah Compliance Report 2025December 2025
SOL Staking Fatwa CertificateOctober 2025
ETH Staking Fatwa CertificateOctober 2025
Murabaha Lending Structure ApprovalAugust 2025
Quarterly Shariah Audit Q3 2025September 2025
Digital Asset Screening MethodologyJuly 2025
Quarterly Shariah Audit Q2 2025June 2025

Shariah Inquiries

For questions about our Shariah compliance methodology, asset screening, or to request full compliance reports, contact our Shariah team.

shariah@alfardanq9.com