Shariah & Compliance
Moria is Shariah-compliant by design. There is no interest (riba); every product maps to a recognized Islamic contract (akad), and money handling follows bank-grade controls.
Product-to-akad mapping
Section titled “Product-to-akad mapping”| Product | Contract (akad) | Principle |
|---|---|---|
| Wallet | Wadiah / Qard | Safe-keeping of funds; no interest earned or charged |
| Saving Goals | Wadiah / Mudarabah | Held savings toward a target; profit-sharing where applicable |
| Saving Circles | Ta’awun (mutual cooperation) | Rotating group savings, no interest |
| Commodity Financing | Murabaha | Cost-plus asset sale at a disclosed margin |
| Investments | Mudarabah / Sukuk | Profit-sharing and Shariah-compliant securities |
| Takaful | Tabarru’ (donation-based mutual aid) | Members jointly guarantee one another |
| Charitable Causes | Zakat / Wakaf / Sedekah | Obligatory and voluntary giving |
Compliance posture
Section titled “Compliance posture”- No riba — no product charges or pays interest.
- Transparent margins — financing margins are disclosed up front.
- Segregated intent — charitable funds (zakat, wakaf) are tracked separately from commercial products.
- KYC / AML — members complete identity verification before transacting.
- Auditability — every money movement is recorded on a double-entry ledger and is reconcilable.
- Data protection — personal data is encrypted at rest.
Governance
Section titled “Governance”The product set and contracts are structured for review by a Shariah supervisory board. Partners offering these products inherit that compliance framework.