teqwah.

Shariah & governance

Halal is the structure, not the label.

Compliance here is a matter of contract design and asset selection. Below is exactly how each venture is structured and what is reviewed before capital moves.

Principles

Six standards applied to every venture.

No riba

Teqwah does not lend at interest and does not borrow at interest. There is no fixed coupon owed to a participant regardless of venture performance.

Profit and loss are shared

If a venture earns, the profit is split on a pre-agreed ratio. If it underperforms, participants carry that outcome proportionally. That symmetry is what makes the return permissible.

Tangible backing

Every allocation maps to a physical asset: a titled concession, a registered machine, an assayed lot, a deeded property. No synthetic exposure, no derivatives.

No gharar

Contracts state the asset, the share, the reporting cadence and the exit mechanism before capital is accepted. Excessive uncertainty is designed out rather than disclosed away.

Screened sectors

Capital is never deployed into alcohol, gambling, conventional finance, adult industries or pork-related supply chains, whether directly or through a counterparty.

Zakat visibility

Holdings statements report the zakatable base for each participant so obligations can be calculated without reconstructing the position by hand.

Contracts

Three structures, matched to the asset.

The contract follows the nature of the asset rather than the other way round.

Mudarabah

Gold trade

Participants provide capital; Teqwah provides the operating expertise and desk relationships. Profit is divided on an agreed ratio. Losses of capital, absent misconduct, sit with the capital provider — which is why the underwriting standard matters more than the marketing.

Musharakah

Mining land, real estate

Both sides contribute capital and both share in profit and loss proportionally. Teqwah retains a working stake in every concession and property venture so its exposure moves with the participant's.

Ijarah

Excavator fleet

The venture owns the machine outright and earns rental income from its hire. The return is rent on a real asset, not interest on a loan used to buy one.

Oversight

What gets reviewed, and when.

  1. 01

    Before onboarding

    Asset title, assay or valuation, counterparty screening and sector screening are completed before a venture is listed to participants.

  2. 02

    At allocation

    Contract terms, profit-sharing ratio and reporting obligations are issued in writing to each participant prior to settlement.

  3. 03

    Each quarter

    Production, utilisation and occupancy figures are compiled, distributions are calculated against the stated ratio, and holdings statements are issued.

  4. 04

    Annually

    Venture-level accounts and the compliance screen are re-run in full, and any venture that has drifted outside the mandate is wound down or restructured.

Figures shown are projections modelled from operating performance bands, not guaranteed returns. Mining land is deposit-led, so its outcome is presented as a range rather than a single target. All ventures are asset-backed, reported quarterly, and structured to remain halal.