Millions already save and lend in trusted community circles — jam’iyya, ROSCAs, Qard al-Hasan funds — outside the banking system. QAHF lets a bank bring them in, on its own rails and brand.
Across the region, families, neighbours and colleagues pool money every week. It is large, recurring and trust-based — and almost entirely outside the banking system.
Communities, not accounts
People already organise into trusted circles — the unit banks aren’t built to serve.
Recurring, predictable flows
Weekly or monthly contributions and payouts — exactly the cadence banks want.
Interest-free by design
Qard al-Hasan and rotating funds are Sharia-aligned and socially trusted.
The solution
A community-finance product the bank can switch on.
White-labelled under the bank’s brand. A community defines itself, the bank verifies and holds the funds, and the platform runs everything in between.
Self-defined groups
Members create a named circle and set their own rules.
Bank-grade KYC
Every member verified through the bank’s onboarding.
Pooled escrow
Contributions collected into a bank-held community account.
Rules engine
Scheduled saving and payout by draw, need or order.
Member cards
Cards on the bank’s rails, linked to the community wallet.
Governance & records
Remote meetings, decisions and ledgers, fully auditable.
How it works
The bank stays the regulated front. We never touch the money.
Communities
Define the group, invite members, set the rules.
↔
The Bank
KYC, the pooled escrow, cards and all funds.
↔
QAHF / CBaaS
Orchestration, scheduling, records — software only.
Money moves between members and the bank. QAHF sends instructions and keeps the record — so the platform is never a holder of client funds.
Why the bank wins
Deposits, customers and a story — in one product.
Low-cost deposits
Every community pool is CASA float sitting on the bank’s balance sheet.
Acquisition by the group
Whole communities onboarded at once — the mass market, in clusters.
Financial inclusion
Serve the underserved profitably — ESG and Islamic social impact, delivered.
Category leadership
First bank to own digital community finance — a durable brand story.
Compliant by design
Sharia alignment is the foundation, not a feature.
Qard al-Hasan
Benevolent, interest-free lending at the core of the model.
No riba
No interest on pools or payouts; draws are sequencing, not gain.
Fee as ujrah
Revenue is a service fee, fully decoupled from the money pool.
Not another savings app. Consumer ROSCA apps sell to end-users. QAHF is bank infrastructure — the rail those products would run on. Different category, different buyer.
For investors
Investment process
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Snapshot
QAHF (Qarz-Al-Hasanah Fund) is Islamic social-finance infrastructure for banks. It lets a bank digitise informal community savings & lending circles — on the bank’s own rails and brand, powered by our CBaaS platform.
In one line
The bank holds all funds and performs KYC; QAHF is software and payment instructions and never holds float — which keeps us outside SVF/payment licensing by design.
The ask
Raise [ USD 1–2M ] via a convertible note (cap [ USD 8–10M ], [ 15–20% ] discount), for ~[ 12–20% ] of Kahf (the UAE opco). The IP stays in TechCo.
Opportunity & solution
The opportunity
Across the region, families, neighbours and colleagues pool money every week (jam’iyya, ROSCAs, Qard al-Hasan funds) — large, recurring, trust-based, and almost entirely outside the banking system. Legacy banks can’t profitably serve a 25-person fund.
The solution
A CBaaS-powered, white-label community-finance product the bank switches on: self-defined groups, bank-grade KYC, a bank-held pooled escrow, a rules engine for contributions and payouts, member cards on the bank’s rails, and auditable governance — all under the bank’s brand.
How it works & product
Architecture
Three nodes: Communities ↔ The Bank (KYC, escrow, cards, all funds) ↔ QAHF / CBaaS (orchestration, scheduling, records). Money moves between members and the bank; QAHF instructs and keeps the record.
The app
A mobile-first app with member and trustee roles, three payout mechanisms (lottery, by need, fixed order), bilingual EN/AR with full RTL, and a localised community unit (Circle / جمعية). A working bilingual prototype exists.
Why the bank wins
Low-cost deposits. Community pools become CASA float on the bank’s balance sheet.
Acquisition by the group. Whole communities onboarded at once — the mass market, in clusters.
Financial inclusion. Serve the underserved profitably — ESG and Islamic social impact, delivered.
Category leadership. First bank to own digital community finance — a durable brand story.
Market & go-to-market
Sequencing
UAE first with an anchor bank → Iraq (a Karbala institutional partnership; the UAE–Iraq BIT as the bridge) → federated across Islamic-majority markets, each a separate entity with local investors.
Motion
Land-and-expand: anchor bank → pilot → segment rollout → multi-bank. Bank infrastructure, not a consumer ROSCA app (vs MoneyFellows, Hakbah, Circlys). A reference pilot is the biggest unlock.
Business model & Sharia
Revenue
A SaaS subscription (a free first month, then a monthly fee) charged as a service fee — never from float — alongside card-program economics. Bank-neutral and multi-bank by design.
Sharia
Qard al-Hasan at the core; the fee structured as ujrah, fully decoupled from the pool; no riba and no late penalties. Clean for a Sharia board and central to the social mission.
Financials & the deal
Scenarios (illustrative)
A lean, freelancer-led model reaching a proven pilot on the raise, with a path to profitability as communities scale. Full model available separately.
The deal
Raise [ USD 1–2M ], in two tranches (signing & pilot go-live).
Convertible note: cap [ USD 8–10M ], discount [ 15–20% ] → ~[ 12–20% ] of Kahf.
Investor equity is in Kahf (UAE opco) only; TechCo (CBaaS IP & brand) stays with the founder and licenses to Kahf.
Regulatory, roadmap & data room
Regulatory posture
Pass-through by design (no float → outside SVF); the bank is the regulated front and performs KYC; elected trustees act as signatories for each community; the card is issued by the bank. Radical UBO transparency throughout.
Deck, financial model, term sheet, regulatory memo, market-penetration & action plans, KYC/AML matrix, security plan and the foundation document are available on request.
Partnership
Let banks lead inclusive, interest-free finance.
The communities already exist. The trust already exists. We give the bank the rails to bring them in — and the story to lead with.