Shari'ah Compliance Policy
Last Updated: 20 December, 2025
This Shari'ah Compliance Policy ("Policy") outlines Foundect's approach to facilitating Shari'ah-aligned investment activities on its platform.
This Policy is intended for transparency and informational purposes only and does not constitute religious, legal, or financial advice.
1. Purpose of This Policy
Foundect aims to support ethical, Shari'ah-aligned investment opportunities by providing a digital platform that connects investors and businesses.
This Policy explains:
- How Shari'ah principles are considered on the Platform
- The responsibilities of Foundect, Businesses, and Investors
- The limitations of Foundect's role regarding Shari'ah compliance
2. Foundect's Role & Disclaimer
Foundect:
- Is NOT a Shari'ah-certified institution
- Does NOT issue fatwas or religious rulings
- Does NOT act as a Shari'ah advisory board
- Does NOT guarantee Shari'ah compliance of any campaign
Foundect operates solely as a technology and facilitation platform.
All final Shari'ah determinations remain the responsibility of users.
3. Shari'ah-Aligned Structures Supported
The Platform is designed to facilitate investment structures that are commonly recognized as Shari'ah-aligned, including but not limited to:
- Musharakah
- Mudarabah
- Murabaha
The inclusion of these structures does not imply certification or approval by Foundect.
4. Business Responsibilities
Businesses launching campaigns on Foundect are solely responsible for ensuring that:
- Their activities comply with Shari'ah principles
- Their business operations avoid prohibited (haram) activities
- Investment structures are disclosed accurately
- Profit mechanisms do not involve riba (interest), gharar (excessive uncertainty), or haram income
Businesses must not misrepresent their Shari'ah alignment.
5. Investor Responsibilities
Investors acknowledge and agree that:
- They are responsible for assessing Shari'ah compliance personally
- They should seek independent Shari'ah or financial advice if required
- Investment decisions are made at their own discretion
Foundect does not substitute personal due diligence.
6. External Review & Verification
Foundect may, at its discretion:
- Engage external Shari'ah reviewers
- Request Shari'ah-related documentation from Businesses
- Display Shari'ah-related disclosures provided by Businesses
However:
- External reviews do not constitute certification by Foundect
- Foundect does not guarantee the accuracy of external opinions
7. No Guarantee of Continuous Compliance
Shari'ah compliance may evolve over time due to:
- Business operational changes
- Market conditions
- Regulatory developments
Foundect does not monitor continuous compliance after funds are transferred.
8. Prohibited Activities
Campaigns involving the following are strictly prohibited:
- Interest-based lending or borrowing
- Gambling, alcohol, tobacco, pornography, or illegal activities
- Any income source clearly prohibited under Islamic law
Foundect reserves the right to remove campaigns that clearly violate these principles.
9. Limitation of Liability
To the maximum extent permitted by law:
- Foundect shall not be liable for Shari'ah non-compliance
- Foundect shall not be responsible for religious interpretation disputes
- Foundect shall not compensate losses arising from Shari'ah concerns
10. Amendments to This Policy
Foundect may update this Policy at any time.
Continued use of the Platform constitutes acceptance of the updated Policy.
11. Governing Law & Jurisdiction
This Policy is governed by the laws of Bangladesh.
Any disputes shall be subject to the exclusive jurisdiction of the courts of Bangladesh.
12. Contact Information
For questions regarding this Policy:
Email: support@foundect.com
Final Note
Foundect facilitates access — not religious certification. Users are expected to act responsibly, ethically, and in accordance with their beliefs.
END OF SHARI'AH COMPLIANCE POLICY