Jam'iyyah rotating savings circles are practiced by millions of Muslim customers across Saudi Arabia, the UAE, and GCC — and right now they are happening outside your banking app. Halqa is the white-label API infrastructure that lets Islamic banks and fintech companies offer Jam'iyyah natively, under their own brand, with full Sharia compliance, KYC, AML, AAOIFI audit trails, and SAMA or CBUAE regulatory architecture built in from day one.
Regulatory Readiness
SAMA Framework
CBUAE Licensed
AAOIFI Aligned
Jam'iyyah is practiced by millions across Saudi Arabia, the UAE, Kuwait, and Qatar — interest-free, community-driven, and deeply trusted. It is also happening entirely outside your banking app right now. Consumer apps like Hakbah are stepping into this gap and building direct relationships with your depositors. Every customer running Jam'iyyah on a third-party app is a customer whose savings data belongs to a competitor. Halqa delivers the full ROSCA infrastructure — Sharia compliance, KYC, AML, SAMA or CBUAE readiness — in weeks via API.
Customers running Jam'iyyah on consumer apps — their savings data belongs to a competitor
Building ROSCA infrastructure from scratch takes 18–24 months and significant engineering budget
Sharia governance documentation and AAOIFI compliance requires specialist expertise most banks lack
KYC and AML obligations for savings circles require integration with existing bank identity infrastructure
Consumer app competitors are building direct depositor relationships inside your customer base
Complete Islamic savings circle infrastructure delivered as API modules your bank or fintech integrates in weeks.
The core rotating savings and credit association engine manages contribution scheduling, pot calculation, payout rotation, priority request workflows, and cycle management for any number of simultaneous groups. Built on Islamic finance principles — fixed contributions, equal payouts, zero interest at every transaction stage. Handles thousands of concurrent groups without custom development.
iOS and Android SDK that embeds the full Halqa savings circle experience directly into your existing banking app. Arabic-first, RTL-native, bilingual Arabic/English — designed for GCC banking customers. Your brand, your design system, your customer experience. Halqa is invisible infrastructure.
REST API connectors that link Halqa's member verification requirements to your existing bank KYC infrastructure — Nafath for Saudi deployments, UAE Pass for Emirates, or your proprietary identity stack. AML transaction monitoring built into every contribution and payout flow. No duplicate onboarding. No separate identity journey for savings circle members.
Automated AAOIFI-aligned documentation for every savings circle — contribution records, payout logs, riba-free transaction certification, and Sharia compliance audit trail. Configurable for your Sharia Supervisory Board review cadence. Evidence-ready for SAMA and CBUAE regulatory examination without manual reporting.
Pre-built connectors for GCC payment infrastructure — SARIE for Saudi real-time transfers, UAEFTS for UAE, mada for Saudi card payments, STC Pay. Contribution collection and payout disbursement through your existing payment stack. No new payment relationships required.
Full operational visibility for your treasury, compliance, and product teams. Group health monitoring, contribution default alerts, payout scheduling oversight, member dispute queue, Sharia compliance status, and regulatory reporting — all in a single bank-facing interface.
Sharia Compliance Architecture Built Into Every Layer
No interest is charged, earned, or embedded at any transaction stage. Fixed contributions, equal payouts, transparent rotation — the ROSCA structure that Islamic scholars have consistently ruled permissible. Halqa's engine enforces this at the ledger level, not the policy level.
Transaction documentation, audit trails, and Sharia governance reporting aligned with AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) standards — the global benchmark for Islamic financial institution compliance. Configurable for your Sharia Supervisory Board review cadence.
Halqa deployments for Saudi banks include SAMA-compliant KYC workflows, AML transaction monitoring, regulatory audit logging, and data residency on KSA-based infrastructure under PDPL. Architecture reviewed against SAMA's Fintech Regulatory Sandbox Framework for new product launches.
UAE deployments include CBUAE-compliant member verification via UAE Pass, AML monitoring aligned with Central Bank of UAE requirements, and data residency on UAE-based infrastructure. Configurable for licensed Islamic banks and fintech licence holders.
Member financial data — identity records, contribution history, payout records — stored on KSA or UAE-based infrastructure depending on deployment jurisdiction. Never transferred to international servers. Role-based access controls ensure compliance team visibility without operational team data access.
Halqa pricing is based on active groups under management. Every tier includes full Sharia compliance documentation, KYC integration, AML monitoring, and technical support.
Early-stage Islamic fintech products and SAMA/CBUAE sandbox participants
Whats Include
Up to 500 active savings circles
REST API access
White-label mobile SDK
Nafath or UAE Pass KYC integration
AAOIFI audit trail
AML monitoring
Standard Sharia governance reporting
Email and chat support
Regional Islamic banks and growing fintech platforms
Whats Include
Up to 5,000 active savings circles
Full API and SDK access
Custom brand integration
Priority payout request management
Advanced AML monitoring and alerts
Sharia Supervisory Board reporting package
SAMA or CBUAE regulatory reporting
Dedicated integration engineer
SLA-backed support
Large Islamic banks and financial institutions
Whats Include
Unlimited active savings circles
On-premise or private cloud deployment
Full source code licensing available
Custom Sharia governance workflows
Bespoke AAOIFI documentation
Multi-jurisdiction deployment (Saudi + UAE simultaneously)
Core banking system integration (Temenos, Oracle FLEXCUBE, Mambu)
Dedicated relationship manager
24/7 SLA with regulatory incident response
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