Shariah Compliance Statement

Last updated: 08/04/2026

BanQr Group Limited – Shariah Compliance Statement

At BanQr Group Limited, our mission is to provide innovative, ethical, and inclusive financial services that are fully aligned with Shariah principles. We recognise that trust and compliance are central to our role as a digital bank and investment platform, and we are committed to ensuring that all of our products, services, and business operations adhere to Islamic financial ethics and values.

1. Our Commitment to Shariah Principles

  • Prohibition of Riba (interest) – BanQr does not engage in or derive profit from interest-based lending or investment. Instead, we structure our offerings using recognised Shariah-compliant contracts and profit-sharing arrangements.
  • Avoidance of Gharar (excessive uncertainty) and Maysir (gambling) – We design products that promote fairness, transparency, and accountability, avoiding speculative transactions or excessive risk that may harm customers or investors.
  • Ethical Screening of Investments – All BanQr investment activities, including our REITs, tokenised assets, and portfolio products, are subject to Shariah-compliant screening. Investments in prohibited sectors such as alcohol, gambling, tobacco, conventional financial services, and armaments are excluded.
  • Asset-Backed and Real Economy Focused – We prioritise tangible, productive, and socially beneficial activities, ensuring that our financing and investment support real economic growth and ethical value creation.

2. Shariah Governance Framework

BanQr has established a Shariah Supervisory Board (SSB) composed of qualified Islamic scholars and financial experts.

The SSB:

  • Reviews and certifies all products, contracts, and processes for Shariah compliance.
  • Provides ongoing oversight, guidance, and audit to ensure continued alignment with Islamic finance standards.
  • Issues formal Shariah rulings (fatwas) and certificates for our financial instruments where required.

3. International Standards and Best Practice

BanQr’s Shariah compliance framework is guided by internationally recognised bodies, including:

  • AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) standards
  • IFSB (Islamic Financial Services Board) guidelines
  • Relevant national Shariah advisory councils and regulators in our jurisdictions of operation

4. Transparency and Accountability

BanQr is committed to publishing regular Shariah Compliance Reports and providing customers and investors with clear disclosures on how their funds are used, ensuring confidence that their financial activities are conducted ethically, responsibly, and in accordance with Islamic law.

5. Full Policy Document

A full formal Shariah Policy Document is available for download on our website. This document sets out BanQr’s complete governance structure, roles and responsibilities of the Shariah Supervisory Board, Shariah audit procedures, and reporting templates for transparency and accountability.