Platform Features

Amanah is built to provide a comprehensive Islamic banking solution without compromising on religious principles or modern convenience. Our platform offers several key features designed to address the unique needs of the Muslim community.

Self-Custodial Virtual Bank Accounts

Traditional bank accounts leave users vulnerable to fund freezes, restrictions, and external control. Most digital banking solutions still maintain ultimate control over users' funds, creating unnecessary risk and anxiety.

Amanah's virtual bank accounts combine the ease of modern digital banking with true self-custody. Through our innovative OAuth integration, users can create secure bank accounts with just their Google sign-in, generating unique keypairs that give them complete control over their funds.

Key Benefits

• Complete self-custody - no one can freeze or restrict your funds
• Multiple virtual accounts for different purposes
• Direct spending capability through Visa/Mastercard integration
• User-friendly interface similar to popular payment apps
• Complete transparency and control over your finances

Global Money Transfer & Currency Solutions

Traditional remittance systems are slow, expensive, and often unreliable. Currency devaluation in many Muslim-majority countries creates additional financial strain.

Our Solution

• Instant global transfers at minimal cost
• Ability to hold funds in stable US dollars
• Seamless currency conversion
• No hidden fees or exchange rate markups
• Direct bank integration for easy on/off ramping

Dual-Mode Transfer System

Amanah offers a unique dual-mode transfer system that combines convenience with security:

Direct Transfers

For users already registered on the Amanah platform, transfers work through a straightforward direct mechanism. Registered users can be found through their in-app username or other internal identifiers.

When both sender and receiver have Amanah accounts, funds move directly between their self-custodial wallets without requiring an escrow mechanism. This provides the fastest and most efficient transfer experience.

Escrow-Based Transfers

The escrow system comes into play when sending funds to someone who may not yet have an Amanah account. This system enables users to send funds using just a phone number, removing the barrier of requiring pre-registration.

When a sender wants to transfer funds to someone who might not have an Amanah account:

1. They simply enter the recipient's phone number and the amount
2. The system creates an escrow account for this sender-receiver pair
3. A unique claim link is sent to the recipient's phone number
4. The recipient can claim their funds by verifying their phone number and creating an account

Until the recipient claims the funds, the sender maintains withdrawal rights. This provides protection against incorrect phone numbers or situations where the recipient chooses not to claim the funds.

Zakat Calculation and Distribution

Our platform features a built-in Zakat calculator and distribution system, making it easy for Muslims to fulfill their religious obligation of giving.

• Automated calculation based on your holdings
• Direct distribution to eligible recipients
• Complete transparency in the distribution process
• Historical tracking of your Zakat payments

Shariah-Compliant Investment Options

Conventional investment platforms mix halal and haram options, making it difficult for Muslims to invest confidently.

Our platform provides:

• Curated list of Shariah-compliant cryptocurrencies
• Transparent investment tracking
• Clear documentation of compliance criteria
• Future yield strategies aligned with Islamic principles

Coming Soon

• Business accounts for Muslim merchants
• Halal yield generation strategies
• Multi-signature accounts for families and businesses