Discover inshAllah — an ecosystem of ethical crypto products designed in full compliance with Islamic financial principles. The platform features Goldsand, iAUSD, and iABorrow, along with technical insights, tokenomics, and development prospects.
Contents
- Introduction to inshAllah
- Core Platform Products
- Project Funding and Development
- Economy and Tokenomics of inshAllah
- Technology and Security
- Shariah Compliance
- Conclusion
1. Introduction to inshAllah
inshAllah is a DeFi ecosystem built on the core principles of Islamic finance, avoiding riba (interest), excessive speculation (gharar), and unjust contracts. The project is based in Abu Dhabi and is undergoing Shariah certification under the supervision of a specialized Shariah Board, ensuring each product is religiously compliant.
The platform targets the global Muslim community of over 2 billion people, offering a Shariah-compliant alternative to conventional crypto finance, which often fails to meet Islamic requirements. This opens access to Web3 for a previously excluded audience.
inshAllah is building infrastructure on Ethereum and Solana, including tokenized gold (Goldsand), a halal stablecoin (iAUSD), and an interest-free lending mechanism (iABorrow). The project sets a new ethical standard in DeFi, merging technological resilience with religious and moral principles.
2. Core Platform Products
The inshAllah ecosystem revolves around a suite of DeFi tools designed to meet Islamic finance standards. Each product avoids riba (interest), speculation, and other impermissible elements commonly found in traditional finance. The goal is to provide Muslim users with access to safe and ethical financial instruments.
Key solutions include:
- Goldsand — a halal alternative to Ethereum staking, allowing users to earn rewards without engaging in interest-based yield. Transactions are filtered to exclude haram activity.
- Goldsand on Solana — a similar solution for the Solana network, emphasizing low fees and high accessibility.
- iAUSD — a halal income-generating stablecoin designed to preserve purchasing power while complying with Shariah principles.
- iABorrow — an interest-free lending protocol that enables secure collateral-based borrowing with minimal liquidation risk.
Each product is backed by technical documentation and educational resources available via GitBook and the official website. inshAllah offers a comprehensive and transparent toolkit, bringing Web3 access to users previously limited by religious concerns.
3. Project Funding and Development
In June 2025, inshAllah closed a $2.1M pre-seed funding round led by AllianceDAO, with participation from Polymorphic Capital, Blockchain Builders Fund, Sancus Ventures, and a number of private investors and angels.
The funding is being used to expand the technical team, develop new Shariah-compliant products, and strengthen research capabilities, including ongoing collaboration with the Shariah Board. This approach ensures both religious compliance and acceleration of ethical financial innovation in the global Web3 ecosystem.
The backing from leading venture funds highlights the project's significance in the Islamic DeFi space and validates its potential for large-scale market impact.
4. Economy and Tokenomics of inshAllah
The inshAllah economic model is based on transparency, fairness, and Shariah compliance. User returns are generated through halal economic activities, not through interest. All products are filtered to exclude haram practices such as gambling, usury, or interaction with compromised wallets.
Examples of key products and their mechanisms:
| Product | Income Mechanism | Halal Filtering | Yield |
|---|---|---|---|
| Goldsand (ETH) | ETH staking without interest income | Yes — haram addresses excluded | ~3% APY |
| Goldsand (Solana) | SOL staking focused on low fees | Yes — similar filtering | ~3% APY |
| iAUSD | Stablecoin yield from Shariah-approved pools | Yes — compliant sources | Varies by pool |
| iABorrow | Interest-free collateral-based lending | Yes — no riba, reduced liquidation risk | N/A |
5. Technology and Security
inshAllah is built on the Solana and Ethereum blockchains, combining high performance with low costs. The platform prioritizes both technological excellence and adherence to Islamic principles — including full transparency, rejection of haram practices, and safeguarding of user assets. All key components are based on open-source smart contracts with public audits available through GitBook and the project’s repositories.
The security framework includes multiple layers of protection and oversight:
- Haram transaction filtering at the smart contract level;
- Independent audits and publication of audit reports;
- Regular updates and manual content moderation;
- Remote protocol monitoring and technical support;
- Compliance with standards approved by the Shariah Board.
These measures are reinforced by a professional team, including engineers from Google and Facebook, as well as experts in Islamic finance. This dual commitment ensures both technological robustness and full Shariah alignment.
6. Shariah Compliance
Each product within inshAllah undergoes thorough review by the Shariah Board — a council of Islamic scholars with PhDs and experience working with the Central Bank of Malaysia. This board ensures that all components comply with Islamic jurisprudence, including bans on riba (interest), gharar (speculation), and haram activities.
For example, the Goldsand protocol blocks transactions related to gambling, usury, and stolen funds. iABorrow offers entirely interest-free loans, while iAUSD is structured to avoid interest accumulation, ensuring full compliance with Shariah law.
This governance system reinforces the project's ethical standards and builds trust among users sensitive to issues of halal certification and financial fairness.
7. Conclusion
inshAllah is a unique ecosystem that merges DeFi technology with the ethical requirements of Islamic economics. Through products like Goldsand, iAUSD, and iABorrow, the platform delivers fair, transparent, and halal financial solutions for billions of users. Its $2.1M investment round led by AllianceDAO highlights growing interest in Islamic finance within the Web3 space.
The platform demonstrates how to build an ethically driven yet technologically sophisticated infrastructure capable of competing with conventional DeFi. It is not just a niche initiative, but a globally relevant movement — offering inclusive, honest, and sustainable digital finance for both Muslim users and beyond.
