Save together.The halal way.
Wafir brings the traditional savings circle into a regulated digital app, with no interest, clear terms and a fixed, disclosed fee. Here is how the model works and who endorses it.
Wafir Savings Circles
Recommended as a trusted company in digital finance and contemporary Islamic solutions in Qatar.
Compliance built into the model.
A savings circle is one of the simplest Shariah-compliant ways to save. Wafir keeps it that way.
No riba (interest)
No interest is charged at any stage of the circle. Nobody borrows at interest and nobody earns interest.
Rooted in tradition
The jam’iya has been practised in Muslim communities for centuries as a form of mutual cooperation. Wafir keeps that same model and runs it digitally.
Equal and fair
Every member contributes the same fixed amount each month and receives the full circle value once, on their turn.
Clear terms, no uncertainty
Monthly contribution, total value, duration, payout dates and fee are all shown before you commit, so nothing is left unclear.
A fixed, disclosed fee
Wafir charges a clearly disclosed subscription fee for running the circle. It is not interest and is not deducted from your contributions.
Protected in escrow
Contributions are held in a segregated escrow account with a licensed Qatari bank, separate from Wafir’s own funds, and used only for payouts.
- 1
Join
Choose a circle and review every term before you commit.
- 2
Contribute
Pay the same fixed amount each month, with no interest added.
- 3
Receive
Receive the full circle value on your agreed payout date.
Endorsed by Prof. Dr. Ali Al-Quradaghi.
Prof. Dr. Ali Mohyealdin Al-Quradaghi is a leading scholar of Islamic jurisprudence and Islamic finance, based in Doha. Having reviewed the documents Wafir submitted, he issued a letter of recommendation and endorsement supporting Wafir’s digital savings platform in Qatar.
“Wafir is one of the good companies working in the field of financial digitalisation and contemporary Islamic solutions.”
Prof. Dr. Ali Mohyealdin Al-Quradaghi
أ.د. علي محيي الدين القره داغي
- PhD, Al-Azhar University, Cairo
- Former Head of the Department of Jurisprudence, College of Sharia & Islamic Studies, Qatar University
- Member of the Shariah supervisory boards of several Islamic banks and financial institutions
- Author of more than 30 works
Your questions, answered.
Yes. Wafir’s circles follow the principles of Islamic finance: no interest, clear terms agreed upfront, and mutual cooperation between members. Wafir’s model is endorsed by Prof. Dr. Ali Mohyealdin Al-Quradaghi, and you can view his letter on this page.
Save together, with confidence.
Interest-free, Shariah compliant and built for Qatar. Download Wafir and join your first circle.