Sandouq (Emergency Takaful Pools)
Collective protection for unexpected life events through decentralized mutual aid.
How it works
Members contribute to a shared pool. When an emergency occurs, a claim is submitted and voted on by the community for disbursement.
Eligibility
Active subscription to a local or thematic pool.
Fees & Costs
Purely mutual. 2.5% management fee for the platform.
Timelines
Claims processed within 48-72 hours after community verification.
Screenshots
sandouq Screen 1
sandouq Screen 2
sandouq Screen 3
sandouq Screen 4
FAQs
Is this really Sharia-compliant?
Yes. We use 0% interest models (Qard Hassan) and equity sharing (Mudarabah). Our Sharia board audits every transaction logic.
What if someone defaults?
We use a combination of social vouching, trust scores, and community protection pools (Sandouq) to manage risk without interest.