Akafay Halal is the Shariah-compliant version of Akafay’s Buy Now, Pay Later (BNPL) service, designed for Muslim consumers and merchants who wish to access financial solutions that reflect their faith and values. It operates in full accordance with the principles of Shariah (Islamic law) and the National Bank of Ethiopia’s Directive No. SBB/72/2019, which governs interest-free and Shariah-compliant financial practices across the country.
This model ensures that all transactions are free from interest (riba), uncertainty (gharar), and speculation (maysir), providing an ethical and transparent alternative to conventional credit systems. Through Akafay Halal, we aim to empower individuals, families, and businesses to access responsible financing that supports their goals while remaining faithful to Islamic teachings.
We uphold Islamic Shariah principles through strict adherence to Islamic finance guidelines, ensuring integrity, fairness, and transparency in every part of our operations. Our approach is rooted in trust and guided by the belief that financial growth should never come at the expense of ethical or spiritual values.
At Akafay Halal, we have built a strong internal governance framework that continuously reviews our policies, product structures, and operational processes to ensure alignment with Shariah standards. Beyond compliance, we see this as a moral commitment — a promise to conduct business with sincerity, honesty, and social responsibility.
By embedding Islamic values into every layer of our design and decision-making, we strive to create a financial ecosystem that benefits both individuals and the broader community. Our goal is to inspire confidence, encourage financial inclusion, and nurture a system where transparency, compassion, and justice define how we serve our customers.