The Economic Model
The Model
Amana’s business model is based on transparent, fee-based and usage-driven revenues, fully independent from interest (riba). The model is designed to ensure alignment between the institution and its users, avoiding conflicts inherent in interest-based systems.Sharia-Compliant by Governance, Not Marketing
Sharia compliance at Amana is not a label — it is a governance framework. The project is overseen by an independent Sharia Board composed of qualified scholars with expertise in Islamic finance and modern financial systems.
Role of the Sharia Board
The Board operates independently from management and reports at governance level. The Sharia Board is responsible for:
Validating the financial model
Reviewing financial services
Ensuring ongoing compliance
Issuing formal Sharia certifications
Resource control
Role of the Sharia Board
Amana’s business model is based on transparent, fee-based and usage-driven revenues, fully independent from interest (riba). The model is designed to ensure alignment between the institution and its users, avoiding conflicts inherent in interest-based systems.
Transparency & Public Certification
All Sharia certifications and opinions issued by the Sharia Board will be made publicly available. This transparency is a core commitment of Amana, ensuring trust, accountability and clarity for users, partners and regulators alike.
Governance Structure
Amana's governance is designed to ensure independence, accountability and alignment with both regulatory requirements and Sharia principles. The structure separates operational management from Sharia oversight and compliance functions, ensuring checks and balances at every level.
Management team : Zishan Ansari, David Lustman, Ilir Bakiu
Tech Team : byQwest
Sharia Board : Fineopolis
Zishan Ansari
Founder & CEO
David Lustman
COO
Ilir Bakiu
CTO
Governance Structure
Amana's governance is designed to ensure independence, accountability and alignment with both regulatory requirements and Sharia principles. The structure separates operational management from Sharia oversight and compliance functions, ensuring checks and balances at every level.
