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Our Sharia Ethical Board

Our Sharia Ethical Board, led by Mufti Faraz Adam, ensures that all our products and investments comply with Islamic principles. Independent scholars evaluate these before launch and on an ongoing basis, so you can be sure your money is being managed fairly and responsibly.
Mufti Faraz Adam is a UK-based scholar and consultant at the intersection of Islamic jurisprudence and modern finance.

He is the founder and CEO of Amanah Advisors, combines traditional fiqh education (ʿĀlimiyyah/iftāʾ) with a master's degree in Islamic Finance and AAOIFI certification, and advises globally on Sharia-compliant products.

In addition to consulting, he publishes and lectures on applying recognized standards to practical, transparent solutions.

Read about the Sharia standards applied on our Regulations and terms page.

Mufti Faraz Adam

Chairman Ethical Board

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Sifr's payment accounts and related payment services are provided by Transact Payments Malta Limited, a payments and electronic money institution authorised and regulated by the Malta Financial Services Authority (MFSA) to offer payment and electronic money services in Malta and in the European Economic Area (EEA). Registered office: Vault 14, Level 2, Valletta Waterfront, Floriana, Malta, FRN 1914. Company number: C 91879.

Our products are not covered by the Depositor Compensation Scheme (DCS); however, your funds will be kept in segregated accounts and protected as required by Article 10B of Malta’s Financial Institutions Act (Chapter 376).

Sifr's card is issued by Transact Payments Malta Limited pursuant to licence by Mastercard International. Transact Payments Malta Limited is duly authorised and regulated by the Malta Financial Services Authority as a Financial Institution under the Financial Institution Act 1994. Registration number C 91879.

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