HalalCoven

HalalCoven is a web app (with optional mobile companion) that helps Islamic finance teams and SMEs quickly screen loan, lease, and investment contracts for Sharia compliance risks. Users upload PDFs or paste clauses; the app flags likely riba language (interest, compounding, default interest), excessive uncertainty (gharar), prohibited activities, and common “gotchas” like penalty structures and benchmark misuse. It then generates a plain-English risk summary, suggested clause alternatives, and an audit trail for internal review. This is not a fatwa engine: it’s a triage tool that reduces time wasted on obviously non-compliant drafts and standardizes first-pass reviews before sending to a Sharia board or counsel. The MVP focuses on English contracts and a small set of contract types (Murabaha, Ijara, Wakalah, Musharakah), with configurable policy rules per institution.