Pragmarket is the first regulated prediction market structured under AAOIFI-aligned Mudarabah, Tahawwut, and Takaful contracts. No wagers. No winner-takes-loser. Real economic participation, validated by scholars, settled in USDT.
No counterparty wager or winner-takes-loser transfer.
Markets are issued through AAOIFI-aligned structures chosen for the underlying use case.
Certified markets carry visible structure, certification, and resolution transparency.
USDT settlement remains self-custodial throughout the lifecycle.
Maisir (gambling) — one party wins purely from another's loss
Gharar (excessive uncertainty) — payoff terms are not bounded
Mughalabat (zero-sum transfer) — wealth flows without productive activity
A standard YES/NO contract on Polymarket or Kalshi triggers all three. No Sharia scholar has issued a fatwa permitting their use.
Pool-based participation — distributions flow from a pool, not from a counterparty
Real economic utility — markets must hedge real exposure or pool real capital
Wakala fee structure — Pragmarket's 1% is an agency service charge, not a take from the loser
The structure changes the economic relationship itself. Markets are rebuilt around participation, utility, and bounded governance rather than a naked wager.
You contribute USDT to a managed pool as rab al-mal (capital provider). Outcome determines distribution per pre-agreed ratios. No counterparty wager.
The instrument hedges real economic exposure. Created specifically to provide Sharia-compliant derivatives for Islamic financial institutions.
Participants contribute to a mutual guarantee pool (Ta'awun cooperation). When events resolve, distribution flows from the pool — not from a counterparty.
“Will the Central Bank of Egypt raise policy rates at its May MPC meeting?”
Egyptian SME with USD-priced imports, or Gulf family office holding Egyptian equities. EGP rate policy affects you directly.
Say $1,000. Contribution recorded on-chain. Pragmarket is the mudarib (manager).
CBE publishes the rate decision after the May MPC meeting. A 72-hour challenge window opens with no subjective interpretation.
Outcome determines distribution per Mudarabah ratios. No winner-takes-loser transfer.
AAOIFI-permitted compensation for managing the pool. The fee functions like a fund management charge, not a wager rake.
Self-custodial throughout. Your keys never leave your device.
Pragmarket's Sharia structure is reviewed by certified scholars at the platform level and the per-market level. External Sharia firms validate the work, and annual audits attest to ongoing compliance. Sharia Supervisory Board engagement underway. Final composition to be announced at first close.
Toggle the Sharia surface and the platform shows only SSB-certified markets. Each visible market displays its structure badge and links to its per-market fatwa.
All markets including those that do not meet Sharia structural requirements. Markets we cannot certify do not appear on the Sharia surface — Pragmarket does not stretch the framework to fit a market.
The Sharia page is designed as a working diligence artifact. These references anchor the structural argument in published standards, documentation, and regulatory context.
Primary standards reference for Sharia accounting and structuring frameworks.
Reference framework for Sharia-compliant hedging documentation used by Islamic financial institutions.
Regional regulatory context supporting institutional-grade market infrastructure.