PayHalal will launch Berkart B2B B2C hyper wholesale eCommerce platform with digital shopper marketing tools.

Generating category demand through dedicated halal digital channel and backed up by shariah compliant payment and halal logistics.

PayHalal has announced that the company will soon be rolling out a Halal B2B marketplace for businesses focusing on muslim shoppers to sell their halal goods online.

“Berkart” will be an intergrated direct to customer “muslim shopper” focused online hypermarket hosting a wider and deeper halal categories for retailers, HORECA and shoppers to buy supplies at wholesale rates. Buyers can expect an end to end halalan toyyiban shopper experience from halal categories to shariah compliant contactless as well as payments.

Berkart will host a wide range of shopper marketing tools including path 2 purchase communication templates for sellers to drive sales promotion campaigns and the data mining tools for shoppers insights that will be an added bonus, allowing merchants to keep track of their sales, out of stock and forward stock share inventory management, demand planning tools and more.

Berkart is expected to roll out later this October 2020 with over 100,000 halal categories expected to be onboarded to Berkart. Category leaders such as Milo, MAGGI instant noodles will be seen as major traffic generator.

Only the freshest products will be made available at Berkart at very affordable prices, something every shopper would be able accept.

PayHalal Sadaqah Fundraising Officer Position type: Fixed Term Appointment

Location: Malaysia

Categories: Private Fundraising and Partnerships

PayHalal Sadaqah works in some of the world’s toughest places, to reach the world’s most disadvantaged communities . To save their lives. To give hope defend their rights to live .

To qualify as an advocate for every child you will have…

* University degree in Marketing / Business Administration or another relevant technical field.

* One year practical professional work experience in direct Marketing (such as event management, consumer banking, insurance, advertising and media, FMCG sectors). Muslim Fund raising experience has an added advantage.

* Good working knowledge in English and the local Malay language is required. 

Core Values

* Commitment

* Hospitable

* Compassion

* Integrity

Core competencies

* Communication

* Networking and resourceful

* Results Driven

Functional Competencies

* Formulating Strategies and Concepts

* Relating and Networking

* Persuading and influencing

* Planning and Organizing

Please email your CV to pat@payhalal.my

PayHalal Contactless Mobile Payment Solutions To Capture 49% Of Halal Online Retail Sales By 2021

As halal ecommerce sales continue their seismic growth , PayHalal mobile merchant payment is grabbing a larger market share, with smartphone-enabled purchases set to grow from $122 billion in to nearly $319 billion by end 2020.

A greater number of overall ecommerce purchases will come from smartphones, per PayHalal’s estimate that Halal Mobile Merchant Payment will make up 49 percent of total online retail commerce in 2021, a significant increase from 29 percent in 2019. The enlarging spotlight placed on mobile is partly due to retailers’ ongoing efforts to provide contactless smartphone-friendly offerings and checkout solutions to customers due to the Covid19 pandemic .

“PayHalal’s Merchant Mobile Payment is the growth engine of halal digital commerce. “It is being driven by a combination of retailers flocking to offer mobile merchant payment solutions to consumers (HalalMall , gogopasar promoting buy online, pick up in store, KKL in-store mobile checkout.), issuers and bank networks enabling more mobile POS and messaging payments and consumers gravitating towards mobile for digital purchases.

With greater support for Islamic Digital Economic Acceleration by MDEC theres a lot more digitising taking place in Islamic economic space, Islamic Religious Payment Collectors like PPZ MAIWP have adopted PayHalal’s contactless payment solutions for the recent Zakat Fitrah during Ramadan and PayHalal is innovating more mobile payment solutions and Wakalah eWallet apps in the very near future.

The significant growth in the Islamic mobile commerce sector can be attributed to the rise of several circumstantial market trends, such as in-contactless store mobile checkout capabilities within retailers’ applications, mobile wallet proliferation and buy online, pick up in store options.

PayHalal forecasts a major uptick in mobile commerce purchases by 2021, meaning that retailers must ensure their omnichannel offerings are as optimized as possible now.

Halal and Islamic market focused retailers need to focus on their mobile web and apps, mobile marketing and facilitating the omnichannel buying experience, Muslim Consumers are more willing than ever to receive mobile marketing messages from retailers and willing to act upon them.

“Agile mobile Fiqh technology encourages strong user engagement which enables consumers to buy anywhere and anytime with the ability for in-store pick up or special delivery.

“The payHalal omnihalal channel experience requires retailers to access customers no matter where they are and how they want to pay. For Islamic financial institutions, having a comprehensive sharia compliant ewallet strategy this year is critical for success . For Shariah Compliant eMoney and card networks, it’s about compliance and awareness promoting faster checkout that generates demand!

PayHalal, mobile ecommerce sales set to grow from 9.1 percent in 2019 to 12.4 percent in 2020. This underscores the need for halal businesses to optimize their Islamic digital transaction offerings.

Halal Ecommerce sales – which include purchases made via desktops, laptops, mobile apps and mobile Web – are projected to reach $2.7 trillion in 2021.

It is estimated nearly one in two dollars of online spend will stem from smartphones in 2021.Largest share of mobile commerce will come from Muslim millennial shoppers, as the top users of M commerce shopping are individuals aged 21to 34. Eighty-seven percent of that demographic has purchased something online in the past month, showcasing the importance for halal / Islamic retailers to offer streamlined Islamic transaction checkout options.

Additionally, shoppers in this age group were nearly twice as likely as individuals aged 35 and up to have leveraged a mobile browser and app to make a digital purchase in the last year.

When it comes to pinpointing how Islamic financial institutions and halal retailers fare in the rapidly evolving mobile sector, consumers are becoming more receptive to receiving targeted messages and content from them.

2019, 42 percent of mobile users were willing to share their GPS location with marketers in exchange for perks such as discounts, up from 35 percent .

However, all consumers are relying on seamless checkout experiences regardless of their device of choice. This has opened doors for Shariah Compliant mobile wallets such as PayHalal Wakalah to take the stage.

To capitalize on the growing mcommerce sector, retailers should develop comprehensive Islamic mobile wallet that include building their own platform, or teaming up with a third-party service and integrating it into their own shopping apps.

“The biggest challenges facing mobile payments this year is Coronavirus nevertheless Theres a a greater awareness and need for contactless payment technology .

PayHalal Technology We are Hiring Full Stack Developer

• Participating in the design and creation of scalable software

• Writing clean, functional code on the front- and back-end

• Testing and fixing bugs or other coding issues

Job brief

We are looking for a Full Stack Developer to produce scalable software solutions. You’ll be part of a cross-functional team that’s responsible for the full software development life cycle, from conception to deployment.

As a Full Stack Developer, you should be comfortable around both front-end and back-end coding languages, development frameworks and third-party libraries. You should also be a team player with a knack for visual design and utility.

If you’re also familiar with Agile methodologies, we’d like to meet you.

Responsibilities

• Work with development teams and product managers to ideate software solutions

• Design client-side and server-side architecture

• Build the front-end of applications through appealing visual design

• Develop and manage well-functioning databases and applications

• Write effective APIs

• Test software to ensure responsiveness and efficiency

• Troubleshoot, debug and upgrade software

• Create security and data protection settings

• Build features and applications with a mobile responsive design

• Write technical documentation

• Work with data scientists and analysts to improve software

Requirements

• Proven experience as a Full Stack Developer or similar role

• Experience developing desktop and mobile applications

• Familiarity with common stacks

• Knowledge of multiple front-end languages and libraries (e.g. HTML/ CSS, JavaScript, XML, jQuery)

• Knowledge of multiple back-end languages (e.g. C#, Java, Python) and JavaScript frameworks (e.g. Angular, React, Node.js)

• Familiarity with databases (e.g. MySQL, MongoDB), web servers (e.g. Apache) and UI/UX design

• Excellent communication and teamwork skills

• Great attention to detail

• Organizational skills

• An analytical mind

• Degree in Computer Science, Statistics or relevant field

Email CV

pat@payhalal.my

Fast Track your Sharia Compliant eMoney adoption with PayHalal Payment Gateway

Shariah contracts for e-money is the agency contract (wakalah), whereby the approved issuer acts as an agent to make payment on behalf of the user (wakil bi ad-daf`i) to the merchant. Therefore, the funds received from the user shall be placed in a Shariah compliant trust account or a dedicated deposit account as required pursuant to section 137 of the Islamic Financial Services Act 2013.

Get your Sharia Compliant Payment Gateway for your sharia Compliant eMoney scheme

PayHalal shariah compliant payment gateway, payment processors and merchant account – If you are an eCommerce merchant in the halal and Islamic space,  these are all necessities you need for selling online. What is less clear for most people, are the ins-and-outs related to each of these concepts and how choosing and configuring them can impact your business. Whether you are an halal eCommerce merchant looking to set up your first store or a growing halal business interested in switching to shariah compliant payment providers, here are some important information to help you brush up on a critical aspect of selling to Muslims online.

What is a shariah compliant payment gateway?

A sharia payment gateway refers to the technology that is specifically built to cater to shariah transaction contracts – The essence of shariah transaction contracts (are mutual consent or agreement by both contracting parties and the consequence of a contract are based on rights and responsibilities agreed therein) in a system that hosts and connects shariah, halal verified merchants of all kinds—not just online merchants—and payment networks.

        •       PayHalal integrates with your online store. Essentially, it gives your store one or more ways to integrate online Islamic credit card, shariah compliant eMoney( eWallet) , Islamic banking processing capabilities with your business operations.

        •       PayHalal securely captures payment details for customer transactions. The merchant sends the shopper’s information to PayHalal payment gateway via tools provided by PayHalal, which includes smart Aqad (Islamic transaction contracts). To transmit these details securely, the gateway encrypts the payment information during transmission.

        •       PayHalal routes that information to a payment processor or an acquiring bank. The acquiring bank takes over at this point. The acquiring bank may do some fraud screening and then routes the transaction to the card networks.

        •       PayHalal sends an approval or decline message back to the merchant. Based on the yes or no response, the merchant may either direct the shopper to a confirmation page, or ask them to provide another form of payment.

How Payment Gateways Work

What is the difference between payment gateway and payment processor?

PayHalal Payment processors provide direct connections for shariah compliant merchants to receive online banking, eMoney and/or credit card networks like Visa or Mastercard; it is suitable for large organisations such as takaful companies and other payment companies who wishes to provide shariah compliant payment technology services. PayHalal payment gateways connect shariah compliant merchants with Islamic processors, who then, in turn, connect you to the credit card networks. Large payment processors do not work directly with online businesses; instead they make reselling agreements with payment gateways to provide their services to merchants. (Some payment processors will work with online businesses directly if they are large enough.)

Beyond The Essentials: What makes PayHalal payment gateways different from others?

While every payment gateway does the above, that only provides the basics. PayHalal shariah compliant payment gateways is the only one in the Islamic payment space with a Fatwa pronouncement which goes beyond the function and offers a myriad of other services surrounding shariah payment processing, for instance,

        •       Multiple payment solutions including online banking, eMoney, credit cards, debit cards are not the only way to pay for goods and services online. Many shoppers prefer to use contactless payment instruments especially if you are selling globally, so you need more than just a credit card payment gateway serving Muslims.  As many Muslims prefer only Islamic payment instruments, PayHalal provides support to a variety of payment options so you can attract and retain a greater number of customers.

        •       Fraud and Halal protection services – Online businesses are at risk of attack every time they accept a payment. If your fraud level gets out of control your business will be negatively impacted in the form of chargeback fees and penalties, lost merchandise and reputational harm. That includes carrying out transactions on prohibited items according to Islam and transaction that is not compliant to a specific transaction contract. PayHalal acts for your benefit to ensure only halal and shariah compliant transactions are undertaken via PayHalal payment gateway that has strong fraud, halal and shariah compliance detection and prevention tools.

        •       Billings and recurring payment facilities –  Many businesses use a subscription model to sell goods. It will make your life easier to find out that PayHalal payment gateway provides and  manages automated billing, sends out payment reminders, sets up customizable billing plans, and automatically updates shoppers’ subscription payment information.

        •       Detailed payment and big data analytics – Having detailed payments data can help you make better, more informed decisions about how to improve your business. PayHalal payment gateways give you access to a variety of payment analytics and reports that paint a complete picture of where your payment process is succeeding and where it needs some work.

If your current payment gateway does not have these capabilities, you will have to find other ways to satisfy these needs—for instance, you will have to integrate to a separate fraud engine, halalCart, halal data pool, halal ingredients eCodes and sharia smart Aqad AI engine, in addition to your payment gateway. (Going without a fraud, halal and sharia non compliance tool is not recommended if you want to run a healthy, successful business serving Muslims.)

The best strategy for most online businesses is to find a single house Islamic payment gateway that does it all-in-one sharia compliant payment processing solution which supports sales anywhere in the world, provides strong fraud protection, halal and shariah compliance protection that gives detailed payment analytics and has robust subscription functionality. You will find that working with PayHalal payment gateway not only gives added surety but it reduces sharia non compliant payments, gives you a reliable partner that helps you maximize revenue without having to write off shariah non compliant income derived from sales transactions.

What does a shariah compliant merchant account mean?

PayHalal merchant account is an account that enables merchants to process online credit and debit payments. PayHalal payment gateway sets up the account for you and deposits the payment transactions from your credit card sales there. According to a designated schedule as determined by your service contract, the sales proceeds are automatically transferred from your merchant account into your business Islamic bank account, which you set up for yourself.

A merchant account is different from a business bank account, a point that often causes confusion. You (merchants/sellers) have no control over your merchant account – it is a holding place for sales proceeds. Why can’t the sales proceeds be deposited directly into your business bank account? Since there are incidences of disputes, fraud, non compliant transactions, haram goods and merchandise returned, there is always the chance that some money you receive as an online seller will be refunded back to the consumers (buyers), which increases a certain level of risk in your transactions. Returns are subtracted from whatever held in the merchant account at that time – the remaining funds are then transferred to your bank account.

It also simplifies Payment reconciliation for your accounting department.

You can change your merchant account provider without changing your Islamic bank relationship.Ecommerce merchants sometimes think that when they change from conventional to shariah merchant account, they have to change their entire Islamic banking relationship. That is not true.Because the shariah compliant merchant account is simply a holding place for online banking, e-wallet and credit card transaction proceeds, you do not have to change your bank account to match the banking institution your payment provider uses. For instance, you could retain your existing business Islamic bank account and still choose PayHalal without altering your bank relationship.

How do you get a merchant account?

PayHalal payment gateway providers, is an end to end shariah compliant full-service payment solution provider, which means we provide shariah compliant eCommerce merchant accounts to our customers along with a Islamic payment gateway and processing solution.

With other conventional payment gateways that’s not always the case—some payment gateways leave the merchant account setup to you. That is not the ideal situation; the fewer providers you have, the better. PayHalal  payment service provider gives you a merchant account and handles settlement payouts.

Beyond The Essentials – What makes some PayHalal shariah compliant eCommerce merchant accounts different from others?

There are two primary things that differentiate merchant accounts:

        1.      PayHalal provides Muslim consumers added surety that what they buy, subscribe and book on a global commerce is halal and shariah compliant, secure and easier. To facilitate multi currency merchant accounts, a shariah compliant – payment gateway provider will only board merchants selling halal certified goods and services. So if you are looking to grow your halal business globally, it is a good idea to set up a shariah compliant eCommerce merchant account with PayHalal.

        2.      PayHalal has a very sophisticated underwriting process. Not all merchants have an equal level of risk for their shariah compliant transactions, something that should be taken into consideration during the underwriting process. A customized underwriting process leads to fewer problems down the road and helps avoid an unexpected shutdown of the account due to miscalculations.

        3.      Some are shared or aggregated accounts. Some eCommerce merchant accounts are shared among all the merchants serviced by the payment gateway. That means your risk profile is blended in with all the other non-halal and shariah compliant merchants in the pool—which is not permissible for Muslims. Before you sign on with a payment service provider, as a Muslim eCommerce entrepeneur or merchant (who sells to Muslims), check if you will have a dedicated shariah compliant merchant account or aggregate conventional account and consider how that might affect your online halal and shariah compliant business.

PayHalal, an ideal all-in-one shariah compliant eCommerce payment platform

Payment gateways and merchant accounts might sound complicated but they do not have to be.

PayHalal can give you everything you need—a payment gateway, merchant account and a host of advanced processing features including social media and whatsapp payment solutions —to sell anywhere in the world successfully. Our all in one gateway is secure, reliable, fast and above all shariah compliant. You can also rely on us for personalized guidance and support when you have questions or set out to conquer new sales territories.

Do you have payment challenges we can help with?

Email us pat@payhalal.my

Why you should really consider about having PayHalal Payment Gateway for your eCommerce business.

We wouldn’t want to trigger unnecessary alarm about haram .

But it is good to know over 85% of Muslims fear buying online goods simply because there’s no sharia compliant Islamic payment available for them. It’s a cry that needs to be addressed if you want to do business with Muslims. For Muslims buying and paying for goods and services has to be halal ! It’s not negotiable because it’s a religious obligation. That means it’s paradise or hell for Muslims.

That’s why you should get PayHalal to process payment for your eCommerce website! With PayHalal Payment gateway you can expect 30% more business from Muslim shoppers.

Be a PayHalal verified merchant today!

https://payhalal.my/merchant

Utilisation of e-money to transact with Shariah non-compliant merchants

Interesting Development Shariah compliant eMoney issuers willing to collaborate with PayHalal our doors are open.

Utilisation of e-money to transact with Shariah non-compliant merchants

The SAC deliberated this issue in the following context:

o e-money as a Shariah compliant payment instrument; or approved issuer that wishes to be a Shariah compliant approved issuer.

For any transaction involving Shariah non-compliant merchants, the status of e-money as a Shariah compliant payment instrument is not affected, based on the following considerations:

-similar to cash, e-money is neutral, except for a fact that the monetary value is stored

electronically; and

-it is the user’s responsibility to ensure e-money is being utilised for Shariah compliant

transactions.

Notwithstanding the above, any approved issuer that is approved under IFSA shall observe the following:

-no transaction with Shariah non-compliant merchants. However, the SAC ruled that in exceptional cases as determined by the qualified Shariah advisor of an approved issuer, such approved issuer shall observe the conditions specified by the qualified Shariah advisor; and

-no product bundling or cross-selling involving Shariah non-compliant products.

The Shariah Advisory Council of Bank Negara Malaysia (SAC) Ruling on E-Money as a Shariah Compliant Payment Instrument

SAC’s 201st Meeting and 26th Special Meeting on 29 and 30 January 2020

If the legal dimension of the Sharia gives Islam its form, the spiritual dimension is its substance.

The ultimate worth of actions is based on intention and sincerity, as mentioned by the Prophet, who said, “Actions are by intentions, and one shall only get that which one intended.”

Life under the Sharia

The Sharia sets out rules of conduct for women and men

The Sharia covers all aspects of human life. Classical Sharia manuals are often divided into four parts: laws relating to personal acts of worship, laws relating to commercial dealings, laws relating to marriage and divorce, and penal laws.

Legal philosophy

God sent prophets and books to humanity to show them the way to happiness in this life, and success in the hereafter. This is encapsulated in the believer’s prayer, stated in the Qur’an, “Our Lord, give us good in this life and good in the next, and save us from the punishment of the Fire.” (2:201)

The legal philosophers of Islam, such as Ghazali, Shatibi, and Shah Wali Allah explain that the aim of Sharia is to promote human welfare. This is evident in the Qur’an, and teachings of the Prophet.

The scholars explain that the welfare of humans is based on the fulfillment of necessities, needs, and comforts.

Necessities

Necessities are matters that worldly and religious life depend upon. Their omission leads to unbearable hardship in this life, or punishment in the next. There are five necessities: preservation of religion, life, intellect, lineage, and wealth. These ensure individual and social welfare in this life and the hereafter.

The Sharia protects these necessities in two ways: firstly by ensuring their establishment and then by preserving them.

• To ensure the establishment of religion, God Most High has made belief and worship obligatory. To ensure its preservation, the rulings relating to the obligation of learning and conveying the religion were legislated.

• To ensure the preservation of human life, God Most high legislated for marriage, healthy eating and living, and forbid the taking of life and laid down punishments for doing so.

• God has permitted that sound intellect and knowledge be promoted, and forbidden that which corrupts or weakens it, such as alcohol and drugs. He has also imposed preventative punishments in order that people stay away from them, because a sound intellect is the basis of the moral responsibility that humans were given.

• Marriage was legislated for the preservation of lineage, and sex outside marriage was forbidden. Punitive laws were put in placed in order to ensure the preservation of lineage and the continuation of human life.

• God has made it obligatory to support oneself and those one is responsible for, and placed laws to regulate the commerce and transactions between people, in order to ensure fair dealing, economic justice, and to prevent oppression and dispute.

Needs and comforts

Needs and comforts are things people seek in order to ensure a good life, and avoid hardship, even though they are not essential. The spirit of the Sharia with regards to needs and comforts is summed up in the Qur’an, “He has not placed any hardship for you in religion,” (22:87) And, “God does not seek to place a burden on you, but that He purify you and perfect His grace upon you, that you may give thanks.” (5:6)

Therefore, everything that ensures human happiness, within the spirit of Divine Guidance, is permitted in the Sharia.

Sources of the Sharia

The primary sources of the Sharia are the Qur’an and the example of the Prophet Muhammad.

The Qur’an

The Qur’an was revealed to the Prophet gradually, over 23 years. The essence of its message is to establish the oneness of God and the spiritual and moral need of man for God. This need is fulfilled through worship and submission, and has ultimate consequences in the Hereafter.

The Qur’an is the word of God. Because of its inimitable style and eloquence, and, above all, the guidance and legal provisions it came with, it ensures the worldly and next-worldly welfare of humanity.

God Most High said, “Verily, this Qur’an guides to that which is best, and gives glad tidings to the believers who do good that theirs will be a great reward.” (Qur’an, 17:9) And, “There has come unto you light from God and a clear Book, whereby God guides those who seek His good pleasure unto paths of peace. He brings them out of darkness unto light by His decree, and guides them unto a straight path.” (Qur’an, 5:15)

The Prophetic example (Sunna)

The Prophet’s role was expounded in the Qur’an, “We have revealed the Remembrance [Qur’an] to you that you may explain to people that which was revealed for them.” (16:44)

This explanation was through the Prophet’s words, actions, and example. Following the guidance and the example of the Prophet was made obligatory, “O you who believe, obey God and obey the Messenger,” (4: 59) and, “Verily, in the Messenger of God you have a beautiful example for those who seek God and the Last Day, and remember God much.” The Prophet himself instructed, “I have left two things with you which if you hold on to, you shall not be misguided: the Book of God and my example.” [Reported by Hakim and Malik]

Derived sources

There are two agreed-upon derived sources of Sharia: scholarly consensus (ijma’) and legal analogy (qiyas).

Scholarly consensus

The basis for scholarly consensus being a source of law is the Qur’anic command to resolve matters by consultation, as God stated, “Those who answer the call of their Lord, established prayer, and whose affairs are by consultation.” (42:38) Scholarly consensus is defined as being the agreement of all Muslim scholars at the level of juristic reasoning (ijtihad) in one age on a given legal ruling. Given the condition that all such scholars have to agree to the ruling, its scope is limited to matters that are clear according to the Qur’an and Prophetic example, upon which such consensus must necessarily be based. When established, though, scholarly consensus is decisive proof.

Legal analogy (Qiyas)

Legal analogy is a powerful tool to derive rulings for new matters. For example, drugs have been deemed impermissible, through legal analogy from the prohibition of alcohol that is established in the Qur’an. Such a ruling is based on the common underlying effective cause of intoxication.

Legal analogy and its various tools enables the jurists to understand the underlying reasons and causes for the rulings of the Qur’an and Prophetic example (sunna). This helps when dealing with ever-changing human situations and allows for new rulings to be applied most suitably and consistently.

Beyond ritualism

The ultimate aim of those who submit to the Sharia is to express their slavehood to their Creator. But the Sharia does bring benefit in this world too.

This way has been indicated in a Divine statement conveyed by the Prophet.

My servant approaches Me with nothing more beloved to Me than what I have made obligatory upon him, and My servant keeps drawing nearer to Me with voluntary works until I love him. And when I love him, I am his hearing with which he hears, his sight with which he sees, his hand with which he seizes, and his foot with which he walks. If he asks Me, I will surely give to him, and if he seeks refuge in Me, I will surely protect him.

Prophet Muhammad, reported by Bukhari

If the legal dimension of the Sharia gives Islam its form, the spiritual dimension is its substance. The spiritual life of Islam, and its goal, was outlined in the Divine statement (mentioned above).

The Prophet explained spiritual excellence as being, “To worship God as though you see Him, and if you see Him not, [know that] He nevertheless sees you.

The spiritual life of Islam is a means to a realization of faith and a perfection of practice. It is to seek the water that the Sharia is the clear path to, water that gives life to minds and souls longing for meaning.

It is this spiritual life, at its various levels, that attracts Muslims to their religion, its way of life, and to the rulings of the Sharia. And those who believe are overflowing in their love of God.

Qur’an 2:165

What is a shariah compliant merchant account and shariah compliant payment gateway

PayHalal shariah compliant payment gateway, payment processors and merchant account – If you are an eCommerce merchant in the halal and Islamic space,  these are all necessities you need for selling online. What is less clear for most people, are the ins-and-outs related to each of these concepts and how choosing and configuring them can impact your business. Whether you are an halal eCommerce merchant looking to set up your first store or a growing halal business interested in switching to shariah compliant payment providers, here are some important information to help you brush up on a critical aspect of selling to Muslims online.

What is a shariah compliant payment gateway?

A sharia payment gateway refers to the technology that is specifically built to cater to shariah transaction contracts – The essence of shariah transaction contracts (are mutual consent or agreement by both contracting parties and the consequence of a contract are based on rights and responsibilities agreed therein) in a system that hosts and connects shariah, halal verified merchants of all kinds—not just online merchants—and payment networks.

        •       PayHalal integrates with your online store. Essentially, it gives your store one or more ways to integrate online Islamic credit card, shariah compliant eMoney( eWallet) , Islamic banking processing capabilities with your business operations.

        •       PayHalal securely captures payment details for customer transactions. The merchant sends the shopper’s information to PayHalal payment gateway via tools provided by PayHalal, which includes smart Aqad (Islamic transaction contracts). To transmit these details securely, the gateway encrypts the payment information during transmission.

        •       PayHalal routes that information to a payment processor or an acquiring bank. The acquiring bank takes over at this point. The acquiring bank may do some fraud screening and then routes the transaction to the card networks.

        •       PayHalal sends an approval or decline message back to the merchant. Based on the yes or no response, the merchant may either direct the shopper to a confirmation page, or ask them to provide another form of payment.

How Payment Gateways Work

What is the difference between payment gateway and payment processor?

PayHalal Payment processors provide direct connections for shariah compliant merchants to receive online banking, eMoney and/or credit card networks like Visa or Mastercard; it is suitable for large organisations such as takaful companies and other payment companies who wishes to provide shariah compliant payment technology services. PayHalal payment gateways connect shariah compliant merchants with Islamic processors, who then, in turn, connect you to the credit card networks. Large payment processors do not work directly with online businesses; instead they make reselling agreements with payment gateways to provide their services to merchants. (Some payment processors will work with online businesses directly if they are large enough.)

Beyond The Essentials: What makes PayHalal payment gateways different from others?

While every payment gateway does the above, that only provides the basics. PayHalal shariah compliant payment gateways is the only one in the Islamic payment space with a Fatwa pronouncement which goes beyond the function and offers a myriad of other services surrounding shariah payment processing, for instance,

        •       Multiple payment solutions including online banking, eMoney, credit cards, debit cards are not the only way to pay for goods and services online. Many shoppers prefer to use contactless payment instruments especially if you are selling globally, so you need more than just a credit card payment gateway serving Muslims.  As many Muslims prefer only Islamic payment instruments, PayHalal provides support to a variety of payment options so you can attract and retain a greater number of customers.

        •       Fraud and Halal protection services – Online businesses are at risk of attack every time they accept a payment. If your fraud level gets out of control your business will be negatively impacted in the form of chargeback fees and penalties, lost merchandise and reputational harm. That includes carrying out transactions on prohibited items according to Islam and transaction that is not compliant to a specific transaction contract. PayHalal acts for your benefit to ensure only halal and shariah compliant transactions are undertaken via PayHalal payment gateway that has strong fraud, halal and shariah compliance detection and prevention tools.

        •       Billings and recurring payment facilities –  Many businesses use a subscription model to sell goods. It will make your life easier to find out that PayHalal payment gateway provides and  manages automated billing, sends out payment reminders, sets up customizable billing plans, and automatically updates shoppers’ subscription payment information.

        •       Detailed payment and big data analytics – Having detailed payments data can help you make better, more informed decisions about how to improve your business. PayHalal payment gateways give you access to a variety of payment analytics and reports that paint a complete picture of where your payment process is succeeding and where it needs some work.

If your current payment gateway does not have these capabilities, you will have to find other ways to satisfy these needs—for instance, you will have to integrate to a separate fraud engine, halalCart, halal data pool, halal ingredients eCodes and sharia smart Aqad AI engine, in addition to your payment gateway. (Going without a fraud, halal and sharia non compliance tool is not recommended if you want to run a healthy, successful business serving Muslims.)

The best strategy for most online businesses is to find a single house Islamic payment gateway that does it all-in-one sharia compliant payment processing solution which supports sales anywhere in the world, provides strong fraud protection, halal and shariah compliance protection that gives detailed payment analytics and has robust subscription functionality. You will find that working with PayHalal payment gateway not only gives added surety but it reduces sharia non compliant payments, gives you a reliable partner that helps you maximize revenue without having to write off shariah non compliant income derived from sales transactions.

What does a shariah compliant merchant account mean?

PayHalal merchant account is an account that enables merchants to process online credit and debit payments. PayHalal payment gateway sets up the account for you and deposits the payment transactions from your credit card sales there. According to a designated schedule as determined by your service contract, the sales proceeds are automatically transferred from your merchant account into your business Islamic bank account, which you set up for yourself.

A merchant account is different from a business bank account, a point that often causes confusion. You (merchants/sellers) have no control over your merchant account – it is a holding place for sales proceeds. Why can’t the sales proceeds be deposited directly into your business bank account? Since there are incidences of disputes, fraud, non compliant transactions, haram goods and merchandise returned, there is always the chance that some money you receive as an online seller will be refunded back to the consumers (buyers), which increases a certain level of risk in your transactions. Returns are subtracted from whatever held in the merchant account at that time – the remaining funds are then transferred to your bank account.It also simplifies Payment reconciliation for your accounting department.

You can change your merchant account provider without changing your Islamic bank relationship.Ecommerce merchants sometimes think that when they change from conventional to shariah merchant account, they have to change their entire Islamic banking relationship. That is not true.Because the shariah compliant merchant account is simply a holding place for online banking, e-wallet and credit card transaction proceeds, you do not have to change your bank account to match the banking institution your payment provider uses. For instance, you could retain your existing business Islamic bank account and still choose PayHalal without altering your bank relationship.

How do you get a merchant account?

PayHalal payment gateway providers, is an end to end shariah compliant full-service payment solution provider, which means we provide shariah compliant eCommerce merchant accounts to our customers along with a Islamic payment gateway and processing solution.

With other conventional payment gateways that’s not always the case—some payment gateways leave the merchant account setup to you. That is not the ideal situation; the fewer providers you have, the better. PayHalal  payment service provider gives you a merchant account and handles settlement payouts.

Beyond The Essentials – What makes some PayHalal shariah compliant eCommerce merchant accounts different from others?

There are two primary things that differentiate merchant accounts:

        1.      PayHalal provides Muslim consumers added surety that what they buy, subscribe and book on a global commerce is halal and shariah compliant, secure and easier. To facilitate multi currency merchant accounts, a shariah compliant – payment gateway provider will only board merchants selling halal certified goods and services. So if you are looking to grow your halal business globally, it is a good idea to set up a shariah compliant eCommerce merchant account with PayHalal.

        2.      PayHalal has a very sophisticated underwriting process. Not all merchants have an equal level of risk for their shariah compliant transactions, something that should be taken into consideration during the underwriting process. A customized underwriting process leads to fewer problems down the road and helps avoid an unexpected shutdown of the account due to miscalculations.

        3.      Some are shared or aggregated accounts. Some eCommerce merchant accounts are shared among all the merchants serviced by the payment gateway. That means your risk profile is blended in with all the other non-halal and shariah compliant merchants in the pool—which is not permissible for Muslims. Before you sign on with a payment service provider, as a Muslim eCommerce entrepeneur or merchant (who sells to Muslims), check if you will have a dedicated shariah compliant merchant account or aggregate conventional account and consider how that might affect your online halal and shariah compliant business.

PayHalal, an ideal all-in-one shariah compliant eCommerce payment platform

Payment gateways and merchant accounts might sound complicated but they do not have to be.

PayHalal can give you everything you need—a payment gateway, merchant account and a host of advanced processing features including social media and whatsapp payment solutions —to sell anywhere in the world successfully. Our all in one gateway is secure, reliable, fast and above all shariah compliant. You can also rely on us for personalized guidance and support when you have questions or set out to conquer new sales territories.

Do you have payment challenges we can help with?

Email us salam@payhalal.my

Whatsapp,Facebook and Instagram Contactless payment by PayHalal now getting more shares and likes!

The global Coronavirus pandemic has challenged muslim owned businesses to innovate and to move contactless payments . Many small-business owners who traditionally manage cash transaction businesses faced the risk of closing due to the sudden sharp drop in cash sales as customers choose to go contactless sales transactions not limiting to banknotes it has also extended to card present transactions and cheques as consumers have become hyper sensitive to hygiene and infectious disease through cash, cheque and card contact transactions.

To transform businesses into contactless businesses PayHalal Sharia Compliant Payment has introduced the ‘Contactless ayment Link’ a safe, fast and easy solution for merchants.

The payment link allows merchants to easily send their customers a payment link via any messaging app such as email, SMS or WhatsApp and receive payments conveniently anytime, anywhere.

For micro small Merchants they’ll be able to avoid investing in a costly Point-of-Sale (POS) or payment terminal which requires constant upgrades and maintenance , payHalal static QR payment is also available for food delivery rider to accept Payments On Demand PayHalal P.O.D.

For further information on PayHalal‘Contactless Payment Link’ please contact salam@payhalal.my