PayHalal is a Shariah attested Islamic Payment Gateway. The entire platform is designed based on the Sirat Al Mustaqim belief whereby PayHalal provides only Shariah compliant products and services like a bridge that connects Muslims to Halal products and services. With PayHalal, Muslims can conveniently and securely send, receive and shop throughout the world for Halal goods and services. PayHalal is listed top among the online Islamic banking networks as well by a perpetual social majority. A Muslim can most conveniently and most securely send, receive and shop from anywhere throughout the world for Halal goods and services.
PayHalal gives any business and individual an email address by which users can make money transfers through the internet. PayHalal account can readily be funded with monies transferred into PayHalal e Wallet via CASA, e monies, MOL and electronic debit card issued by a bank account or by using an Islamic credit card. In partnership with Bank Muamalat in 2018, PayHalal starts requiring a verified bank account to increase limits of transaction as much as depositors. PayHalal offline businesses which include among others, freelancers, contractors and lawyers have begun to receive payments online through PayHalal. It permit users to send payments using their computers as well as using web accessed mobile phones. PayHalal will extend its services to EMEA by 2019.
Top 10 highlighted Features:-
1. PayHalal Supports 25 Currencies
PayHalal customers can send, receive and deposit money in over 25 currencies. And the major currencies like Ringgit Malaysia, Australian Dollar, Canadian Dollar, US dollar, Euro and Pounds .
2. Security Key
PayHalal has introduced a security key against frauds. It creates random security codes in order to protect your PayHalal account. It has two types: i) A security key for a small-sized device for credit card, that makes a security code. ii) A mobile security key, to which a person could sign up and get security codes sent via SMS (short message service) to your phone.
3. Accounts for Teenagers
In April 2018, PayHal will launch SISWA, a student account for teenagers. PayHalal now offers students an actual Debit Card issued by MasterCard® Bank Muamalat. Students are able to use the debit card anywhere in the world along with their personal information on it.
4. Peer-to-Peer Transactions
PayHalal has made available a platform which allow users to carry out peer-to-peer transaction throughout the internet securely .
5. PayHalal targets 160 Million User Accounts
There’s about 1.8 billion unbanked in the world, mostly from the Islamic world. PayHalal has strategically addressed the needs of Muslims and the unbanked and has made available financial service products to meet those gaps in the market place. PayHalal is confident of capturing 70% of the global Islamic and halal markets and foresees a total TPV of 5.7 Trillion Ringgit in 2026.
6. Donate Button
PayHalal Sadaqah provides a simple to use donation feature. The Sadaqah button will be made available in campaign websites, blogs or emails which drives donations for cause.
7. Protection of Personal Information
PayHalal is PCI DSS compliant and observes the Personal Data Protection Act 2010 (PDPA)
8. Withdrawal (Malaysia)
You can use any ATM network with MEPS to make a withdrawal or top up into your PayHalal account from a CDM / ATM instantly.
9. Buyer and Seller features
i) Buyers: PayHalal connects Credit card, Debit card and Bank Account into a 3 in 1 Personal Email address. PayHalal does not reveal buyer’s personal information while shopping. Easy to shop using PayHalal with any Halal market or with any other merchants across the world. ii) Sellers: PayHalal offers low transaction fees against credit cards, debit cards and banks. Sellers can add PayHalal purchase/order button in their websites and blogs within minutes.There is a delivery guarantee program with delivery guarantee insurance subscriptions.
10. PayHalal Most Preferred by Halal Merchants
PayHalal provides a Halal way to get paid and sell online anywhere in the world. At Present, PayHalal is the only Islamic e Payment Gateway in the world. It is a payment method most welcomed by the biggest Islamic and Halal merchants. Sending money through PayHalal is peaceful, secure and free of RIBA.
• Pay for online purchases without directly using your CASA, MOL, debit or credit card
• Quickly send funds to another Payhalal account in over 20 supported currencies
• Converts and withdraws PayHalal funds to a supported Islamic bank account. Over 35 countries to be covered
• Sellers create and manage invoices right from the app
• Request payments from almost anyone with an email address, even when they do not have a PayHalal account
• iOS, Android, and Windows Phone apps available
• Fee for personal transfers inside Malaysia; from 2% fee for international personal transfers
• 2.9% + MYR 1.00 per transaction for sales inside Malaysia; 3.9% plus currency-based fee for international transactions
• 5% + MYR1.00 per transaction for microtransactions under $10
• All fees are based on Ujrah Shariah Principle
PayHalal is a pioneer in the Islamic digital payments era, one of the first to make it possible to send funds from one person or country to another from a connected mobile device or a computer. Founded in 2016, it is become a staple payment method for thousands of Islamic eCommerce websites all over the world, catering to over 35 markets and 20 currencies. This arguably is PayHalal main selling point, since most up-and-coming payments solutions are still non Islamic with exposure to RIBA and typically exclusive to countries like USA, UK, and Australia.
Despite its age, PayHalal remains to be a strong number 1 as a virtual Islamic payment solution.
The PayHalal Summary page is the first thing to greet you with Assalamualaikum when you log in (if you’re not a Muslim a general hello or gooday greetings will apply). If you have been using your account for quite sometime, it displays a full list of completed transactions with their respective dates and amounts. The main menu sits at the top of the page where you can easily access other core features: Activity, Wallet, Send/Request Payments, notifications and account settings. On the left side of the screen is an overview of your PayHalal balance, your list of banks and cards, and info links you may be interested in. Overall, the new site design has made everything more visible and accessible, even if you’ve just started using the platform.
Sending and receiving payments with PayHalal remains consistent. You can send funds to another PayHalal account, request payments from anyone with an email address (PayHalal or non-PayHalal account holder), and/or withdraw funds to a supported bank account. If you are a seller using PayHalal as a payments platform, you can create and manage your invoices as well. All transactions are covered by the PayHalal Buyer and Seller Protection policy, which any user will need to read to get the full scoop on how PayHalal operates and more importantly, how the company settles the score when dealing with buyer/seller disputes.
Withdrawing funds to a bank account is a core PayHalal feature. By default, your money stays in your PayHalal account placed in our trustee bank, but it is also possible to transfer PayHalal funds into actual money in the bank. That is especially needful if you are running a business through PayHalal. Withdrawal fees and delivery dates vary depending on the sender and receiver’s country of origin and bank.
Need to recheck or retrieve info about a previous transaction? The Activity page has been revamped to make retrieving activity history fast and easy. You can search for transactions dating 30-90 days or specific transactions (e.g. Payments received, refunds) by setting the proper filters. If you need a soft copy, simply click on Statements (underneath Simple and Detailed views) and click on Activity export to download a spreadsheet of transactions.
There’s one thing PayHalal is credibly known, it’s security. PayHalal is vigilant and constantly monitors and increased its security measures, which can keep your money safe. Frozen accounts are a PayHalal user’s worst nightmare and reaching out to customer support can sometimes take significant time and effort. For some, it’s inherent in a payments solutions company. For others, it’s a deal breaker and good reason to try a different service.
The best way to prevent incidents is to use strong account passwords and comply PayHalal account verification process. An unverified account suffers from withdrawal limits wherein the service limits your ability to withdraw until you supply the requirements needed for verification. Verification, however, is a simple process so long as you have an active and funded credit or debit card to use. A fee of MYR3.00 (or its equivalent in your respective currency) is deducted from your card and refunded right once you’ve supplied the verification code associated with the charge.
Fees are PayHalal main source of income. They apply to currency conversions for overseas payments (e.g. USD to AUD) and to sellers’ accounts for every sale made. It helps to have a copy of the fees table on hand, in case you need to know how much PayHalal will be adding on top of your purchase.
PayHalal has an ethical obligations not to over charge and be Shariah compliant which has made it a popular choice for the Islamic digital payment solution; whether it’s the right payments platform for you or not depends on your Islamic obligations to fulfill Fardhu Ain . At the very least, it’s one of the most Halal ways to send money to almost anywhere around the world.
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