Terms of Use

Effective date: 1 July 2026

Operator

SukukFi Labs Inc, incorporated in the Republic of Panama (company number 155754578), operates the SukukFi decentralised application at app.sukuk.fi and the documentation at docs.sukuk.fi (together, the "Platform"). These Terms of Use govern your access to and use of the Platform.

By connecting a wallet, depositing assets, or otherwise using the Platform, you enter a binding agreement with SukukFi Labs Inc on the terms set out here. If you do not agree, do not use the Platform.

1. Participation Agreement

When you deposit into a vault, you enter into a Participation Agreement with SukukFi Labs Inc. This grants you a proportional beneficial interest in SukukFi Labs' rights under the relevant financing arrangement, drawn from SukukFi Ltd's assignment of receivables from the named obligor. Your proportional interest equals your share of the vault's total deployed capital.

Vault participation tokens (e.g. duPRT) represent your beneficial interest on-chain. The tokens transfer freely on Berachain without restriction. Transferring a token does not automatically novate the off-chain rights under the Participation Agreement to the recipient; the on-chain token is the primary instrument of economic entitlement.

2. Eligibility

You must:

• Be at least 18 years of age and have the legal capacity to enter contracts in your jurisdiction.
• Not be located in, or a national of, a jurisdiction excluded under SukukFi's two-tier jurisdiction policy:
  • Tier 1 (FATF Blacklist, platform-wide): North Korea, Iran, and Myanmar. See fatf-gafi.org for the current list.
  • Tier 2 (CommTrade telecom onboarding, extended restricted jurisdictions): Algeria, Angola, Bolivia, Bosnia and Herzegovina, Bulgaria, Cameroon, Côte d'Ivoire, Democratic Republic of the Congo, Haiti, Iraq, Kenya, Kuwait, Lao PDR, Lebanon, Monaco, Namibia, Nepal, Papua New Guinea, South Sudan, Syria, Venezuela, Vietnam, Virgin Islands (UK), and Yemen. These align with FATF Jurisdictions under Increased Monitoring.
  Use of the Platform from any excluded jurisdiction is a material breach of these Terms.
• Independently determine whether use of the Platform is lawful in your own jurisdiction. SukukFi makes no representation that the Platform is lawful in any particular jurisdiction.

3. Minimum Deposit

The minimum initial deposit per vault is 1,000 USDT-equivalent (or the equivalent in the supported stablecoin for that vault). Deposits below this threshold are rejected by the vault contract. The minimum is displayed at the point of deposit and may be updated.

4. Token Classification

Vault participation tokens, including duPRT, are structured as participation interests in a contractual arrangement. They do not constitute securities, units in a collective investment scheme, deposits, or regulated financial products in any jurisdiction. This characterisation is not a legal opinion and may not apply in your jurisdiction. Seek independent legal advice before investing.

5. Islamic Finance Principles

SukukFi structures vault arrangements on Islamic finance principles, including Mudarabah (profit-sharing) and Murabaha (cost-plus markup). Returns derive from identified commercial arrangements, not interest-bearing debt.

Certification status: No independent Sharia supervisory board has certified any SukukFi vault. SukukFi applies these structures as a design principle, not as a certified or regulated Sharia-compliant product, and does not represent that any vault meets any religious or regulatory Sharia standard. Investors seeking certified compliance should obtain an independent Sharia opinion.

6. Fees

SukukFi charges no management fee or withdrawal fee to depositors. A performance fee of up to 20% may apply to profit distributions from specific vaults; the applicable fee is disclosed before deposit. SukukFi may waive the performance fee in whole or in part for any vault or period at its discretion. Settlement and telecom transaction fees apply to borrowing businesses, not depositors.

7. Risks

Depositing into vaults involves significant financial risk, including but not limited to: smart contract vulnerabilities; bridge and cross-chain risk; obligor payment default; counterparty failure (including Fuze Finance operational risk); liquidity risk during redemption periods; and regulatory or legal risk. Past performance is not indicative of future results. You may lose some or all of your deposited capital. See Investor Protection for a full risk summary.

8. No Investment Advice

Nothing on the Platform constitutes investment, legal, financial, tax, or regulatory advice. You are solely responsible for investment decisions and must conduct your own due diligence.

9. Intellectual Property

SukukFi Holdings Inc owns the SukukFi brand, trademarks, and Platform software. SukukFi grants you a non-exclusive, non-transferable licence to use the Platform for its intended purpose. Do not reverse-engineer, copy, or distribute Platform software.

10. Limitation of Liability

To the maximum extent permitted by applicable law, SukukFi Labs Inc's total aggregate liability for any claim arising from or related to these Terms or the Platform is limited to the lesser of USD 1,000 or the fees you paid to SukukFi Labs Inc in the 12 months preceding the claim. SukukFi Labs Inc is not liable for any indirect, consequential, incidental, punitive, or exemplary damages.

11. Governing Law and Dispute Resolution

These Terms are governed by the laws of the Republic of Panama. Any dispute arising from or relating to these Terms that cannot be resolved informally shall be submitted to binding arbitration in Panama City, Panama, conducted in English under the rules of the Centro de Conciliación y Arbitraje de Panamá.

12. Changes to These Terms

SukukFi Labs Inc may update these Terms at any time by posting the revised version at docs.sukuk.fi/terms-of-use. Continued use of the Platform after the effective date of a revision constitutes acceptance of the revised Terms.

13. Contact

Legal queries: legal@sukuk.fi
Privacy queries: privacy@sukuk.fi