Access & Compliance

Platform Access

The SukukFi dApp is accessible to any wallet on Berachain Mainnet with a supported stablecoin. Depositing into live vaults requires no identity verification (KYC).

The following persons are excluded from using the Platform:

• Persons located in, or nationals of, FATF-blacklisted jurisdictions (Tier 1, platform-wide block): North Korea, Iran, and Myanmar. See fatf-gafi.org for the authoritative current list. Access is geo-blocked at the infrastructure layer.
• Persons for whom vault participation would breach applicable law in their own jurisdiction, including applicable securities, investment, or financial services law.

The underlying smart contracts on Berachain are permissionless. Geo-blocking is enforced at the application layer. Circumventing geo-blocks from any excluded jurisdiction is a breach of the Terms of Use.

Jurisdiction Exclusions

SukukFi operates a two-tier jurisdiction exclusion policy.

Tier 1 (FATF Blacklist, platform-wide): North Korea, Iran, and Myanmar. All platform users in these jurisdictions are geo-blocked.

Tier 2 (CommTrade telecom onboarding, extended restricted jurisdictions): Carriers domiciled in the following jurisdictions are ineligible for CommTrade onboarding: 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 and equivalent risk frameworks.

Minimum Deposit

The minimum initial deposit is 1,000 USDT-equivalent per vault. Deposits below this amount are rejected by the vault contract. The current minimum is shown at the point of deposit in the app.

Know Your Business (KYB)

SukukFi operates two separate KYB processes for entities in the commercial structure:

1. Telecom carrier onboarding: Carriers seeking access to the CommTrade routing platform undergo SukukFi’s internal KYB review before admission. This covers business verification, AML screening, and integration requirements. Carriers domiciled in Tier 1 or Tier 2 restricted jurisdictions (see Jurisdiction Exclusions above) are ineligible for onboarding.
2. Obligee onboarding (Fuze Finance): The obligee (the entity directed to pay invoice proceeds into the settlement IBAN) undergoes KYB with Fuze Finance as part of the IBAN setup. Fuze Finance is a regulated financial institution. This KYB is a Fuze Finance requirement, separate from SukukFi’s internal process.

On-chain depositors (LPs) do not currently undergo KYC. The ERC-7540 async vault architecture supports KYB/KYC gating at fulfilment if regulatory requirements change, without modifying the core deposit flow.

Regulatory Classification

SukukFi Labs Inc (Panama) does not hold a financial services licence and does not seek regulatory authorisation for the dApp. Vault participation tokens (e.g. duPRT) are structured as participation interests in a contractual arrangement, not as securities, units in a collective investment scheme, or deposit-taking products.

Returns derive from a specific identified commercial arrangement (receivable invoice payments from a named obligor), not pooled investment discretion. Vault deployment conditions are encoded in smart contracts before capital is accepted. This is not a legal opinion and may not apply in your jurisdiction. Each user bears responsibility for compliance with applicable laws. See Who Can Invest for further guidance.

Sharia Principles

SukukFi structures vaults on Islamic finance principles (Mudarabah and Murabaha). No independent Sharia supervisory board has certified any SukukFi vault. See How SukukFi Aligns for detail on the structural approach and certification status.