Vision & roadmap
Structure before capital.
Where KHATT is going, in the order we intend to build it — described as intent, not as a commitment, a forecast or a promise of dates.
The vision
One verified travel asset, governed end to end.
KHATT Capital operates a non-bank, fee-only Sharia transaction infrastructure designed to structurally prevent non-compliant transactions — built for the global halal travel economy.
The long-term aim is narrow and specific: that a halal travel transaction can be verified once, structured under a governed contract, paid through licensed partners directly to a verified supplier, monitored to delivery and reconstructed years later from its own record. Everything else on this page is sequencing towards that.
What KHATT does not intend to become is equally specific. It does not intend to lend, to take deposits, to hold client money, to execute payments itself or to underwrite insurance risk. Those activities belong to licensed institutions, and the design keeps them there.
Sequence rule. Risk, Sharia governance and money controls must be proven before volume. The platform will not attempt to launch every module at once.
Read this as intent. Every phase below is planned direction, not a commitment, an offer, a forecast or a service-level promise. Sequence, contents and timing will change with legal advice, Sharia review, licensing outcomes, partner readiness and funding. Nothing here should be relied upon.
Delivery phases — intent
Build the smallest compliant platform that produces trusted data.
The intended technical sequence. Each phase depends on the one before it; none of them is a dated commitment.
MVP — Core
Onboarding and the travel asset registry: a reusable trust profile for agencies, suppliers, directors and beneficial owners, and one canonical record per financed trip or supplier obligation.
V1 — Risk
Rules, documents and payments: the governed Sharia rules service, document extraction and validation, the evidence gate, and payment instruction routed to licensed partners under maker-checker authorisation.
V2 — Intelligence
Graph, score and forecasting: a connected model of companies, people, suppliers, accounts and travel assets; a travel-native risk profile; cash-flow forecasting.
V3 — Platform
APIs and white label: embedding verification, structuring and risk inside banks, suppliers and travel software rather than requiring them to come to a portal.
V4 — Capital
Investor and pool infrastructure: reporting, servicing and evidence for ring-fenced pools, so that licensed funders can make their own independent decisions on their own licences.
Internal planning documents also describe the same direction with product labels rather than version numbers — Finance, then Payments, then Network, then Platform, then Capital. The intent is identical; the labels are not a second roadmap.
Market sequence — intent
One corridor, proven, before anything widens.
Land
Qatar as the home base, with licensed Umrah operators, one tightly controlled corridor, and a ring-fenced pool that is kept strictly separate from operating equity. The two must never be conflated.
Grow
Operator onboarding across the GCC and selected diaspora corridors, and the Ijarah line alongside Murabaha — each subject to legal and Sharia review in the relevant jurisdiction.
Expand
Halal travel beyond pilgrimage, platform and API licensing to banks and travel software, and pool infrastructure for licensed institutional funders.
No corridor, partnership, operator or pool described above is signed, funded or live. Named markets are intended sequence only, and each one carries its own licensing, tax and Sharia analysis that has not yet been completed.
Gates
What has to be true before any of it starts.
These are not milestones we expect to pass. They are conditions, and until they are met the sequence above does not begin.
An independent Sharia board, seated
- The Sharia Supervisory Board charter is drafted and scholar appointments are underway.
- No board is seated today. No fatwa, no Sharia certification and no legal opinion exists.
- Operations do not begin before those appointments are confirmed and templates are approved.
- Once appointed, the board reports to the Board of Directors, samples transactions and can halt any of them.
A written legal opinion
- Entity registration and regulatory engagement are in progress; KHATT holds no financial services licence.
- The regulatory perimeter for origination, servicing, payment initiation and data activities is subject to a formal legal opinion that has not yet been obtained.
- Regulated activity runs through appropriately licensed banking, payment, escrow, custody and takaful partners — never through KHATT.
- No partner is named or signed today.
A documented go-live certificate
- The first programme activates only after legal, Sharia, risk, technology, payments and servicing owners each sign a documented readiness certificate.
- That certificate carries explicit limits and escalation paths.
- We do not launch on narrative alone.
Controls proven in the open
- Every pilot transaction sampled for Sharia review, with manual review of every exception.
- Any payment outside a gate halts all transaction activity pending review.
- Independent annual Sharia audit alongside external financial audit, with reconstruction-ready records.
Status
Where the work actually stands.
Architecture
Sharia architecture v1.0 is complete and designed with reference to AAOIFI standards, subject to Sharia Supervisory Board approval. The MVP is in build.
Transactions
No transaction has been executed. There is no operating history, no repayment data and no loss data, and we do not present planning scenarios as if there were.
Structures
Four structures are drafted as an illustrative toolkit with five specimen drafts. None is approved. See the structures or read the specimens.
You can see the intended workflow running on synthetic data in the platform sandbox, and read how the pieces fit together in how it works.
Hold us to the sequence.
If we claim a phase is done, ask for the evidence. That is the point of building it this way.