Country-Specific Regulatory Addendum
Bangladesh (Primary Jurisdiction)
This Country-Specific Regulatory Addendum (“Addendum”) applies to users, partners, donors, and stakeholders engaging with Afiyah Infinity within the jurisdiction of the People’s Republic of Bangladesh.
This Addendum should be read together with Afiyah Infinity’s Terms & Conditions, Privacy Policy, and Shariah Governance Framework.
1. Regulatory Position in Bangladesh
Afiyah Infinity operates in Bangladesh as a financial empowerment, education, and facilitation platform, and not as:
- A licensed bank
- A non-bank financial institution (NBFI)
- A mobile financial service (MFS) provider
- A deposit-taking institution
Afiyah Infinity does not accept public deposits, does not create money, and does not provide interest-based financial products.
2. Relationship with Bangladesh Bank & Financial Regulators
Afiyah Infinity:
- Does not conduct activities that require direct licensing from Bangladesh Bank under existing banking or financial institution regulations
- Operates through partner-led regulatory compliance, collaborating with:
- Licensed Islamic banks
- Regulated financial institutions
- Approved service providers (where applicable)
All regulated financial transactions, where required, are executed only through duly licensed partner institutions.
3. Shariah Compliance in the Bangladesh Context
Afiyah Infinity aligns its operations with:
- Islamic finance principles recognized in Bangladesh
- Established Shariah standards commonly applied by Islamic banks and financial institutions
- Independent Shariah advisory oversight
Key principles include:
- Prohibition of Riba (interest)
- Avoidance of Gharar (excessive uncertainty) and Maisir (gambling)
- Emphasis on risk-sharing, ethical trade, and real economic activity
Afiyah Infinity does not represent itself as a Shariah authority and encourages users to seek independent scholarly guidance where needed.
4. Zakat, Sadaqah & Waqf Governance (Bangladesh)
For users and donors in Bangladesh:
- Zakat, Sadaqah, and Waqf funds are strictly segregated from operational and investment funds
- Funds are deployed only to Shariah-eligible beneficiaries and purposes
- Records are maintained for transparency, auditability, and donor accountability
- Charitable deployment complies with applicable laws governing donations and non-profit activities in Bangladesh
No charitable funds are used for operational expenses unless explicitly disclosed and Shariah-approved.
5. Consumer Protection & User Responsibility
Afiyah Infinity adheres to principles aligned with consumer protection norms in Bangladesh by ensuring:
- Clear disclosures
- No misleading claims of guaranteed profits
- Transparent communication of risks
- Voluntary participation
Users acknowledge that:
- Afiyah Infinity does not provide personalized financial, legal, or tax advice
- Financial outcomes depend on real economic performance
- Participation is at the user’s own discretion
6. Data Protection & Local Handling
User data relating to Bangladesh is handled in accordance with:
- Afiyah Infinity’s Privacy Policy
- Applicable data protection and cybersecurity obligations in Bangladesh
- Ethical data use principles (Amanah, minimality, purpose limitation)
Data may be processed using secure systems and trusted service providers, subject to confidentiality and safeguards.
7. Regulatory Cooperation
Afiyah Infinity is committed to:
- Good-faith cooperation with Bangladeshi regulators
- Providing information when lawfully required
- Adjusting operational models in response to regulatory guidance or changes in law
Nothing in this Addendum shall be construed as an attempt to bypass or undermine regulatory authority.
8. Interpretation & Precedence
In the event of any conflict between this Addendum and other platform documents:
- Applicable laws of Bangladesh shall prevail
- This Bangladesh-specific Addendum shall take precedence for Bangladesh users
- Remaining platform policies shall apply to the extent they are consistent
9. Contact for Regulatory or Compliance Matters
For regulatory, audit, or compliance-related communication in Bangladesh:
📧 info@afiyahinfinity.com
Subject Line: Regulatory / Compliance Inquiry – Bangladesh
Afiyah Infinity
Operating with integrity, transparency, and Shariah alignment within Bangladesh.