Terms ofService
These terms govern your use of Islamic Open Finance™ API services and platform.
Last updated: January 14, 2025
These Terms of Service ("Terms") govern your access to and use of Islamic Open Finance™'s API services, website, and platform (collectively, the "Service"). By accessing or using our Service, you agree to be bound by these Terms.
1. Acceptance of Terms
By accessing or using our Service, you:
- Confirm that you are of legal age to form a binding contract
- Agree to these Terms and our Privacy Policy
- Represent that you have the authority to accept these Terms on behalf of yourself or your organization
- Acknowledge that your use of the Service is at your own risk
2. Service Description
Islamic Open Finance™ provides:
- Banking-grade API infrastructure for Shariah-compliant finance
- Contract management for Islamic finance products (Murabaha, Ijarah, etc.)
- Shariah compliance and governance tools
- Payment processing and settlement infrastructure
- Developer tools and documentation
- Sandbox environments for testing
3. User Responsibilities
Compliance
You must comply with all applicable laws, regulations, and Shariah principles when using our Service.
Security
You are responsible for maintaining the confidentiality of your account credentials and API keys.
Lawful Use
You may not use our Service for any illegal, harmful, or unauthorized purposes.
4. Acceptable Use
Prohibited Activities
You may not:
- Reverse engineer, decompile, or attempt to extract our source code
- Use our Service to create competing products or services
- Exceed API rate limits or usage quotas
- Introduce malware, viruses, or harmful code
- Violate Shariah principles or facilitate non-compliant activities
- Transmit false or misleading information
- Interfere with or disrupt the Service or servers
5. Intellectual Property
Our Rights
Islamic Open Finance™ retains all rights, title, and interest in:
- The Service and all proprietary technology
- API documentation, SDKs, and tools
- Trade secrets, patents, and intellectual property
- Brand names, logos, and trademarks
Your Rights
You retain ownership of:
- Data and content you submit to our Service
- Applications and solutions you build using our APIs
- Your own intellectual property
6. Fees and Payments
Pricing
Our Service offers:
- Free Tier: Limited API calls for development and testing
- Professional Plans: Scalable pricing based on usage
- Enterprise Solutions: Custom pricing for large deployments
Payment Terms
- All fees are non-refundable unless specified
- Prices are subject to change with 30 days notice
- You authorize automatic billing for recurring subscriptions
- Payment processing fees may apply
7. Service Availability
Uptime Commitment
We strive to provide:
- 99.9% uptime for paid plans
- Regular maintenance windows with advance notice
- Real-time status updates and incident communication
- Service credits for significant downtime
Service Modifications
We reserve the right to:
- Update, modify, or discontinue features
- Change pricing with reasonable notice
- Suspend access for violations of these Terms
8. Limitation of Liability
Disclaimer
To the maximum extent permitted by law:
- Our Service is provided "as is" without warranties
- We are not liable for indirect, incidental, or consequential damages
- Our liability is limited to fees paid in the preceding 3 months
- We are not responsible for third-party integrations
- Shariah compliance verification is your responsibility
9. Termination
Account Termination
You may terminate your account at any time. We may suspend or terminate accounts for:
- Violation of these Terms
- Illegal or harmful activities
- Non-payment of fees
- Extended inactivity
Effect of Termination
Upon termination, your right to use the Service ends, and we may delete your data after a reasonable period.
10. Governing Law
These Terms are governed by:
- Laws of the United Arab Emirates
- Disputes resolved through arbitration in Dubai
- English language governs interpretation
- Severability applies to invalid provisions
11. Contact Information
For questions about these Terms of Service, please contact us: