Our Services
Alberta Verified Financial Exchange (AVFE) is a Canadian payment platform built for ethical, riba-free charitable giving to verified masjids nationwide. We combine rigorous masjid verification, transparent fee disclosure, CRA-aligned receipting, and FINTRAC-ready operations—running on purpose-built infrastructure hosted in Canada under our direct control, not public cloud—so communities can fundraise with confidence and institutions can meet their obligations without compromise.
What We Deliver
From the first donor tap to weekly settlement in your masjid’s operating account, AVFE orchestrates identity, payments, compliance monitoring, and reporting as one integrated stack—designed for Islamic finance norms and Canadian regulatory reality.
AVFE is not a generic donation widget—it is a verified financial exchange that connects donors only to masjids that have cleared our five-gate onboarding. Each listed organization is vetted for governance, banking legitimacy, charitable purpose alignment, and ongoing compliance posture before it can receive funds. Donors see clear attribution to the masjid and cause; masjids receive funds with an auditable chain from intent to payout.
Payment flows are engineered for integrity and repeatability. Interac e-Transfer webhooks are validated with cryptographic signature verification; processing paths are idempotent so duplicate notifications never double-credit a masjid. As we introduce debit card acceptance, every attempt is screened at the BIN level to reject credit products, preserving riba-free constraints. Technical controls sit alongside operational procedures so anomalies are detected early and resolved with evidence.
AVFE is structured for FINTRAC Money Services Business (MSB) obligations: know-your-customer tiers, record-keeping, reporting pathways, and a culture of escalation when thresholds or typologies warrant. We integrate OSFI sanctions screening into onboarding and periodic refresh cycles. Masjid verification and donor verification work together so risk is managed before funds move, not only after the fact.
Beyond software, we support masjid leadership with five-gate onboarding playbooks, document checklists, and hands-on review of banking and governance materials. Approved masjids receive a dashboard for causes, campaigns, and financial visibility—plus training so treasurers and volunteers can operate the platform without exposing the organization to operational or reputational risk.
Our monitoring program covers AML red flags, velocity and pattern anomalies, and anti-structuring heuristics tuned for charitable contexts—noticing when behaviour diverges from normal congregational giving. Alerts feed a controlled review workflow; outcomes are logged for audit readiness. The objective is early detection, fair treatment of donors and masjids, and defensible decisions under regulatory scrutiny.
Treasurers and boards receive donation tracking by cause, channel, and period; payout reports reconcile what cleared versus what is in flight; and exportable summaries support year-end governance and external questions. We also support CRA filing workflows through structured receipt data and numbering—so official donation receipts remain consistent with Canada Revenue Agency expectations while respecting donor privacy.
Payment Roadmap
AVFE rolls out capabilities in deliberate phases: start with the most universally accessible halal rail (Interac), add regulated debit processing, then introduce an internal wallet so repeat donors can give without friction. A simple 1% fee per transaction is disclosed before every confirmation, and 100% of that is reinvested into the resources needed to maintain and improve this service.
Phase 1: Live first
Phase 1 meets donors where they already bank. After choosing a masjid and amount in the AVFE donor experience, the donor receives a unique reference code (for example, structured like AVFE-YYYYMMDD-MASJID-######) and sends an Interac e-Transfer from their financial institution. Our webhook endpoint confirms receipt using cryptographic signature verification, matches the memo to the pending donation, and marks the gift as cleared—triggering receipt generation and ledger entries in one controlled pipeline.
Phase 2: In roadmap
Phase 2 adds debit card acceptance for donors who prefer card rails while keeping AVFE’s riba-free commitment intact. Before authorization, the platform performs BIN-level analysis to reject credit products; only eligible debit funding sources proceed. Fees are never hidden: donors see a clearly disclosed $0.50 processing fee (and any applicable taxes) before they confirm payment, in line with AVFE’s fourth pillar of verifiable integrity in user-facing economics.
Phase 3: Strategic
Phase 3 introduces an internal AVFE wallet: donors load value into their wallet account through approved funding methods, then distribute gifts to one or many verified masjids over time. Internal transfers between wallet balance and masjid settlement carry zero AVFE-imposed transfer cost, reducing friction for frequent givers and structured campaigns while keeping funds inside the compliant perimeter until payout.
For Institutions & Donors
AVFE splits product depth across two primary experiences: a masjid-facing dashboard for governance and operations, and a donor-facing application for discovery, giving, and personal record-keeping—both backed by the same Canadian-hosted environment for data residency and operational control.
The masjid dashboard is the operational hub after your organization clears verification. It is designed for imams, volunteer treasurers, and boards who need clarity without exposing sensitive donor data beyond what policy allows.
Create and publish zakat, sadaqah, construction, and event campaigns with descriptions, targets, and visibility rules that match your constitution and CRA registration scope.
Period summaries, channel breakdown (Interac, future debit, wallet), and drill-down to cleared versus pending so leadership can answer “where did last month’s giving go?” in minutes.
Monitor issuance status, voids and corrections, and numbering sequences aligned to CRA expectations; export packages for year-end review or professional accountants.
See weekly payout batches, expected arrival dates, and reconciliation notes tied to verified bank accounts—reducing anxious calls to the finance committee.
The donor application (mobile-first) helps Muslims across Canada find legitimate local houses of worship and support them without riba, surprise fees, or opaque intermediaries—while preserving a private history of their own giving.
Locate verified masjids by city, province, or name; read verified profiles that explain causes and governance basics before you give.
Choose amount, fund designation, and payment rail (Interac today; debit and wallet as phases roll out); receive step-by-step funding instructions and confirmation when the masjid’s side reconciles.
Allocate one intention across multiple masjids or causes in a single workflow—useful for travelers, professionals supporting hometown and local communities, and family giving decisions.
Schedule reminder-based repetition for Interac-era giving, transitioning to automated pulls only where halal rails allow; never silently charge a card you did not explicitly authorize as debit.
Access official donation receipts in one place for tax filing; download or share securely when your accountant requests documentation.
Begin the five-gate verification process, connect your operating account for weekly payouts, and publish verified causes to donors from coast to coast. Our team will walk your board through compliance expectations, technical setup, and training—without compromising AVFE’s riba-free, transparent mandate.
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