Goldsand
Goldsand is a non-custodial savings app that enables Muslims to earn up to 6% APY on cash deposits without interest, in compliance with Sharia law. The app generates returns by sharing fees from stablecoin payment infrastructure with users, offering full liquidity and instant, penalty-free withdrawals. Available on iOS and Android for US residents, it provides a halal alternative to traditional interest-based savings accounts.
- Financial Technology
- Blockchain & Cryptocurrency
- Web3 & NFTs
- Software Only
Funding
Founders
Founder details are not available yet.
Product
Problem
Muslims seeking Sharia-compliant savings options often face a limited set of tools that either offer interest-based returns (prohibited in Islam) or yield low rates that fail to outpace inflation. Traditional banks use deposits for interest-bearing loans, while halal alternatives frequently lack competitive returns, full liquidity, and modern usability, forcing observant users to compromise between religious compliance and financial growth.
Solution
Goldsand provides a high-yield savings app that earns returns without interest by connecting user deposits to stablecoin payment infrastructure. When users deposit funds, Goldsand places capital with payment operators who process stablecoin transactions; the fees generated from these payments are shared with users as profit, not interest. The app offers up to 6% APY, full liquidity, and instant withdrawals without penalties, distinguishing it from traditional savings accounts that pay fractions of a percent or investment products with lock-ups. Goldsand is a non-custodial software interface that facilitates access to decentralized finance protocols including third-party yield-generating smart contracts, with regulated partners handling fiat on/off ramps and bank links.
Target Audience
Primary customers are Muslims in the United States seeking Sharia-compliant savings options with competitive returns, particularly those who have previously lacked access to halal high-yield savings products.
Features
- Up to 6% APY on cash deposits, funded by sharing in stablecoin payment transaction fees rather than interest
- Full liquidity with instant, penalty-free withdrawals and no waiting periods
- Non-custodial architecture where users retain control of private keys; Goldsand does not have custody of digital assets
- Sharia-compliant structure reviewed by qualified scholars, providing an interest-free halal savings alternative
- Fiat on/off ramps through regulated third-party partners (Astra, Bridge) for ACH transfers and bank account linking
- Platform fee structure based on an annualized percentage of assets managed, deducted from protocol rewards before balance display
- Available on iOS and Android app stores for US residents (excluding New York and Alaska)