Institutional infrastructure for the tokenization of real economic assets
MusharaqaHub structures Shariah-compliant participation in productive, real-economy assets — so that each token is legally backed by a share in a specific asset, with documented title and clearly defined rights
For asset owners, institutional investors, and strategic partners
An honest foundation for the real economy
An economy built on speculation, leverage, and quiet dishonesty inevitably produces bubbles — and crises in which ordinary people lose their savings. Our mission is to offer a different foundation: infrastructure cleansed of speculation, usury, and unfair practice, where every token is a real share of a real asset. We are here to make trust, once again, the basis of doing business.
Ethical infrastructure for the real economy — finance without speculation, usury, or deceit, so people can trust again.
A disciplined structure for real-economy participation
MusharaqaHub connects capital to identifiable, productive assets through a Shariah-compliant framework — ethical by structure, anchored to real assets, and digital by infrastructure
Ethical by structure
Built on Musharakah participation and profit-and-loss sharing — not speculative or interest-based exposure
Anchored to real assets
Every position is linked to an identifiable, income-generating real economic asset with documented rights
Digital by infrastructure
Built on permissioned, identity-gated token standards (ERC-3643) — AIFC rules require every holder to be identified, keeping ownership transparent within a closed, compliant network
Beyond RWA — assets that actually produce
Real Economic Assets (REA) is our term for purely productive, real-economy assets, distinct from the broader universe of financial instruments often grouped under “RWA.” We focus on value that is created, not merely traded
The distinction matters. Participation is tied to output and ownership of real assets, and each class is structured and independently valued by its own methodology — keeping structures transparent, asset-linked, and aligned with Shariah principles
Intellectual property
Patents and licensable know-how with revenue potential
Real estate
Income-producing property and development
Commodities
Tangible, deliverable goods within compliant structures
Productive enterprises
Operating assets that generate real economic output
From a real asset to disciplined participation
Asset onboarding
A real economic asset is identified, documented, and structured for compliance
Shariah structuring
Ownership and returns are arranged under Musharakah profit-and-loss-sharing principles
Tokenized participation
Each token represents a share of participation in a Musharakah structure — an equity interest legally backed by documented title, not a debt claim
Transparent records
Rights, obligations, and ownership are recorded with documentation discipline
Built for institutional scrutiny
Structure, jurisdiction, and standards are treated as first-class design constraints — not afterthoughts
AIFC public company
Incorporated in the Astana International Financial Centre, operating within the AFSA regulatory framework and English common law
AAOIFI alignment
Product structures are developed in alignment with AAOIFI standards for Islamic finance
Participation-based structuring
Transactions are structured under Shariah supervision, following Musharakah profit-and-loss-sharing principles and AAOIFI standards
AIX listing pathway
Preparing for a listing on the Astana International Exchange (AIX), with a pre-IPO pathway in progress
Substance over narrative
Institutional mindset
Built around clarity, governance, and long-term credibility rather than speculative narratives
Real-economy value
Value tied to productive assets and real economic activity, not speculative cycles
Ethical by principle
Participation-based finance reflecting fairness, risk sharing, and asset linkage
Restraint by design
Infrastructure that serves transparency and process, used as a tool rather than noise
The people behind the structure
MusharaqaHub brings together a multidisciplinary team across Islamic finance, governance, investment structuring, and technology
Prof. Yerlan Baidaulet
Baurzhan Sartbayev
Renat Kudakaev
Vladimir Makarov
Vlad Sapozhnikoff
Full team and advisory details are shared selectively through partnership discussions
Start a strategic conversation
We welcome dialogue with asset owners, institutional investors, and partners aligned with disciplined, Shariah-compliant participation
What to include
- Who you are and the nature of your interest
- The asset, mandate, or partnership you have in mind
- Relevant jurisdiction and timeline