How it works
One travel asset. One operating record.
KHATT connects verification, Sharia-governed structuring, licensed-partner payment and settlement around a single verified travel transaction — so evidence and control never separate from money movement.
Agency booking → KHATT verification → licensed-partner settlement → supplier paid directly. The agency never receives unrestricted cash.
The lifecycle
Seven governed steps — from onboarding to renewal.
Onboarding
Licence verification, KYB, beneficial-ownership and sanctions screening of the agency — before anything else.
Assessment
Travel Score and Risk Graph profile the agency, supplier and asset; limits are proposed by the business and set by an independent risk function.
Structuring
An approved contract template is selected from the Sharia workflow — no free-text contracts.
Evidence gate
Ownership, possession or service-right evidence is collected and validated before any contract is issued.
Approval
Sharia review, then maker-checker (two-person) authorisation of the payment instruction.
Direct payment
A licensed banking or payment partner settles directly to the verified supplier account. No loose funds, ever.
Settlement & renewal
Delivery is confirmed and collections monitored; the agency settles the pre-agreed amount at tenor end, and clean performance grows the next programme limit.
Late payment never becomes income. The designed sequence is: due date → alert → board-approved charity commitment (sadaqah — never income to KHATT) → documented remediation, with a hardship process. Only actual recovery costs may be charged.
The operating system
One travel asset. Five connected layers.
Experience
Agency portal, supplier portal, AI concierge and marketplace.
Transactions
Structuring, escrow, payments, wallet and reconciliation workflows.
Risk & data
Travel Score, Risk Graph, cash-flow forecasts and monitoring.
Trust
Sharia rules, legal controls, AML/KYB and takaful referrals.
Capital partners
Licensed banks and Islamic funds connect through the infrastructure; KHATT takes no deposits and offers no investments.
What the platform promises
- Faster repeat decisions, because history becomes a reusable travel credit file.
- Lower risk, because payment and asset evidence stay connected.
- Lower operating cost, because standard cases are automated and exceptions are routed to humans.
- Higher retention, because agencies can manage programmes, suppliers and payments in one workspace.
Payments & escrow
Every payment linked to a real travel asset.
Delivered with appropriately licensed banking, payment and escrow partners in each jurisdiction:
- Virtual accounts for individual transactions.
- Multi-currency collections and supplier settlement.
- Rule-based payment waterfalls.
- Automatic matching of payment, invoice and booking.
- Refund and chargeback controls.
- Asset-level reconciliation and reporting.
Licensed partners only. Custody, escrow and payment execution are provided through appropriately licensed partners in each jurisdiction. KHATT holds no client money.
Contract structures
An approved contract toolkit — never free text.
Murabaha
Sale of identified goods or services at disclosed cost plus a fixed, agreed profit — with ownership or possession evidenced before sale.
Ijarah & forward Ijarah
Lease of approved usufruct or defined future travel services, such as hotel nights and transport.
Wakala
Agency appointments within defined limits, including procurement carried out by the travel agency.
Restricted Mudarabah
Profit-sharing pool structures in which losses are borne by the pool — outcomes are never guaranteed.
Wa’d
A binding promise to complete the transaction.
Excluded: Tawarruq
Tawarruq is excluded by design. Structure must never be used to conceal a conventional cash loan.
This is an illustrative toolkit. Final contract selection depends on asset facts and jurisdiction, and every template is subject to approval by the independent Sharia Supervisory Board upon appointment.
Responsible AI
AI supports decisions. Humans stay accountable.
Document AI, Travel Score, Risk Graph and cash-flow forecasting reduce cost and decision time — but material credit, compliance and Sharia decisions remain accountable to qualified humans, with logged overrides and independent validation.
The trusted data & decision layer
- Identity: KYB, UBO, sanctions, bank-account verification and consent.
- Document intelligence: OCR, extraction, validation and clause analysis.
- Travel asset registry: unique ID, lifecycle, evidence and events.
- Risk engine: policy, models, graph signals and human decisioning.
- Governance: Sharia rules, policy versioning, audit and model monitoring.
FAQ
Frequently asked questions
Is KHATT a cash lender?
No. KHATT is a non-bank, fee-only infrastructure: licensed partners finance verified travel goods and services and execute supplier payments; KHATT verifies, structures and monitors each transaction for a fixed, disclosed fee.
Is KHATT only for Hajj and Umrah?
No. Hajj and Umrah are the entry market. The platform is designed for the broader halal travel category, including family leisure, Ramadan and Eid travel, groups, MICE and medical travel.
Is Umrah seasonal?
Umrah is a recurring year-round flow with demand peaks. KHATT therefore proposes revolving programmes rather than only annual seasonal products.
What can be covered by a programme?
Hotel nights, room allotments, transport, DMC services, group airfare, catering and other verified supplier obligations — financed by licensed funding partners, subject to approval.
Does the agency receive cash?
The intended control model is direct supplier payment. Any exception requires specific legal, risk and Sharia approval.
How is pricing determined?
Pricing depends on transaction size, tenor, agency profile, supplier quality, customer deposits, concentration, funding cost and jurisdiction. It is always fixed and disclosed upfront.
What is Travel Score?
A travel-specific risk profile using repayment, sales, cancellation, supplier, cash-flow and network data.
Does KHATT provide takaful?
No. KHATT refers users to licensed takaful partners and does not underwrite, carry or distribute insurance risk itself.
Is the platform Sharia-certified?
Certification should only be claimed after the final structure and documents are approved by the appointed independent Sharia board. KHATT makes no certification claim today — structures are Sharia-by-design and subject to that independent approval.
Where will KHATT launch?
The recommended approach is one tightly controlled corridor, followed by GCC and selected diaspora and Asian markets.