Is the OwnerSheep Programme Syariah Compliant?

By SG Aqiqah · 14 September 2026

One of the most common questions from Muslims considering the OwnerSheep Programme is whether it is truly Syariah compliant. The short answer is yes — and the reason lies in two well-established Islamic legal concepts: Milkiyyah (ownership) and Wakalah (agency).

What is Milkiyyah?

Milkiyyah refers to the Islamic concept of physical ownership. Under Syariah, owning a tangible asset — whether land, livestock, or goods — is one of the most legitimate and encouraged forms of holding wealth. The OwnerSheep Programme is structured as a direct ownership arrangement: when you enter the programme, you are the legal owner of real, physical sheep. The animals are registered under your name. This is not a financial instrument, a fund unit, or a paper asset. It is Milkiyyah in its clearest form.

What is Wakalah?

Wakalah is the Islamic concept of agency, where you appoint a trusted party to act on your behalf. In everyday Islamic finance, Wakalah is used in Takaful (Islamic insurance), Islamic banking, and managed services. In the OwnerSheep Programme, you appoint Aliyah Rizq Holdings as your Wakeel (agent) to manage your flock on your behalf — feeding, veterinary care, breeding, and eventual sale through their halal supply chain. You remain the owner; Aliyah Rizq manages as your authorised agent. This structure is well-recognised in Islamic jurisprudence.

Is OwnerSheep a Collective Investment Scheme?

No. A collective investment scheme (CIS) under Singapore law pools funds from multiple participants into a jointly owned portfolio managed for returns. The OwnerSheep Programme does not pool ownership — each participant owns their specific registered sheep. You are not buying into a fund; you are purchasing physical livestock that happens to be cared for by a professional management team under a Wakalah arrangement. The Monetary Authority of Singapore (MAS) does not regulate the OwnerSheep Programme as it is not a capital markets product.

The 36-Month Cycle Explained

The programme operates on a 36-month livestock management cycle. During this period, your sheep breed naturally, and their offspring are part of your growing flock. At the end of the cycle, your flock is sold through Aliyah Rizq's halal livestock supply chain across Southeast Asia. You receive your proportional share of the sale proceeds after applicable Wakalah management fees. This is agricultural livestock proceeds — the natural outcome of livestock ownership.

Can I Use My Sheep for Qurban or Aqiqah?

Yes. One of the spiritually meaningful aspects of the OwnerSheep Programme is that you can designate your owned sheep for Qurban during Eid al-Adha, or for Aqiqah when a child is born. Because you own the animal outright (Milkiyyah), the act of sacrifice carries full Islamic validity. Contact SG Aqiqah via WhatsApp to coordinate the arrangement ahead of the relevant season.

Our Recommendation

We encourage all participants to satisfy themselves by consulting their own religious authority (e.g., a qualified Ustaz or the Islamic Religious Council of Singapore, MUIS) if they have specific questions about the Syariah structuring. SG Aqiqah and Aliyah Rizq are happy to provide programme documentation for review upon request.