Wafir — Group Savings

Group savings, structured

Only for iPhone

Free · Designed for iPhone. Not verified for macOS.

iPhone

Wafir brings the jam'iya — the group savings circle Qatari households have run for generations — into one clear digital journey. You join a circle. You contribute a fixed amount each month. On your agreed turn, you receive the circle payout. When the last member has received, the circle is complete. HOW A CIRCLE WORKS Six members. QAR 1,500 each month. A circle valued at QAR 9,000. Each month, five members contribute QAR 1,500, creating a payout of QAR 7,500. When your turn arrives you receive QAR 7,500 and do not make your contribution that month. Across the full cycle you contribute QAR 7,500 and you receive QAR 7,500. No interest is charged at any stage. Wafir charges a clearly disclosed subscription fee for facilitating and administering the circle, shown before you confirm. BEFORE YOU JOIN • Live eKYC verifies your identity • Your income is reviewed and an approved monthly limit is set for you • You browse the Circle List and compare available circles • You choose a payout date that fits your goal and your approved tier • You sign the Circle Participation Agreement, so the terms and obligations are clear before the circle begins WHERE YOUR CONTRIBUTIONS ARE HELD Monthly contributions are held in a segregated escrow account with a licensed Qatari bank, separate from Wafir's operational funds and used only for circle payouts under the agreed legal, contractual and banking structure. EVERY MONTH A reminder before your contribution is due. You pay in the app and the transaction is recorded. Your circle status and payout schedule stay visible. If a payment is late, Wafir follows up through the system — members do not chase one another. IF A PAYMENT IS LATE We do not promise that delays can never happen. We show you what happens if they do. At least three reminders are sent and a settlement deadline applies. Continued non-payment can lead to formal recovery steps under your signed agreement and applicable law. The same documented process applies to every member. IF A MEMBER GENUINELY CANNOT CONTINUE A documented force-majeure event — death, loss of employment, severe illness — is reviewed separately. If accepted, the circle may be restructured and the unpaid amount allocated pro rata across the remaining members. Every adjustment is communicated before the circle continues. YOUR RECORD On-time contributions are reflected in your Qatar Credit Bureau record. Late payments may have the opposite effect. If you believe an entry is incorrect, you can raise a dispute in the app. WHO IT'S FOR Young professionals across Qatar, Qataris and residents — saving for a home, education, a wedding, travel, professional development, or a planned family expense. Wafir operates within the Qatar Central Bank FinTech Regulatory Sandbox Wafir does not provide loans or credit facilities. It facilitates and administers group savings circles between members and charges a disclosed fee for that service.

Ratings & Reviews

  • This app’s overall rating was recently reset.

Wafir did not begin with a launch post. For around 18 months we have been operating, testing and learning inside the Qatar Central Bank FinTech Regulatory Sandbox — real applications, real assessments, real circles managed through the platform. More than 3,000 downloads later, this release opens the next chapter. • Clearer circle details before you join — contribution, total value, duration, payout dates and subscription fee on one screen • Improved Circle List so you can compare available circles side by side • Faster eKYC and account decisions • Payment reminders and payout tracking refinements • Stability and performance improvements

Version 3.3.19

The developer, Materials Nation Inc, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy .

  • Data Not Collected

    The developer does not collect any data from this app.

    Privacy practices may vary, for example, based on the features you use or your age. Learn More

    Accessibility

    The developer has not yet indicated which accessibility features this app supports. Learn More

    Information

    Seller
    Materials Nation Inc
    Size
    69.7 MB
    Category
    Finance
    Compatibility
    Requires iOS 15.0 or later.
    • iPhone
      Requires iOS 15.0 or later.
    • iPod touch
      Requires iOS 15.0 or later.
    • Mac
      Requires macOS 12.0 or later and a Mac with Apple M1 chip or later.
    • Apple Vision
      Requires visionOS 1.0 or later.
    Languages
    English
    Age Rating
    4+
    Copyright
    © Wafir
  • Privacy Policy

    • More by Materials Nation Inc

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