1. Fix the terms
Set the capital (ra's al-mal), the profit-sharing ratio, and the term. Keep the ratio attached to realized profit, never to the capital. Decide which terms are Shariah-fixed and therefore not negotiable.
2. Define the parties
Identify the rabb-ul-mal(s) and the mudarib clearly, with legal identities. Ambiguity about roles and rights is exactly the kind of uncertainty (gharar) sound structuring avoids.
3. Confirm eligibility
If you're raising under Reg D 506(c), every investor must be accredited, and you must take reasonable steps to verify it — not just collect a checkbox. Build verification in before accepting capital.
4. Keep an honest record
Itemize the cap table, sign against a fixed agreement, and log every term change, acceptance, and distribution. An audit trail protects every party and keeps the deal defensible.
5. Get your own review
Software can enforce structure, but it does not issue fatwa or give legal advice. Engage your own Shariah and legal advisers for the specific deal. This guide is educational information, not advice.