Islamic Open Finance™ — Banking-grade Shariah-native infrastructure
Banking-grade infrastructurefor Shariah-native finance
One API platform for the entire Shariah financial stack — from Murabaha, Ijarah, Musharakah and Sukuk contracts, through Takaful and Zakat governance, down to SEPA Instant settlement under 10 secondsand a real-time double-entry ledger. Every rail ships with AAOIFI + IFSB Shariah standards and SOC 2 + GDPR + PSD2 + ISO 27001 + ISO 20022 compliance built in. No core replacement — layer over Temenos, Finastra or Mambu.
89
Shariah-native rails
<10s
SEPA Instant
37
SEPA jurisdictions
66
Contract schemas
150
API endpoints
SOC 2
+ AAOIFI + IFSB
Why Islamic Open Finance™fundamentally changes the game
Conventional banking infrastructure is structurally incompatible with Shariah finance. Retrofitting Murabaha, Ijarah, Sukuk and Takaful onto an interest-bearing core is not a migration — it is technical debt disguised as a product. Here is what that really costs you.
Conventional infrastructure was never built for Shariah
Interest-bearing ledgers, fractional-reserve deposits and riba-centric cashflows are baked into every core banking platform on the market. Forcing Murabaha, Ijarah, Musharakah, Mudarabah, Salam, Istisna, Wakalah, Qard Hasan, Takaful or Sukuk into those data models is not an integration problem — it is a structural impossibility that breaks every audit the moment you try.
Shariah governance cannot be a spreadsheet
Zakat calculation, profit purification, Shariah board approvals, waqf accounting and retakaful capacity allocation live in manual Excel files and email threads — disconnected from origination, disbursement and settlement. Every decision is unauditable, every fatwah reference is lost, and every regulator review exposes the gap.
Bolted-on compliance is tomorrow's fine
AAOIFI, IFSB, SOC 2, PSD2, GDPR, ISO 20022 and AML are treated as post-transaction reporting — not as enforceable policy rails that block non-compliant operations before they settle. You find out about violations from the regulator, not from the system, and remediation runs into the tens of millions.
Islamic Open Finance™ fixes this
Built from first principles for Islamic finance
Built on AAOIFI and IFSB standards
Shariah Standards SS-8 through SS-39, prudential standards, EU AI Act (2024/1689), and international compliance (SOC 2, GDPR, PSD2, ISO 27001, ISO 20022) built in from day one — not retrofitted.
Composable rail architecture
89 specialized rails across 19 categories — from embedded finance and Islamic microfinance to reconciliation, SWIFT-like messaging, and double-entry ledger. 150 routes ready to integrate.
Zero-disruption overlay
Enhances existing banking cores through API layering and Open Banking Protocol integration. No rip-and-replace — connect to Temenos, Finastra, Mambu, or any core.
What Islamic Open Finance™ Delivers
A rail-first API platform that transforms Islamic finance strategy into programmable, auditable, and governable execution rails.
Core Islamic Contracts
19 rails
Takaful
11 rails
Islamic Funds
7 rails
Financial
7 rails
Capital Markets
6 rails
Waqf & Social Finance
5 rails
Trade Finance
4 rails
Platform
4 rails
Operations
3 rails
Governance
3 rails
Access & Identity
2 rails
Observability
1 rail
89 rails, 19 categories, one API. Every Islamic finance capability, programmable.
From request to first Shariah-compliant settlementin four steps — not four quarters
IOF is an overlay platform: you keep your existing core banking system, your existing IAM, your existing settlement bank. We add the Shariah-native rails, contracts, governance, and compliance envelope on top.
Request sandbox access
We provision an isolated tenant in under a business day with all 89 rails, 150 endpoints, and your jurisdiction's compliance profile pre-applied.
POST /v1/auth/keys → ak_sandbox_***Connect your core
Use the @iof/banking-connector adapter for Temenos, Finastra, Mambu, or Open Banking Protocol. No rip-and-replace; IOF layers over your existing ledger and IAM.
iof.connectors.temenos.attach({ coreUrl, oauth })Build Shariah-native flows
Compose contracts (Murabaha, Ijarah, Musharakah, Sukuk), policies (zakat, purification, board approvals), and settlements (SEPA Inst, SWIFT, RTGS) from typed primitives.
iof.contracts.murabaha.create({ asset, parties, profitRate })Settle, report, audit
Real-time double-entry ledger, structured evidence packs for every transaction, and one-click exports for AAOIFI Shariah audits, SOC 2, GDPR Article 30, and PSD2 SCA logs.
iof.evidence.export({ contractId, regimes: ['AAOIFI','SOC 2'] })< 1 day
Sandbox tenant provisioned
< 1 week
First end-to-end contract in sandbox
4 – 8 weeks
Production go-live with audit trail
Built for the Islamic finance ecosystem
Serving every stakeholder in Islamic finance with specialized capabilities across 89 rails and 19 categories
Banks & Islamic Windows
Standardize Islamic contract execution, Shariah governance, and multi-jurisdiction reconciliation across all business lines.
Takaful & Retakaful Operators
Automate contribution management, risk pool operations, surplus distribution calculations, and retakaful workflows.
Asset Managers & Issuers
End-to-end management of Shariah-compliant funds and sukuk programs with automated purification and compliance reporting.
Central Banks & Regulators
Deploy Islamic RTGS systems, national payment rails, and regulatory sandboxes with embedded compliance monitoring.
Fintechs & Developers
Build compliant Islamic finance products using production-ready APIs, comprehensive SDKs, and developer documentation.
Investors & Fund Participants
Access Shariah-compliant investment opportunities with transparent compliance evidence and real-time purification reporting.
13 regulatory regimes,built into every API call — not bolted on
Every contract you create, every payment you settle, and every evidence pack you export carries the audit trail required for Shariah supervisory boards and banking regulators in the same envelope. One platform, one schema, twelve frameworks.
Evidence packs on demand. Every transaction emits a structured JSON evidence pack with the relevant control IDs from each regime — ready for your annual Shariah audit, SOC 2 examination, GDPR Article 30 record, or PSD2 SCA challenge log. No after-the-fact reconstruction.
We’re selecting design partnersfor our first live implementations
Published case studies will land once our first cohort goes live in production. If you’re an Islamic bank, takaful operator, asset manager, fintech or regulator ready to be in that cohort, an architecture review is the fastest path in.
Enterprise Pilot
National scale or multi-bank implementation with dedicated support and custom configuration.
- Dedicated implementation team
- Custom jurisdiction setup
- Priority support
Developer Sandbox
Full-featured development environment with sample data and comprehensive documentation.
- Complete API access (150 routes)
- Sample datasets across 19 categories
- Interactive docs & SDK
Architecture Workshop
Technical deep-dive for your specific Islamic finance requirements and integration plan.
- 1-on-1 consulting
- Custom integration roadmap
- Best practices review
Pioneer Islamic finance institutions
transforming operations and venturing into new markets
Architecture, compliance, and integration — answered by the team who built it
Nine technical questions covering Shariah enforcement at the API, the 13 regulatory regimes, overlay integration, SEPA Instant, AI agents over MCP, native engines, sandbox-to-prod, jurisdictions, and data residency.