Islamic banking
Scale global Islamic banking at cloud-native velocity with Engine
Engine is bringing seamless Islamic banking capabilities to banks across the world. Our cloud-native core platform delivers native support for Shariah-compliant contracts, from interest-free deposits to asset-backed lending.
Engine’s technology will empower Islamic banks to modernise rapidly, overcome legacy restrictions and lead innovation in the market. From interest-free deposits to asset-backed financing, Engine enables the rapid deployment of products that seamlessly align modern banking with Shariah principles.
Ethical banking meets next-gen technology
Islamic banking is one of the fastest-growing sectors in global banking, driven by a rising demand for ethical, transparent, and asset-backed financial solutions.
By embedding native Islamic banking capabilities into a modern, cloud-native core, institutions can seamlessly bridge the gap between traditional values and cutting-edge digital execution, unlocking true global scale.
Shariah-compliant products designed for retail and business banking
Our suite of personal and business products is purpose-built for rapid deployment, blending strict Shariah compliance with seamless digital execution.
Transaction products
Power everyday spending, payments and instant liquidity through transparent, Shariah-compliant Qard and Wadiah contracts.
Deposit products
Grow your wealth ethically with compliant Wakalah, Mudarabah, and Tawarruq investment products offering transparent profit sharing and competitive expected profit rates.
Financing products
Enable ethical homeownership and personal financing through transparent, Shariah-compliant products backed by Tawarruq, Ijarah, Musharakah, and Murabaha contracts.
Engine's key Shariah-compliant capabilities:
Launch compliant products faster, streamline your operations, and scale with confidence.
Engine is uniquely positioned to support Shariah-compliant banking capabilities
Our native configurability, single record system and API flexibility serves as a reliable, extensible and scalable foundation for Shariah-compliant banking.
Configurable journeys and workflows
Configure customer journeys and operational workflows that allow Engine’s platform to handle the strict sequencing required by Islamic contracts.
API-based architecture
Easily plug into third-party Islamic finance tools and automated Shariah auditing platforms, for a seamless and compliant banking ecosystem.
Multi-ledger capabilities
Provision Engine’s multi ledger capabilities to provide a distinct, immutable ledger system that creates clear segregation for absolute audit transparency.
Single-pane of glass employee interface
Access real-time MI and transaction tracking through a 360-degree customer view to simplify tracking and Shariah audits.
Easy and efficient product configuration and launch
Configure and launch products, adjust eligibility, and manage policies and rules flexibly to accommodate Shariah compliant products.
Capitalise on Islamic banking's digital shift with Engine
The Shariah banking sector represents a multi-trillion-dollar market expanding rapidly across global finance, driven by demographic growth, digital adoption, and rising demand for ethical investments.
The digital imperative
Transition from legacy architecture to agile, cloud-native SaaS solutions engineered to accelerate participation in the emerging cashless economy.
Core tech upgrades
Safeguard your market position against digital-native disruptors by deploying enterprise-grade banking platforms designed for speed and scale.
Regulatory landscape
Ensure seamless adherence to stringent GCC data residency mandates with compliant, locally deployed cloud architecture.
Demographic dividend
Capitalise on expanding youth and middle-class segments by delivering modern, digital-first Islamic banking capabilities aligned with evolving customer expectations.
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