Islamic banking
Scale global Islamic banking at cloud-native velocity with Engine
Engine is bringing seamless Islamic banking capabilities to banks across the world. In collaboration with a leading Shariah advisory firm, we've secured a conditional Fatwa; this is a landmark step as we build a truly Shariah-compliant platform for the future of Islamic banking.
Engine’s cloud-native technology will empower Islamic banks to modernise rapidly, overcome legacy restrictions and lead innovation in the market with contract-based Shariah compliant products that align with Islamic principles, from profit-bearing deposits to asset-backed financing.
Ethical banking meets next-gen technology
Islamic banking is one of the fastest-growing sectors in global banking, driven by 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 fixed expected profit rates.
Financing products
Enable personal and business financing through transparent, Shariah-compliant products backed by Murabaha, Ijarah and Musharakah contracts.
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.
Flexible API-based architecture
Integrate with third-party Islamic finance tools and Shariah-compliant screening platforms, supporting a connected and compliant banking ecosystem.
Segmented ledger capabilities
Configure Engine’s multi-ledger capabilities for distinct fund routing that creates clear segregation for absolute audit transparency.
Single-pane of glass employee interface
Access real-time MI and immutable audit trail 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 Islamic banking sector is one of the fastest-growing segments in global finance, driven by demographic growth, digital adoption, and rising demand for ethical investment.
The digital imperative
Transition from legacy architecture to agile, cloud-native SaaS solutions built to accelerate participation in the fast-evolving digital economy.
Core tech upgrades
Protect your market position against digital-native disruptors by deploying enterprise-grade banking platforms designed for speed and scale.
Regulatory landscape
Support compliant, locally deployed cloud architecture aligned to regional data residency requirements.
Demographic dividend
Capitalise on expanding youth and middle-class segments by delivering modern, digital-first Islamic banking capabilities aligned with evolving customer expectations.
Get in touchContact us
Whether you’re launching a new digital bank or migrating from a legacy platform, we can discuss how Engine can help.
Share details about your requirements and we will be in touch.
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