A buyer’s guide to Islamic banking software for GCC banks: what Murabaha, Ijara and Musharakah need from the core, AAOIFI rules, and six vendor questions.
Central Asia has a population of 82 million people, 85% of whom identify as Muslim. Yet as of early 2024, The CIS Islamic banking and finance industry held just $699 million...
Imagine sitting across from a long-time, loyal business client. They need financing “Islamic banking” to expand their halal food production line, but they hesitate. “The interest,” they say with...
The financial sector in the GCC is moving fast. Sometimes too fast to keep up with if you’re running a bank, a fintech, or even a large enterprise.
But if you zoom...
Islamic banking is growing fast across MENA, the GCC, Africa, and Southeast Asia (1). But modern customers expect more than Sharia-compliant products. They want speed, digital journeys, and 24/7...
What Murabaha is, how the cost-plus sale works step by step, how it differs from a loan and Mudarabah, and what a core banking platform must do to run...