Islamic
Open Finance™
The banking-grade API infrastructure that transforms Islamic finance operations—enabling compliant multi-bank, multi-rail execution without core system replacement.
Real-time transaction flow
Why Islamic Open Finance™fundamentally changes the game
Conventional tools weren't built for Islamic finance. They miss the core principles that make it work.
No native Islamic contract modeling
Conventional APIs cannot model Murabaha, Ijarah, Musharakah, Mudarabah, Salam, Istisna, Wakalah, Qard Hasan, Takaful, or Sukuk contracts.
No embedded Shariah governance
Lacks zakat calculation, purification, waqf management, retakaful structures, and Shariah board decision workflows.
Compliance as reporting, not rails
Traditional frameworks treat compliance as post-transaction reporting, not embedded, enforceable policy rails.
Islamic Open Finance™ fixes this
Built from first principles for Islamic finance
Built on Islamic standards
AAOIFI, IFSB, and international standards—not retrofitted
Composable rail architecture
Every domain as interconnected, enforceable API rails
Zero-disruption overlay
Enhances existing systems through API layering
What Islamic Open Finance™ delivers
A rail-first API platform that transforms Islamic finance strategy into programmable, auditable, and governable execution rails.
Comprehensive API coverage
Every Islamic finance capability exposed through versioned, documented APIs with SDKs for all major platforms.
Product catalog as SKUs
Islamic finance products modeled as configurable SKUs across retail banking, corporate finance, treasury, takaful, funds, and sukuk.
Domain-specific rail architecture
Eight interconnected rails—each with independent APIs, events, governance, and compliance controls for maximum composability.
Eight Core Railspowering Islamic finance
Interconnected API rails that collectively enable end-to-end Islamic finance operations
Contract Rail
Islamic contracts as executable codeCanonical schemas and state machines for the complete universe of Islamic finance contracts with immutable audit trails and compliance evidence.
Banking & Finance
Complete contract coverage:
Capital Markets
Complete contract coverage:
Takaful & Retakaful
Complete contract coverage:
Funds & Waqf
Complete contract coverage:
Shariah Governance & Zakat Rails
Automated Shariah compliance engines, zakat calculation modules, and complete Shariah board governance workflows with decision tracking.
Shariah Engine & Governance
Configurable rulesets per contract type and jurisdiction profile with structured compliance results
Zakat, Screening & Purification
Shariah screening, zakat calculation profiles, and purification calculations for funds
Committee-level Governance
Model Shariah boards, members, mandates, meetings, and decisions linked to evidence
Compliance, KYC & Consent Rails
Unified customer profiles with KYC/AML integration, granular consent management, and enforceable compliance policy registry.
KYC & Screening Rail
Central party profiles with sanctions, PEPs, and AML/KYC integration
Access & Consent Rail
Customer-centric consent management for open banking and finance scenarios
Compliance Rail
Registry of compliance policies with standardized checks and manual overrides
Risk, Treasury, Clearing & National Rail
Islamic-compliant risk management, treasury operations, interbank clearing, and national payment scheme integration.
Clearing & Settlement Rail
Obligations, netting, margining, default waterfalls, configurable cycles and settlement rules
Treasury & Liquidity Rail
Positions, ladders, liquidity buckets, coverage metrics, FX and money market integration
Risk & Limits Rail
Exposures by counterparty, limits, concentration controls, stress-testing hooks
Message & Payment Rail
Shariah-aware schemas compatible with ISO 20022, customer transfers, trade settlement
Reconciliation & Evidence Rail
Continuous multi-rail reconciliation providing immutable evidence that Islamic contracts execute as intended across all systems.
Contract-to-cashflow matching
Match actual debits/credits, positions and settlements to contract schedules
Multi-rail reconciliation
Reconcile across Contract, Clearing, Treasury and Portfolio rails
Exceptions as first-class cases
Automatically raise reconciliation exceptions into Case & Dispute Rail
Evidence on demand
Provide clear evidence that flows follow Islamic structures
Legal, Underwriting, Cases & Reporting
Integrated legal documentation management, underwriting workflows, unified case management, and automated regulatory reporting.
Legal & Documentation Rail
Legal templates, clause packs, effective dates, approvals, and legal opinions
Underwriting Rail
Proposals and decisions for credit, takaful, funds and structured deals
Case & Dispute Rail
Unified case management for AML, Shariah, reconciliation, clearing disputes
Reporting & Regulator Rail
Pre-built reports for Shariah boards, regulators, management, investors
Event & Notification Rails
Canonical event streaming architecture with multi-channel notifications for real-time visibility across all Islamic finance operations.
Event Rail
Canonical event stream across all rails
contract.createdshariah.check.completedcase.raisedclearing.cycle.closedNotification Rail
Multi-channel notifications
- Shariah board notices
- Customer communications
- Internal alerts and notifications
- Full audit trail
Search & Discovery Rail
Enterprise-grade search across contracts, parties, cases, and compliance evidence with AI-powered filtering and contextual insights.
Enhances existing infrastructure
Islamic Open Finance™ overlays your current systems—adding Islamic finance capabilities without disruption to existing operations.
Integration Architecture
Connects to existing cores
Treats them as execution and ledger layers
Handles Islamic logic
Contracts, Shariah, KYC, compliance, governance
Provides evidence
Reconciliation, reporting and audit trails
Deployment Models
Managed Multi-tenant
Shared environment with strict separation per institution
Dedicated Per-institution
Isolated environment for a single bank, takaful operator or asset manager
BYOC / On-premise
Deploy into your own infrastructure under your own controls
Built for the Islamic finance ecosystem
Serving every stakeholder in Islamic finance with specialized capabilities
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.
API Explorer
Interactive documentation for the complete Islamic Open Finance™ API suite
Contract Rail
LiveManage Islamic finance contracts with full lifecycle support
Create Murabaha Contract
/api/v1/contracts{
"type": "MURABAHA",
"jurisdictionCode": "SA",
"currency": "SAR",
"principalAmount": 100000,
"sellerOrgId": "org_123",
"buyerOrgId": "org_456",
"contractData": {
"assetDescription": "Vehicle",
"profitRate": 0.05
}
}JavaScript/TypeScript
npm install @iof/sdkPython
pip install iof-sdkJava
Available via MavenGo
go get github.com/islamic-open-finance/sdk-goDeveloper experience & sandboxes
Developer-first by design with comprehensive tools and environments.
Comprehensive Documentation
Interactive API explorer for every rail with clear examples and schemas.
First-party SDKs
SDKs for common languages and ecosystems with type safety and helpers.
Sandbox Environments
Shared and dedicated sandboxes with pre-configured rails and synthetic data.
// Initialize the SDK
const IslamicOpenFinance = require('@iof/sdk');
const client = new IslamicOpenFinance({
baseURL: 'https://sandbox.islamicopenfinance.com/api/v1',
apiKey: 'your-api-key-here'
});
// Create a Murabaha contract
const murabaha = await client.contracts.create({
type: 'MURABAHA',
jurisdictionCode: 'SA',
currency: 'SAR',
principalAmount: 100000,
sellerOrgId: 'org_123',
buyerOrgId: 'org_456',
contractData: {
assetDescription: 'Vehicle',
profitRate: 0.05
}
});
// Check Shariah compliance
const compliance = await client.shariah.check({
targetType: 'CONTRACT',
targetRef: murabaha.data.contractId,
jurisdictionCode: 'SA'
});
console.log('Shariah Compliant:', compliance.data.approved);Fundamentally different by design
Architecture advantages that transform Islamic finance operations
Shariah-native architecture
Built from first principles on Islamic finance standards—not retrofitted conventional systems.
Composable rail infrastructure
Domain-specific rails with independent governance, not monolithic API wrappers.
Continuous compliance evidence
Immutable proof that every transaction follows prescribed Islamic structures.
Auditable governance workflows
Explicitly modeled committees, policies, and decisions with full audit trails.
Multi-jurisdiction compliance
Aligns with AAOIFI standards while accommodating local regulatory requirements.
Transform Your IslamicFinance Operations Today
Begin your implementation journey with expert guidance and proven methodology
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
- Sample datasets
- Interactive docs
Architecture Workshop
Technical deep-dive for your specific Islamic finance requirements
- 1-on-1 consulting
- Custom roadmap
- Best practices
Pioneer Islamic finance institutions
transforming operations and venturing into new markets
Build the Future of Islamic FinanceTogether
Join our ecosystem of technology partners, financial institutions, and innovators shaping the next generation of Islamic finance solutions
Technology Partners
Integrate Islamic Open Finance™ into your platform and tap into the multi-trillion dollar Islamic finance market
- API integration support & co-marketing
- Joint go-to-market programs
- Technical certification & training
Financial Institutions
Transform your Islamic finance operations with our banking-grade infrastructure and compliance-first approach
- Dedicated implementation team
- Regulatory compliance support
- Custom jurisdiction setup
Innovation Partners
Co-create groundbreaking Islamic finance solutions with access to our sandbox and expertise
- Free sandbox access & resources
- Mentorship from industry experts
- Funding & partnership opportunities
Why Partner With Us?
Unlock exclusive benefits and growth opportunities
Islamic Finance Market Size
Potential Customers
Countries Served
Technical Support
Code the Futureof Islamic Finance
Join developers, designers, and finance experts worldwide to build innovative Shariah-compliant financial solutions
Shariah Compliance
Build tools and solutions that ensure Islamic finance compliance and automate Shariah governance
Digital Banking
Create innovative digital banking solutions for Islamic finance customers and institutions
Investment & Trading
Develop platforms for Islamic investment, Sukuk trading, and portfolio management
Prize Categories
Grand Prize
Best overall solution
Innovation Award
Most creative solution
Impact Award
Most impactful for society
People's Choice
Community favorite
Hackathon Timeline
Registration Opens
January 15, 2026
Hackathon Weekend
March 15-17, 2026
Judging & Awards
March 24, 2026
Ready to Build the Future?
Register now and join thousands of innovators transforming Islamic finance