Islamic finance fundamentals for builders
The principles that shape every Islamic finance product, explained for the people who build the systems, with the vocabulary to work with Shariah and compliance colleagues. For: product and engineering teams new to Islamic finance.
- TermRiba
- TermGharar
- TermMurabaha
- GlossaryShariah supervisory board
- LabList the accounts and their contract basis
Contracts as APIs: murabaha, ijarah, musharakah, tawarruq
How each contract's required order of steps becomes resources, states, events and error codes, so the system refuses what the contract does not allow. For: engineers and product owners.
- TerminalOwn, then sell
- TermIjarah muntahia bittamleek
- TermDiminishing musharakah
- LabPay, replay and fail safely
- TerminalSale before ownership
Shariah governance and approval workflows
How product requests, Shariah review, board resolutions, conditions, internal Shariah audit and purification fit together, and how to keep them as data the systems enforce. For: shariah officers, compliance and operations teams.
- TerminalFrom request to resolution
- GlossaryShariah supervisory board
- GlossaryPurification of income
- TerminalAn evidence pack
Sukuk and takaful for platform teams
The lifecycle of a sukuk and of a takaful certificate, the funds and parties involved, and the calendar and evidence each needs. For: capital-markets and insurance teams.
- TerminalSukuk lifecycle
- TermSukuk
- TerminalA takaful claim
- TermParticipants' risk fund
- LabCall the real calendar API
Open finance in Islamic markets: regulation, consent, sandboxes
Where open banking and open finance rules exist in Islamic finance markets, how consent works, and how regulatory sandboxes and innovation programmes are entered and exited. For: compliance teams and founders.
- TermOpen finance
- LabConsent, then accounts
- DirectorySandboxes and regulators
- TerminalPrivate networks
Agents under Shariah and policy bounds
How software agents can act on financial products only within identity, authority, policy, limits and the conditions of an approved Shariah resolution, and leave evidence for every action. For: risk and innovation teams (shared with AgenticOpenFinance).
- TerminalAuthority before action
- TerminalConditions as policy
- TerminalA treasury agent
- TerminalEvidence and review