---
title: "What is Trust framework (open finance)? | IslamicOpenFinance™"
description: "The shared directory, certificates and onboarding rules that let open finance participants identify and trust one another."
url: https://islamicopenfinance.com/glossary/trust-framework/
lang: en-GB
source: "IslamicOpenFinance"
---

[Glossary](https://islamicopenfinance.com/glossary/) / [Open finance and APIs](https://islamicopenfinance.com/glossary/#open-finance)

Open finance and APIs

# Trust framework (open finance)

The shared directory, certificates and onboarding rules that let open finance participants identify and trust one another.

A trust framework is the shared infrastructure that lets participants in an open finance system identify each other and communicate securely. In the Central Bank of the UAE's Open Finance Regulation, it includes a participant directory for validating participants and managing identity and access, digital certificates that its operator mints, revokes and validates, an API portal holding the standards and business rules, and a sandbox for testing. Islamic institutions join the same framework as conventional ones, so the Shariah-specific parts of a product live in the data and contracts, not in the trust layer.

## Sources

- [Central Bank of the UAE Rulebook, Open Finance Regulation: Schedule 1, Trust Framework](https://rulebook.centralbank.ae/en/rulebook/open-finance-regulation)

This entry explains a term; it is not a Shariah ruling. Approving a product is for each institution's own Shariah board and regulator.

## Related terms

[**Open finance** Customer-permissioned sharing of financial data, and initiation of services, by licensed third parties through secure interfaces.](https://islamicopenfinance.com/glossary/open-finance/) [**API hub** A central platform through which institutions and licensed providers connect for open finance, instead of many bilateral links.](https://islamicopenfinance.com/glossary/api-hub/) [**Open finance provider** A firm licensed to offer data sharing or service initiation to customers under an open finance regime.](https://islamicopenfinance.com/glossary/open-finance-provider/) [**Strong customer authentication** Verifying a customer with at least two independent factors, such as something they know, have or are.](https://islamicopenfinance.com/glossary/strong-customer-authentication/) [**Data holder** The licensed institution that holds a customer's data and must make it available to authorised providers with the customer's consent.](https://islamicopenfinance.com/glossary/data-holder/)

**Open finance and APIs**

1. [Open finance](https://islamicopenfinance.com/glossary/open-finance/)
2. [Application programming interface (API)](https://islamicopenfinance.com/glossary/api/)
3. [Consent (open finance)](https://islamicopenfinance.com/glossary/consent/)
4. [Data sharing (open finance)](https://islamicopenfinance.com/glossary/data-sharing/)
5. [Service initiation](https://islamicopenfinance.com/glossary/service-initiation/)
6. [Data holder](https://islamicopenfinance.com/glossary/data-holder/)
7. [Open finance provider](https://islamicopenfinance.com/glossary/open-finance-provider/)
8. [API hub](https://islamicopenfinance.com/glossary/api-hub/)

[All 221 terms](https://islamicopenfinance.com/glossary/)