---
title: "Islamic funds and asset management | IslamicOpenFinance™"
description: "Screening, purification and distributions have to be provable to investors and boards. Shariah screening, Purification of income, Subscriptions and redemptions and more for Islamic funds and asset management on IslamicOpenFinance™."
url: https://islamicopenfinance.com/sectors/asset-management/
lang: en-GB
source: "IslamicOpenFinance"
---

> Screening, purification and distributions have to be provable to investors and boards. Shariah screening, Purification of income, Subscriptions and redemptions and more for Islamic funds and asset management on IslamicOpenFinance™.

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Markets

# Islamic funds and asset management

Screening, purification and distributions have to be provable to investors and boards.

Islamic funds screen investments against Shariah criteria, purify income from non-compliant sources and distribute returns under their mandate. Each step needs a record that the fund's Shariah adviser and investors can check. IslamicOpenFinance™ keeps the screening results, purification amounts and distributions with their evidence.

[Request a demo for this sector](https://islamicopenfinance.com/#start) See the live demo

Financial products

## What you build on IslamicOpenFinance™

1

### Shariah screening

Holdings are screened against the fund's approved methodology, with results and dates recorded.

2

### Purification of income

Income identified as non-compliant is calculated and transferred to charity, with the transfer evidenced.

3

### Subscriptions and redemptions

Investor orders are processed on dealing days with the fund's calendar.

4

### Distributions

Distributions are calculated and paid to unitholders, with statements generated.

5

### Evidence pack

Screening, purification and distributions are exported for the Shariah adviser and auditors.

Value chain

## The actors in this chain

IslamicOpenFinance™ connects them with one contract model, one policy and one evidence trail.

Fund manager Shariah adviser Trustee or custodian Investors Distributors Auditor

[Standard setters and regulators in the directory](https://islamicopenfinance.com/directory/?sector=asset-management)

Typical flow

## A typical flow, step by step

1. **Mandate**
2. **Screening**
3. **Investment**
4. **Valuation**
5. **Purification**
6. **Distribution**
7. **Reporting**

Live demo

## See it in the terminal

An evidence pack for a fund period (demo): screening results, purification transfer and distribution, exported as JSON. Demo data

**Demo** All institutions, people, amounts and events are fictional demonstration data. Nothing here is a Shariah ruling, an offer or advice; approving a product is for each institution's own Shariah board and regulator.

Glossary

## Key terms for this sector

[Sukuk](https://islamicopenfinance.com/glossary/sukuk) [AAOIFI Financial Accounting Standards (FAS)](https://islamicopenfinance.com/glossary/aaoifi-fas)

Other sectors

## Related sectors

[Markets Takaful and retakaful Participants share risk through a fund the operator manages but does not own. - Contribution split - Claims from the risk fund - Surplus handling See the sector](https://islamicopenfinance.com/sectors/takaful/) [Markets Sovereign and corporate sukuk issuers Every issuance repeats the same steps; each one is still run by email and spreadsheets. - Issuance workflow - Subscription book - Asset register See the sector](https://islamicopenfinance.com/sectors/sukuk-issuers/) [Social Islamic microfinance Small amounts, many customers and the need for low-cost, fair contracts. - Micro-murabaha - Qard hasan - Group products See the sector](https://islamicopenfinance.com/sectors/microfinance/)

## Build Islamic funds and asset management on IslamicOpenFinance™.

[Request a demo for this sector](https://islamicopenfinance.com/#start) [All sectors](https://islamicopenfinance.com/sectors/)