---
title: "E-commerce and marketplaces | IslamicOpenFinance™"
description: "Shoppers want to pay over time at checkout; the financier has to buy before it sells. Murabaha at checkout, Profit-rate routing, Takaful at sale and more for E-commerce and marketplaces on IslamicOpenFinance™."
url: https://islamicopenfinance.com/sectors/ecommerce/
lang: en-GB
source: "IslamicOpenFinance"
---

> Shoppers want to pay over time at checkout; the financier has to buy before it sells. Murabaha at checkout, Profit-rate routing, Takaful at sale and more for E-commerce and marketplaces on IslamicOpenFinance™.

1. [Home](https://islamicopenfinance.com/)
2. [Sectors](https://islamicopenfinance.com/sectors/)
3. E-commerce and marketplaces

Business

# E-commerce and marketplaces

Shoppers want to pay over time at checkout; the financier has to buy before it sells.

Marketplaces and online retailers want instalment options at checkout that follow an approved Islamic contract and fast. A murabaha at checkout needs the financier to buy the goods and sell them to the shopper within seconds, with the price disclosed. IslamicOpenFinance™ runs that sequence through one API and routes requests across financiers.

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

Financial products

## What you build on IslamicOpenFinance™

1

### Murabaha at checkout

The financier buys the basket from the merchant, records ownership and sells it to the shopper at a disclosed price.

2

### Profit-rate routing

The same request is quoted by several financiers and routed by disclosed expected profit rate, fees and approval status.

3

### Takaful at sale

Product protection is offered as takaful at checkout.

4

### Merchant settlement

The merchant is paid by the financier on the agreed date, reconciled against the order.

5

### Consent for affordability

Shoppers share account data for an affordability check with a stated purpose and expiry.

Value chain

## The actors in this chain

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

Shopper Merchant Marketplace Financiers Payment provider Takaful operator

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

Typical flow

## A typical flow, step by step

1. **Basket**
2. **Consent and affordability**
3. **Quotes from financiers**
4. **Financier buys**
5. **Murabaha sale**
6. **Merchant settled**
7. **Instalments**

Live demo

## See it in the terminal

A checkout request quoted by three financiers (demo); the one without a recorded Shariah resolution is excluded. 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

[Murabaha](https://islamicopenfinance.com/glossary/murabaha) [Open finance](https://islamicopenfinance.com/glossary/open-finance) [Takaful](https://islamicopenfinance.com/glossary/takaful) [Riba](https://islamicopenfinance.com/glossary/riba)

Other sectors

## Related sectors

[Business SME and trade finance Small firms need working capital fast; sale-based finance needs the bank to own the goods first. - Stock murabaha - Salam for production - Istisna for manufacturing See the sector](https://islamicopenfinance.com/sectors/sme-trade/) [Business Corporate treasury Surplus cash needs an Islamic home; shortfalls need liquidity without interest. - Commodity murabaha placements - Wakalah investment - Liquidity sukuk holdings See the sector](https://islamicopenfinance.com/sectors/corporate-treasury/) [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/)

## Build E-commerce and marketplaces on IslamicOpenFinance™.

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