Sovereign sukuk programmes
Issuance, asset registers and distributions for sovereign sukuk are run on one lifecycle.
Social
Government and public sector
Public finance in Islamic markets needs the same governance and evidence as any bank.
Governments and public bodies issue sovereign sukuk, manage Islamic treasuries and, in some markets, administer zakat and public waqf. Approvals, pronouncements and audit trails matter as much here as in the private sector. IslamicOpenFinance™ gives public bodies the same workflows and evidence model.
Financial products
What you build on IslamicOpenFinance™
Shariah governance workflow
Requests, reviews and pronouncements are recorded with reference numbers and conditions.
Treasury placements
Public funds are placed through Islamic instruments within policy limits.
Public zakat administration
Where a public body administers zakat, collection and disbursement follow the same recorded steps.
Supervisory sandbox
Regulators test new products with firms in a shared sandbox with a common evidence format.
Value chain
The actors in this chain
IslamicOpenFinance™ connects them with one contract model, one policy and one evidence trail.
Ministry of financeDebt management officeCentral bankShariah authorityAuditor generalInvestors
Typical flow
A typical flow, step by step
- Programme approval
- Shariah pronouncement
- Issuance
- Asset register
- Distributions
- Audit
- Redemption
Live demo
See it in the terminal
A product request, review and resolution with its reference number and conditions, unlocking launch (demo). Demo data
DemoAll 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.