Cloud-Native Islamic Core Banking
Native Sharia-compliant banking infrastructure — not an add-on. Murabaha, Musharaka, Ijarah, Sukuk, and more, built into the core from day one. Part of the Kora CBA platform.
8 Supported Islamic Contracts
Comprehensive Sharia-compliant product structures, each with dedicated ledger treatment and regulatory reporting.
Murabaha
مرابحةCost-plus financing — bank purchases asset and resells at agreed markup. Most common Islamic financing structure.
Musharaka
مشاركةJoint venture partnership — bank and customer share ownership, profits, and losses proportionally.
Ijarah
إجارةIslamic leasing — bank purchases and leases asset to customer with option to transfer ownership.
Wakala
وكالةAgency arrangement — bank acts as agent to invest funds on customer’s behalf for agreed fee.
Tawarruq
تورقMonetization — structured commodity purchase enabling Sharia-compliant liquidity without interest.
Sukuk
صكوكIslamic bonds — asset-backed securities representing proportional ownership in underlying assets.
Qard Hasan
قرض حسنBenevolent loan — interest-free lending for social welfare and financial inclusion.
Sharia-Compliant Deposits
ودائع متوافقة مع الشريعةSavings and term deposits structured under Mudarabah or Wadiah principles.
Run Conventional and Islamic Banking on One Platform
Kora CBA supports dual-window operations — a single bank can offer both conventional and Sharia-compliant products from the same infrastructure. Critical for:
- Conventional banks opening Islamic windows (common in Malaysia, Pakistan, Kenya, Nigeria)
- Islamic banks that need to interoperate with conventional payment rails
- Multi-country banks operating across secular and Islamic-majority markets
Islamic Finance Mechanisms
Purpose-built GL treatment, profit-sharing pools, and Sharia governance — not conventional banking with Islamic labels.
Murabaha Financing
Cost-plus markup with deferred profit recognition. Bank purchases asset at cost, resells at agreed markup — no interest charged.
Profit Pools
Mudarabah investment pools with PER/IRR reserves, weightage-based allocation, and configurable investor/bank sharing ratios.
Sharia Governance
Board certification lifecycle, income purification with quarantine accounts, charity disbursement, and immutable audit trail.
Built for Sharia Board Approval
- Profit-and-loss sharing ledger — separate from interest-based accounting
- No commingling of conventional and Islamic funds
- Full audit trail for Sharia board review
- Configurable profit distribution ratios per contract type
- Support for Sharia Advisory Board reporting requirements
- Compliant with AAOIFI standards and local regulatory frameworks (CBUAE, SAMA, SBP, BNM)
Serving Islamic Banking Markets Worldwide
UAE
CBUAE
Largest Islamic banking market globally
Saudi Arabia
SAMA
All banks must offer Sharia-compliant products
Pakistan
SBP
Fastest-growing Islamic banking market; 20%+ market share
Malaysia
BNM
Dual-window pioneer; Islamic banking = 40%+ of total assets
Bangladesh
Bangladesh Bank
Growing Islamic banking sector
Egypt
CBE
Emerging Islamic finance market
Nigeria
CBN
Non-interest banking framework; Jaiz, TAJBank, Lotus Bank
Kenya
CBK
Gulf African Bank, First Community Bank; growing demand
How We Compare
Ready to Launch Islamic Banking?
See Kora CBA Islamic Banking in action. 30-minute walkthrough with our MENA/South Asia team.