First-class products
Each Islamic structure has its own lifecycle, accounting and documentation — not a conventional product with relabelled fields.
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Islamic banking · AAOIFI-conformant
Shariah-compliant by design. Not retrofitted.
Conventional and Islamic banking on the same real-time engine — two cores in one. Murabaha to Sukuk to Zakat, with Shariah governance and a Hijri calendar built into the platform spine.
AAOIFIStandard 35 · Zakat
Hijri calendarShariah board
Why native matters
Most cores bolt Islamic banking on. KORE models it natively.
A retrofitted Islamic layer fakes profit with renamed interest fields, fights the calendar, and leaves Shariah governance in spreadsheets. KORE models Islamic products as first-class citizens: profit-not-interest accounting, asset-backed structures, Hijri periods and Shariah approval workflows — all on the same auditable, real-time ledger that runs the conventional book.
Hijri in the spine
Hijri-year periods for Zakat and product anniversaries are computed by the platform — not approximated in reports.
Evidenced compliance
Every profit distribution, every Shariah decision, every Zakat assessment lands on the same tamper-evident audit chain.
The Islamic product pack
From financing to investment to obligation — the full pack.
Murabaha
Cost-plus financing with transparent disclosed margin — goods, vehicles, working capital.
Ijarah
Lease and lease-to-own structures with asset lifecycle, rentals and transfer of ownership.
Mudaraba
Profit-sharing investment pools — bank as manager, customers as capital providers, transparent distribution.
Musharaka & Diminishing Musharaka
Partnership and equity structures, including home finance with progressive ownership transfer.
Wakala
Agency investment with a defined agency fee and incentive structure — distinct from profit sharing.
Salam & Istisna
Deferred-delivery and manufacturing finance for commodities, construction and industry.
Sukuk
Issuance, subscription, coupon distribution and NAV — investment-grade servicing on platform. Wealth modules
Zakat
Per-customer Hijri-year assessment and statements, to AAOIFI Standard 35 — with purification handling.
Shariah-board governance
Product approvals, fatwa references and decisions as audited, first-class workflow objects.
Profit-sharing, done right
Transparent pools. Honest distributions.
Mudaraba and Musharaka pools track every participant's share, every period's earnings, and every distribution — profit and loss — with full per-participant transparency. No spreadsheets at quarter end; the platform computes, posts and evidences the distribution.
- Per-participant shares and distribution history, queryable any time.
- Profit and loss paths both modelled — with the correct Shariah treatment.
- Distributions post to the real-time ledger and the audit chain together.
Zakat & purification
Per-customer Zakat assessment across cash savings, Sukuk principal and investment capital, computed on Hijri-year windows to AAOIFI Standard 35 — with customer statements and a charity/purification ledger. Conformant with DZIT expectations out of the box. Regulator coverage
Shariah-board governance
Submit product structures for approval, attach fatwa references, record board decisions — each step an audited workflow on the platform. When the regulator or the board asks “who approved this, and when?”, the answer is one query away.
FAQ
Islamic banking on KORE, answered.
Is KORE AAOIFI-conformant?
Yes. The Islamic banking pack is built to AAOIFI standards — including Standard 35 for Zakat — with profit-based accounting, asset-backed product structures and Shariah governance workflows native to the platform.
Can conventional and Islamic banking run on the same core?
Yes — that's the point. KORE runs both books on one real-time engine, one ledger and one audit chain. An Islamic window, a dual bank or a fully fledged Islamic bank all run the same platform, configured differently.
Which Islamic products does KORE support?
Murabaha, Ijarah, Mudaraba, Musharaka and Diminishing Musharaka, Wakala, Salam and Istisna, Sukuk issuance and servicing, and Zakat assessment — modelled natively, with the Hijri calendar in the platform spine.
How does Shariah-board governance work on the platform?
Product and structure approvals, fatwa references and board decisions are first-class workflow objects with a complete, tamper-evident audit trail — governance enforced and evidenced by the platform itself.
See the Islamic pack live.
A walkthrough of Murabaha, profit-sharing pools, Sukuk and Zakat on a running platform — with the audit chain behind every flow.