The only open-source, Shariah-native, cloud-native financial infrastructure platform — compared against 25+ Islamic banking software providers.
No vendor lock-in. Full source code access. Fork, extend, and self-host. The only open-source Islamic banking platform.
Built from the ground up for Islamic finance. Not a conventional banking system with a Shariah overlay. Every contract, rail, and compliance check is Shariah-native.
29+ specialized rails, TigerBeetle real-time ledger (1M+ TPS), ClickHouse analytics, Kubernetes-native. Deploy anywhere.
TigerBeetle provides 1M+ transactions per second with ACID guarantees. No batch processing, no end-of-day reconciliation delays.
Native Open Banking Protocol integration. PSD2, GDPR, ISO 20022 compliant. Multi-jurisdiction support across 10+ regulatory frameworks.
Contracts, KYC, AML, Zakat, Compliance, Treasury, Clearing, Risk, Governance, Billing, Webhooks, and more — each a self-contained module.
Based on Shariah-native capabilities, technology modernity, cloud readiness, and open banking support
Click any row to expand details. Filter by category.
| Provider | Tier | Shariah Native | Open Source | Cloud Native | API-First | Multi-Tenant | PSD2 | Real-Time Ledger | Open Banking | |
|---|---|---|---|---|---|---|---|---|---|---|
Islamic Open Finance™ IOF Platform | S | |||||||||
Overview The only open-source, Shariah-native, cloud-native financial infrastructure platform. 29+ specialized rails, multi-tenant SaaS, real-time ledger with TigerBeetle, OBP integration. Founded: 2024 HQ: Open Source (Global) Tech: TypeScript, Hono, Next.js 15, TigerBeetle, ClickHouse, PostgreSQL, Redis, Cloudflare Workers Pricing: Open Source (Apache 2.0) + Enterprise SaaS Highlights
| ||||||||||
Finastra Fusion Essence Islamic | A | |||||||||
Temenos Transact (T24) Islamic | A | |||||||||
Oracle FLEXCUBE Islamic Banking | A | |||||||||
Azentio Software iMAL | A | |||||||||
ICS Financial Systems ICS BANKS Islamic | B | |||||||||
Infosys Finacle Islamic Banking | A | |||||||||
Path Solutions iMAL Path (Islamic Banking) | B | |||||||||
International Turnkey Systems (ITS) ETHIX Islamic Banking | B | |||||||||
Tuum Tuum Core Banking | B | |||||||||
Mambu Mambu SaaS Banking | B | |||||||||
Velmie Velmie Digital Banking | C | |||||||||
Emach.ai Islamic Core Banking | B | |||||||||
Fimple Fimple Core Banking | C | |||||||||
Sopra Banking Software Sopra Banking Platform | B | |||||||||
Craft Silicon Elma Core Banking | C | |||||||||
Newgen Software NewgenONE Islamic Banking | C | |||||||||
Intellect Design Arena iGCB (Intellect Global Consumer Banking) | B | |||||||||
Codebase Technologies Digibanc | C | |||||||||
Leads Corporation Leads Islamic Banking | C | |||||||||
Nucleus Software FinnOne Neo Islamic | C | |||||||||
Infopro Infopro Islamic Banking | C | |||||||||
Millennium Information Solutions Millennium Islamic Banking | D | |||||||||
BML Istisharat BML Islamic Core Banking | C | |||||||||
Kiya.ai (InfrasoftTech) Kiya.ai Banking Platform | C | |||||||||
Get started with the open-source platform or talk to our team about enterprise deployment.