Islamic Product Suite
Explore our suite of Islamic financial products powered by Kea Engine — fully compliant, modular, and ready to embed.
Murabaha (المرابحة)
Shariah-Compliant Cost-Plus Financing
- Fixed profit disclosed upfront
- Transparent, interest-free structure
- Ownership transfers after last payment
- Installment schedule with audit trail
Murābaḥah lil-Āmir bi al-Shirāʾ (المرابحة للآمر بالشراء)
A cost-plus sale where the bank purchases an asset and sells it to the customer at a disclosed profit margin, with payment made on a deferred or instalment basis. Ownership and possession must transfer to the bank before resale. No interest (Riba) is permitted at any stage.
- AAOIFI-Compliant Workflow: Automated ownership, possession, and contract sequencing.
- Transparent Profit Structure: Full cost and markup disclosure before contract signing.
- Digital Documentation: Smart contract generation, e-signature, and document integrity checks.
- Promise & Deposit Management: Built-in Waʿd (promise) and Hamish Jiddiyyah tracking.
- Compliance Dashboard: Live Shariah compliance status and audit-ready reports.
- No Riba, No Compounding: Fixed profit, asset-based transactions only.
- Secure Ownership Transfer: Verified transfer on completion with audit evidence.
- Vehicle Financing · Real Estate · Equipment Leasing · Consumer Goods
Islamic Leasing (الإجارة)
- Bank-Owned Asset: Bank acquires and owns the asset before leasing to the customer.
- Transparent Rent Structure: Fixed or benchmarked rentals with no interest or late-fee profit.
- Shariah-Compliant Usage: Asset may only be used for halal, approved purposes.
- Ownership & Risk Separation: Bank covers insurance and major maintenance; customer covers daily operational upkeep.
- Flexible End-of-Lease Options: Ownership can transfer via gift (Hibah), sale, or gradual purchase.
- Secure Contract Separation: Lease contract and ownership-transfer contract remain separate to avoid “two sales in one.”
- Deposits Supported: Hamish Jiddiyyah and ʿArboun allowed for security, tracked automatically and refunded where applicable.
- Digital Automation: E-signature, Takaful integration, rent reminders, and audit-ready documentation built into the engine.
- Vehicle leasing ending with ownership • Real estate leasing (residential or commercial) • Machinery and equipment leasing • Technology / office equipment financing
Benevolent Loan (القرض الحسن)
- Interest-Free Structure: No profit, compounding, or hidden charges.
- Transparent Repayment: Fixed or flexible schedule with full audit trail.
- Legitimate Purpose Verification: Automated checks for halal use of funds.
- Service Cost Recovery: Allows only actual administrative cost recovery.
- Voluntary Goodwill (Iḥsān): Borrowers may repay early or add more voluntarily.
- End-to-End Shariah Compliance: No tied contracts or conditional benefits.
- Community Banks • Charity Banks • Microfinance Programs • Humanitarian Funds
- Employee Welfare Schemes
Endowment (وَقْف )
- Perpetual Endowment – Assets are preserved, with only the returns used for charitable or religious purposes.
- Shariah-Governed – Managed under transparent rules approved by the Shariah board.
- Charitable Distribution – Profits and benefits are automatically allocated to beneficiaries (e.g., schools, mosques, hospitals).
- Immutable Audit Trail – End-to-end tracking of donations, beneficiaries, and disbursements.
- Smart Asset Management – Integration with investment modules to ensure halal growth of endowed funds.
- Customizable Beneficiary Rules – Banks and donors can define how and where returns should be distributed.
- Regulatory & Shariah Reporting – Automated compliance reports for auditors and regulators.
Diminishing Mushārakah (مشاركة متناقصة)
A joint-ownership partnership where the bank and customer co-own an asset, and the customer gradually buys the bank’s share until full ownership is achieved.
The model combines Mushārakah (shared ownership), Ijarah (leasing), and Bay‘ (sale)—ensuring all income comes from asset use and ownership transfer, never interest.
- Joint Ownership: Bank and customer jointly purchase the asset.
- Gradual Buyout: Customer purchases the bank’s share through scheduled sale transactions.
- Dynamic Rent: Rent decreases as the customer’s ownership share increases.
- Shariah-Compliant Income: Bank’s returns come from rent and sale profit—no interest.
- Secure Documentation: Separate contracts for Mushārakah, Ijarah, and staged sales.
- Full Ownership at Completion: Customer becomes sole owner after final buyout payment.
Use cases
- Islamic home financing (Islamic mortgage) Real estate development Machinery & vehicle acquisition Long-term asset ownership structures
Istisna (الاستصناع)
Structured financing for manufacturing, construction, and project-based contracts.
- Fixed cost + agreed profit (no interest)
- Flexible payments (deferred, instalments, or milestones)
- Optional grace period before delivery
- Ownership & risk remain with manufacturer until delivery
- Penalty only on manufacturer for delay (not on customer)
- Real-time contract tracking and Shariah audit trail
- 🏗️ Infrastructure & housing projects
- ⚙️ Custom machinery or industrial assets
- 🚢 Shipbuilding, aircraft, or large-scale manufacturing
Salam (السلم)
- Advance Payment: Full amount paid at contract signing.
- Deferred Delivery: Goods supplied at a fixed future date and location.
- Transparent and Interest-Free: No compounding, penalties, or uncertainty.
- Parallel Salam Support: Optional secondary Salam for risk and liquidity management.
- Real-Time Tracking: Smart contract monitoring and audit trail.
Use cases
- Agricultural Financing • Commodity Trading • Industrial Supply Chains • Working-Capital Support
Restricted Mudarabah (المضاربة المقيدة)
- Investor-Guided Investments: Funds restricted to approved sectors or projects.
- Transparent Profit Sharing: Profits divided per agreed ratio; no guaranteed returns.
- Strict Fund Segregation: Dedicated ledgers to prevent fund mixing.
- Automated Compliance Checks: Breach detection and Shariah audit integration.
- Ethical Risk Allocation: Investor bears risk; manager liable only for negligence or breach.
- Digital Reporting: Real-time investment tracking and performance dashboards.
- Targeted Investment Accounts • Project-Based Financing • Real Estate Portfolios • Charity & Endowment Funds
- Targeted Investment Accounts • Project-Based Financing • Real Estate Portfolios • Charity & Endowment Funds
Mushārakah (Sharikat al-ʿInān) — المشاركة (شركة العِنان))
A profit-and-loss sharing partnership where two or more parties contribute capital or expertise to a joint venture.
Profits are shared by an agreed ratio, while losses follow the partners’ capital shares. This model enables real partnership, shared risk, and Shariah-compliant business collaboration.
- Joint Capital Contribution: Cash or appraised tangible assets.
- Profit Sharing: Pre-agreed ratio based on actual profit (not capital).
- Loss Sharing: Always in proportion to capital contribution.
- Flexible Management: Managed jointly or via delegated partner.
- No Guaranteed Returns: No capital or profit guarantees.
- Shariah-Compliant Governance: Partners act as Amīn (trustee) and Wakīl (agent).
- Full Documentation: Contract includes capital, profit ratio, purpose, and liquidation terms.
- Use Cases
- Business joint ventures Real estate development Manufacturing & trade finance Working-capital partnerships Islamic venture capital
Unrestricted Mudarabah (المضاربة المطلقة)
- Flexible Investment Freedom: Mudarib invests across Shariah-permissible sectors.
- Transparent Profit Sharing: Pre-agreed ratio, not fixed returns.
- Ethical Risk Allocation: Losses borne by investor unless due to negligence.
- Trust-Based Management: Mudarib acts as trustee and agent.
- Flexible Investment Freedom: Mudarib invests across Shariah-permissible sectors. Transparent Profit Sharing: Pre-agreed ratio, not fixed returns. Ethical Risk Allocation: Losses borne by investor unless due to negligence. Trust-Based Management: Mudarib acts as trustee and agent. Digital Contract & Reporting: Real-time profit tracking and performance reports.
- Islamic Investment Accounts • Profit-Sharing Savings • Trade & Working Capital • Entrepreneurship Financing
Current Account (Wadīʿah yad al-ḍamānah)
- Guaranteed Repayment: Deposited amount returned in full on demand.
- Instant Access: Full liquidity for personal or business use.
- Ethical Fund Use: Bank invests only in Shariah-compliant activities.
- Optional Hibah: Voluntary rewards may be given, not promised.
- Digital Transparency: Secure online access and real-time account monitoring.
Use Cases
- Personal & Business Current Accounts • Corporate Operating Accounts • Payroll & Settlement Accounts • Charity and Nonprofit Accounts
KYC & Business Onboarding
- National ID or passport verification
- Selfie match + biometric checks
- AML + PEP screening
- Digital consent and secure storage
- Business registration check
- UBO and director KYC
- Sector-based compliance filtering
Who We Empower
Kea Engine enables financial institutions to build, launch, and scale Shariah-compliant products through a modern, API-first core banking platform. Whether you’re a regulated EMI or a new fintech innovator, Kea helps you bridge compliance, automation, and faith-based finance.
EMIs (Electronic Money Institutions)
Expand into Islamic Banking
Transform your existing EMI infrastructure into a Shariah-compliant model while maintaining FCA alignment and operational resilience.
Banks
Modernize Legacy Cores
Upgrade to a cloud-native Islamic core that automates financing products, compliance, and contract management.
Fintechs
Providers Redefine Home Finance
Power halal home purchase plans (e.g., Musharakah Mutanaqisah) through Kea Engine’s flexible Islamic core — serving faith-conscious homeowners ethically.
Regulated Payment Firms
Innovate Within Compliance
Enable halal financial flows without breaching regulatory obligations or introducing interest-based mechanisms.
Islamic Mortgage Providers
Providers Redefine Home Finance
Power halal home purchase plans (e.g., Musharakah Mutanaqisah) through Kea Engine’s flexible Islamic core — serving faith-conscious homeowners ethically.
Do you need our support?
Launching a new digital bank or moving off a legacy platform? Let’s talk about how Engine can support your next move. Share your requirements, and we’ll get back to you shortly.