Mambu boosts Islamic finance with new digital tools

By Vriti Gothi

Mambu, a cloud-native core banking and payments platform, has launched its next-generation Islamic banking capabilities to build, deploy and scale Shariah-compliant solutions with unprecedented speed, transparency, and agility.

At a time when global Islamic banking assets are projected to exceed $3.8 trillion by 2025, the industry faces mounting pressure to modernise legacy infrastructure and respond to digitally savvy customer expectations. Mambu’s enhanced capabilities offer a composable, future-ready foundation for Islamic finance, enabling banks to deliver ethical, compliant, and customer-centric services aligned with Islamic values.

Built on Mambu’s proven cloud-native architecture, the enhanced Islamic banking suite extends a full spectrum of capabilities for financial institutions across APAC, MEA, and beyond. These tools are designed not only to optimise operations but to offer the flexibility, compliance, and scale required to meet regional regulatory demands and support ethical financial growth.

Mambu’s enhanced Islamic banking capabilities deliver a comprehensive suite of tools designed to support ethical, Shariah-compliant financial services. Key features include the Islamic Profit Sharing (IPS) engine, which automates fair and transparent profit calculation and distribution; robust funding solutions for savings and current accounts based on authentic profit-and-loss sharing models such as Mudarabah, Wakalah, Wadiah, Qard Hassan, and Tawarruq; and flexible financing solutions that enable personal, SME, and asset-based lending through structures like Murabaha, Tawarruq, and Qard Hassan, all designed to meet diverse customer needs while ensuring full alignment with Islamic principles.

These capabilities are powered by Mambu’s Software-as-a-Service (SaaS) platform, enabling rapid product innovation through low-code configuration and delivering seamless scalability across Islamic and conventional banking operations. The platform also supports dual-banking structures—allowing institutions to maintain clear operational and compliance separation while expanding into new markets and product lines.

With this strategic enhancement, Mambu is reinforcing its leadership in ethical finance infrastructure, empowering institutions to reimagine Islamic banking for the digital age. As demand for inclusive, compliant, and customer-first services accelerates across key growth markets, Mambu stands ready to support the next wave of transformation in global Islamic finance.

Harjit Kang, Head of Middle East & Africa, said, “Islamic banks don’t just need digital tools, they need a flexible foundation built for ethical growth. To remain competitive in a digitally transforming region, Islamic banks must adopt new technologies; innovators will gain first-mover advantages, while those who fail to adapt, risk being left behind. Mambu enables them to lead with agility, trust, and purpose.”