Islamic finance is one of the fastest-growing sectors globally, yet its technological infrastructure has lagged behind. For decades, Islamic banks have relied on manual processes to ensure compliance with Sharia principles, leading to high costs, slower transactions, and the risk of human error.
The Compliance Gap
In a traditional Murabaha contract, the sequence of buying and selling is critical. A single timestamp error can render a transaction non-compliant. Legacy systems were not built to handle this complexity in real-time. This is where Mizan Software steps in.
Automating Trust
Mizan is not just a banking app; it is a compliance engine. Our core technology automates the entire lifecycle of Islamic financial contracts. By integrating real-time adherence to AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) standards directly into the code, we ensure that every transaction is verified before it is executed.
Our Technology Stack
We utilize advanced algorithms to manage commodity trades and contract generation instantly. This allows financial institutions to offer digital Murabaha financing to their customers in seconds, not days, without compromising on ethical standards.
Incubated at Cité de l'Innovation, Mizan Software is committed to modernizing ethical finance for the digital age.