Islamic Banking

A flexible and efficient award-winning solution enabling Shari’ah compliant innovation, scalability and digital engagement with your clients.

Islamic Banking Solution

Deliver an outstanding Shari’ah compliant experience to your customers using a combination of digital and human interaction, leveraging advanced graphical product building capabilities and modern technology to create offerings that are compliant and personalized while reducing your operational costs and risks.

Islamic Banking - Middle Eastern man using his laptop

Compliant

Temenos Islamic Banking is fully compliant to Shari’ah requirements, processes and accounting entries. It is parameter-driven, enabling banks to adapt it to their own specific compliance requirements.

Islamic Banking - Middle Eastern Cityscape

Comprehensive

Temenos Islamic Banking covers all areas of banking, from retail to corporate, private wealth and inclusive banking with rich functionality across all verticals.

Islamic Banking - Dubai Cityscape

Enable Innovation

With its flexible product builder, Temenos Islamic Banking allows financial institutions to create a wide range of products while facilitating innovation and a fast time to market.

Islamic Banking - Woman wearing hijab using tablet

Digital

Built on the best digital platform as selected by Ovum, enabling banks to face digital challenges and competition.

Islamic Banking - Textured ceiling with hole

Scalable

Temenos Islamic Banking serves small financial intuitions and the largest banks in the industry using the same software. It benefits from significant investment in banking technology, ensuring it is up to date and future proof.

Measurable Success

6 MONTH

6 month implementations

2 x

2x the bank capital

80 +

80+ Islamic Banking installations

# 2

#2 Islamic Banking IBS Intelligence Sales League Table 2019

Al Rajhi Bank Success Story - Saudi Arabia

“We are delighted to appoint Temenos as our strategic technology partner for our digital transformation. Temenos digital banking platform will enable us to transform faster, drive out complexity and lower our overall total cost of ownership. Temenos has a worldwide reputation for robust, innovative banking software and an extensive presence and commitment in Saudi Arabia. With Temenos we will be able to introduce new and innovative products more quickly and help reduce operational costs, as well as offer a cutting-edge digital experience to our customers.”

Mr. Waleed Al Mogbel, DCEO – Al Rajhi Bank
Read Success Story

Products

Financing

Full set of financing products with Shari’ah compliant flows covering different types of contracts: Murabaha, Ijara, Musharaka, Istisnaa, Forward Ijara, Bai Ajel, Qard Hasan and Modaraba financing. This also includes the ability to create structured financing products.

Profit Distribution

The advanced profit distribution system for Modaraba deposits. The bank can create pools linking sources of funds to investments and distribute dividends to its clients based on pre-set criteria.

Islamic Treasury

Comprehensive coverage for treasury products and services including Commodity Murabaha, Bulk commodity trading, Tawarruq, Wakala & Modaraba placements, and deposits. In addition to Sukuk trading, different dealer desk dashboard and treasury blotters and reports.

Wealth Management

Fully Shari’ah compliant private wealth investment strategies with the ability to control the types of instruments being traded. It also includes full profitability and risk profiling analysis capabilities for relationship managers and customers.

Inclusive Banking

Advanced Inclusive banking model especially dedicated to Islamic microfinance.

Customer Success Stories

Byblos Bank

One of Lebanon’s leading financial services providers, Byblos Bank is always looking for innovative ways to enhance its services and optimise business processes. The bank engaged Temenos for a healthcheck…

Al Rajhi

In early 2018, Al Rajhi Bank began investigating breakthrough technologies like Blockchain, and was poised to introduce fingerprint identification and electronic signatures.

Palestine Islamic Bank

With a branch network stretching across 43 locations, Palestine Islamic Bank is the nation’s largest Islamic bank. For the next stage of its growth journey, the bank launched a digital…

Al Hilal Bank Success Story - Dubai

“Temenos T24 Transact has had a positive impact on our business. It has enabled the bank to automate and streamline processes and improved the bank’s overall operations’ flow. We are delighted with the latest release of Temenos T24 Transact, which will continue advancing the bank’s productivity with its functional and technological enhancements. With the new Temenos T24 Transact release, our plan is to further enhance the bank’s investment management and profit management capabilities for Mudaraba and Wakala accounts. In addition, we plan to expand our Islamic derivatives products, and progress our Islamic mortgage financing.”

Mr. Saif Al Dhaheri, COO – Al Hilal Bank
read press release

You’re in Good Company

Temenos Platform

Cloud-Native, Cloud-Agnostic

Lower costs with the elastic scalability, security, and control you need to shape your business.

APIs & Extensibility

Innovate faster with access to over 700 open APIs in the largest FinTech ecosystem.

Microservices & Containers

Microservice architectures enable continuous application upgrades and cloud scalability.

Distributed Database

Achieve true horizontal scalability in the database layer and operate on an active-active basis across multi-cloud.

Temenos Continuous Deployment – DevOps

Reduce cost and shorten software release cycles – code in the morning, deploy in the afternoon.

Security & Immutable Logging

Protect your bank from modern digital threats with the highest levels of security.

AI & Machine Learning

Explainable AI enables transparency into automated decisions and provides intelligent banking by growing revenues, cutting costs and enhancing the customer experience.

Brochure

Islamic Banking Brochure

Islamic banking is growing faster than its conventional counterparts. To maintain this growth, Islamic banks must reinvent their business models by focusing on enhanced efficiency, ongoing compliance, and differentiated customer service and solutions. This is essential to acquire and retain their customer base whilst scaling up operations to meet global competition.

Video

Al Rajhi Bank – Success Story

Ahmed Anwar, Strategic Projects Advisor, Al Rajhi Bank talking about how Temenos offers the most comprehensive set of Islamic finance capabilities.


Latest News

Press Releases

Banque du Caire Goes Live With Temenos

One of the Largest State-Owned Banks in Egypt, creates new digital experiences for both corporate and retail customers rapidly deployed with bank’s existing core.

Temenos

Upcoming Events

Industry Event

Middle East Banking Innovation Summit 2019 Dubai

We will be participating in the 9th Annual Middle East Banking Innivation Summit, taking place at Jumeirah Emirates Towers Hotel in Dubai, UAE on 3-4 September 2019 as proud Gold sponsors.