← Platform

COMPLIANCE & SHARIAH GOVERNANCE

The ACE is a platform user, not an afterthought.

MizanCore treats your Advisory Committee of Experts (ACE), compliance team, and CBN examiner as primary users. Every governance feature — Fatwa repository, product approval, AML monitoring, regulatory returns — is built in, not bolted on.

Book a demo

SHARIAH GOVERNANCE

From Fatwa to ledger, one continuous chain.

Every financing product in MizanCore is linked to the Fatwa that governs it. Before a product can be activated and offered to customers, the ACE must review and approve the product paper within the platform. Their decision is logged, timestamped, and permanently attached to the product record.

When a CBN examiner asks to see the Shariah basis for your Murabaha product, you search the Fatwa repository and print it in under a minute. The chain of custody — product paper → ACE approval → Fatwa reference → live product → GL transactions — is complete and verifiable.

Fatwa repository with versioning and search
Product paper submission and ACE review workflow
ACE approval required before product activation
Annual product review reminders
ACE meeting minutes attachment
Shariah compliance report generation

SAMPLE FATWA RECORD

MCF-2024-017

Murabaha to the Purchase Orderer — Home Improvement

Approved: 14 Mar 2024 · 3 ACE members

Products governed by this Fatwa

Murabaha — Home Improvement Facility
Murabaha — Equipment Purchase
Annual review due: March 2025

CBN REPORTING

12 returns. Generated from the GL. No spreadsheet.

Every CBN prudential return is generated directly from live GL data — not assembled from spreadsheet exports. Your compliance team can pull any return for any prior period in under five minutes.

MFB-001 Statement of Financial Position Monthly
MFB-002 Statement of Income & Expenditure Monthly
MFB-003 Capital Adequacy Ratio Quarterly
MFB-004 Liquidity Ratio Monthly
MFB-005 Portfolio at Risk Monthly
MFB-006 Profit-Sharing Ratios Quarterly
MFB-007 Mudarabah Pool Report Monthly
MFB-008 Large Exposures Monthly
MFB-009 Foreign Currency Exposure Monthly
AML/CFT Suspicious & Currency Transaction Reports As required
NDIC Deposit Insurance Returns Annual
NFIU STR / CTR Filing As required

AML/CFT MONITORING

Suspicious transactions surface automatically.

Transaction monitoring rules flag unusual patterns: large cash deposits, structuring behaviour, transactions with high-risk countries or entities, and sudden changes in account activity. Flagged transactions are queued for your compliance officer's review.

NFIU STR and CTR filings can be initiated directly from the platform — the transaction data is pre-populated from the monitoring record, reducing the risk of filing errors.

IMMUTABLE AUDIT TRAIL

Every action. Every user. Permanent.

MizanCore maintains a complete, immutable audit log of every transaction, approval, override, and configuration change. User identity, timestamp, and IP address are captured. The log cannot be edited or deleted by any user role, including system administrators.

Audit queries can be searched by user, action type, date range, account, or transaction amount — and exported for external auditors and CBN examiners.

See the compliance features in a demo.

We'll walk through the Fatwa repository, a CBN return pull, and the audit trail — live, not slides.

Book a demo ← Back to platform