ISLAMIC FINANCING & TREASURY
Six financing structures. Each one is genuine.
Not a loan with a renamed field. Each product type — Murabaha, Mudarabah, Musharakah, Ijara — has its own GL logic, profit-sharing mechanics, ACE approval workflow, and Shariah validation flow. Built from the accounting standard up.
Book a demoCost-plus sale — the most common Islamic financing structure
Bank purchases an asset and sells it to the customer at cost plus a disclosed markup, on deferred payment terms. MizanCore implements Murabaha per AAOIFI FAS 2: markup is posted to Deferred Murabaha Income on contract date and recognised over the tenor — never upfront to a revenue account.
Profit-sharing investment — deposits and financing
Used for both investment deposits (customers as Rabb al-mal) and financing (bank as Rabb al-mal). The profit pool engine calculates distribution from actual investment returns at period-end — not a predetermined rate applied to balances. Mudarib (bank) and Rabb al-mal shares are tracked separately in the GL.
Partnership — joint ownership and profit/loss sharing
Bank and customer contribute capital to a joint venture or asset purchase. Both share profits and losses in proportion to their capital contribution (or an agreed ratio). Diminishing Musharakah is supported for progressive equity transfer — common in property and asset financing.
Leasing — use without ownership transfer
Bank owns an asset and leases it to the customer for a rental payment. Ijara wa Iqtina (lease to own) is also supported, where the customer gradually acquires the asset through a separate purchase agreement. Rental income is recognised over the lease period.
Islamic capital market and mutual insurance structures
For institutions that issue or invest in Sukuk (Islamic bonds) or operate a Takaful window. Sukuk investment accounting, coupon (profit) receipt, and Takaful contribution and claims handling are supported with appropriate GL separation.
Benevolent loan — no markup, no profit
An interest-free loan where the customer repays only the principal. Often used for staff loans, emergency relief, or as a social finance product. Administrative fees (if ACE-approved) are posted separately and not described as profit. Full repayment tracking.