World's #1 Islamic Banking platform. AAOIFI-certified, digital first and trusted for speed, scalability and innovation.
iMAL is the world’s leading Islamic banking platform and the only AAOIFI-certified core built specifically for Shari’ah-compliant finance. Covering retail, corporate, treasury, investment, trade finance, and microfinance, iMAL offers a comprehensive suite of solutions that enable institutions to deliver ethical, inclusive, and scalable banking, combining uncompromising compliance with agility and innovation.
countries live across the Middle East, Africa, and Asia
branches operating on the platform
customer accounts managed
assets supported
Every product and process in iMAL is Shari’ah-aligned by default. This reduces compliance risk, strengthens governance, and provides regulators, boards, and customers with full confidence in every transaction.
A modular, parameter-driven, flexible platform that empowers banks to launch new offerings quickly, expand into new markets, and scale operations efficiently without disruption.
API-first and cloud-ready, iMAL integrates seamlessly with mobile, online, and open banking ecosystems, enabling modern, customer-centric journeys and preparing institutions for future digital innovation.
What our customers say
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Products
Configure, automate, and improvise your financial institutions overall lending life cycle process with our comprehensive lending solution for retail and corporate customers
Unifies multiple channels to provide a personalized, single, and seamless digital experience with services for retail, corporate, and investment banking
Factoring and supply chain finance provides comprehensive solutions that empower financial institutions to support diverse funding needs while delivering real-time insights and seamless operations.
Azentio has been a core enabler in our journey to becoming a digital first, Shari’ah-compliant corporate bank. Their AAOIFI certification and seamless integration offerings have helped us launch on time and build a solid foundation for future expansion.
Parvin Jain
CEO, Vision Bank
At BankIslami, we are committed to providing best-in-class services while driving aggressive nationwide expansion. To fuel our growth, we need solutions aligned with global trends and capable of supporting our vision. The iMAL R14 upgrade is a critical step forward, equipping us with the technology to enhance efficiency and continue delivering innovative, Shari’ah-compliant financial solutions.
Rizwan Ata
President & CEO, BankIslami
With Azentio, we’ve achieved full Shari’ah compliance while streamlining our operations and delivering transparent, efficient services to our customers. The solution has been a reliable backbone in our journey to scale and lead in Ethiopia’s interest-free banking sector.
Daniel Hailu
CIO, Bank of Abyssinia
 We are excited to partner with Azentio as our chosen core-banking technology partner to support our ongoing business growth. The iMAL platform, with its inclusive features and commitment to Islamic banking principles, aligns with our objectives. This collaboration will support our teams in streamlining processes, enhancing productivity, and improving the omnichannel customer journey.
Amjad Hijazi
Chief Operating Officer,
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No. Islamic banking is open to everyone, Muslim and non-Muslim alike. Its principles of ethical finance, transparency, and fairness appeal to a wide audience seeking values-based financial services.
Islamic banking prohibits interest (riba) and avoids speculative transactions (gharar). Instead, it emphasizes asset-backed financing and risk-sharing partnerships. Conventional banking, by contrast, is interest-based and often involves greater exposure to debt and derivatives.
Riba is the practice of charging interest, and it’s strictly prohibited in Islamic law. It’s considered exploitative and contrary to the ethical and moral principles of Islam. Islamic finance encourages equitable wealth distribution and mutual benefit, which riba undermines.
Takaful is a cooperative Islamic insurance model where participants contribute to a shared pool to cover each other’s losses. Unlike conventional insurance, Takaful is based on mutual responsibility and avoids interest, gambling (maysir), and uncertainty (gharar), all of which are prohibited in Islam.
AAOIFI stands for the Accounting and Auditing Organization for Islamic Financial Institutions. It is the global standard-setting body for Islamic finance, headquartered in Bahrain. AAOIFI issues authoritative standards on:
Why AAOIFI certification matters:
Not necessarily. While the structure of Islamic financial products may differ (e.g., profit-based instead of interest-based), they are often competitively priced. In fact, many customers value the ethical framework and transparency that Islamic finance offers.
Islamic banking supports real economic development by financing tangible assets and productive ventures. It also:
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