Islamic finance contracts, compliantly managed.
Murabaha, Ijarah, Musharakah, Mudarabah, Qard Hassan and more — ten Sharia-compliant contract modes with per-mode schedules, a dated compliance audit trail, and a member self-service portal, all in one Odoo app.
The problem
Islamic financial cooperatives and microfinance institutions cannot use conventional, interest-based loan software: riba-free contracts like Murabaha, Mudarabah and Qard Hassan each need their own profit-recognition and repayment logic, and getting it wrong risks Sharia-board rejection. Existing tools force a choice between broad contract coverage and day-to-day usability, leaving back-office staff stuck with spreadsheets and manual compliance checklists.
The solution
Islamic Finance Products models ten Sharia-compliant contract modes natively, each with its own schedule logic — asset-backed sale, diminishing partnership, profit-sharing, leasing and benevolent loans — plus a dated compliance audit trail, early-settlement rebates, a charity fund and a mobile member portal, so staff and the Sharia committee work from one dependable system.
Everything a Sharia-compliant lender needs
Every capability below is implemented in the module.
Ten contract modes, one model
Murabaha, Musharakah Mutanaqisah, Mudarabah, Ijarah, Ijarah Muntahia Bittamleek, Qard Hassan, Salam, Istisna, Tawarruq and Wakala — each contract mode drives its own profit, rental or buyout schedule.
Asset-ownership tracking
Murabaha, Tawarruq, Istisna and Salam contracts record the institution’s acquisition cost and ownership date before resale — the compliance anchor that makes the sale permissible.
Zero-profit enforcement
Qard Hassan and Wadiah contracts are validated to carry no profit component, guarding benevolent loans and safekeeping deposits against accidental riba.
Diminishing ownership ledger
Musharakah Mutanaqisah contracts track the institution’s declining ownership share period by period, splitting rental and buyout payments correctly as the member buys in.
Profit-sharing declarations
Mudarabah and Wakala contracts declare periodic gross profit and split it between institution and member by an agreed ratio, with a full distribution audit trail.
Sharia compliance audit trail
Dated reviews check asset backing, disclosure, riba avoidance and gharar avoidance per contract, with a plain-language compliance narrative for the Sharia committee.
Board-ready compliance reports
Generate a Sharia Compliance Report straight from the audit trail, alongside a full contract statement, both ready to print or share with the board.
Early settlement and charity fund
Settle a contract early with an automatic profit rebate, and route any non-rebated profit to a charity (sadaqah) fund for income purification.
Member self-service portal
Members log in to view their own contracts, repayment schedules and profit distributions on a mobile-friendly portal page — no spreadsheets required.
How it works
Set up products & policies
Create financing products for each contract mode and configure the rebate ratio, charity policy and compliance target in Settings.
Open & review a contract
Create a member’s contract, submit it for Sharia review, and let the committee record a dated compliance checklist and narrative.
Approve, activate & collect
Approve passing contracts, activate to generate the repayment or profit schedule, and register payments as they come in.
Close, settle & report
Close contracts on schedule or settle early with an automatic rebate, then print the contract statement and compliance report for the board.
Frequently asked
No sales fog. If your question isn't here, email us and we'll answer it the same way.
All ten common Sharia-compliant modes: Murabaha, Musharakah Mutanaqisah, Mudarabah, Ijarah, Ijarah Muntahia Bittamleek, Qard Hassan, Salam, Istisna, Tawarruq and Wakala, plus Wadiah safekeeping deposits.
Buy it on the Odoo App Store
Purchase, download and install directly from the official Odoo Apps Store — you'll always get the latest supported build.
Islamic Finance Products — Sharia-Compliant Contracts, Compliance & Member Portal
Ten Sharia-compliant contract modes on one model, with asset-ownership tracking, zero-profit enforcement, profit-sharing declarations and a dated compliance audit trail — plus a member self-service portal.
Buy on Odoo App Store