Mambu expands Islamic banking tools for global growth

July 29, 2025

Mambu has launched a major upgrade to its Islamic banking capabilities, aiming to empower financial institutions to develop and scale Shari’ah-compliant products with greater speed, transparency and efficiency.

As the global Islamic finance sector is set to exceed $3.8tn in assets by 2025, according to data from Mambu, the need for modern digital infrastructure is becoming more pressing. Many banks in the Middle East, Africa, and Asia-Pacific regions still rely on outdated systems, limiting their ability to serve customers effectively. Mambu’s latest platform enhancements offer a digital-first foundation for ethical banking, allowing institutions to better align with customer expectations while maintaining strict adherence to Islamic principles.

Mambu market sales director for APAC David Becker said, “This launch marks a significant milestone in our commitment to ethical and inclusive finance and to our customers in APAC and MEA. Mambu’s cloud banking platform coupled with our powerful Islamic Profit Sharing capabilities ensure financial institutions now have access to powerful tools that reduce complexity, automate compliance, and accelerate time to market, all within a fully Shari’ah-aligned framework.”

The company’s cloud-native banking platform is already used globally to enable modern Islamic banking products. With these latest enhancements, Mambu is aiming to further streamline operations and simplify the development of Islamic financial offerings.

Central to the upgrade is the Islamic Profit Sharing (IPS) engine, designed to ensure transparent and compliant profit calculation and distribution processes. It significantly reduces manual work and operational risks by automating profit-sharing aligned with Shari’ah rules. Additional features include support for Islamic current and savings accounts based on models such as Mudarabah, Wakalah, Wadiah, Qard Hassan and Tawarruq.

Mambu’s upgraded Islamic financing engine also supports a wide range of Shari’ah-compliant lending solutions, including Murabaha and SME financing, giving banks the flexibility to offer ethical financial products for different customer segments.

Mambu head of Middle East & Africa Harjit Kang said, “Islamic banks don’t just need digital tools, they need a flexible foundation built for ethical growth. To remain competitive in a digitally transforming region, Islamic banks must adopt new technologies; innovators will gain first-mover advantages, while those who fail to adapt, risk being left behind. Mambu enables them to lead with agility, trust, and purpose.”