Islamic Fintech: Principles & Product Design
Design digital financial products that respect Islamic commercial ethics while still shipping modern UX: clear contracts, transparent profit mechanisms, and tech that keeps scholars and auditors aligned.
Format: 2 weeks · instructor-led or self-paced options · certificate of completion · examples from our production builds (Meras, Infinipi, and others).
What you will be able to do
- Articulate riba, gharar, and maysir constraints in product terms—not just marketing labels.
- Map common structures: murabaha, ijara, diminishing musharaka, wakala, and savings wrappers.
- Separate Shariah board governance tech needs from core banking engineering.
- Integrate Takaful and charitable (sadaqah/waqf) features without mixing funds.
- Run dual-ledger or multi-class products with conventional and Islamic rails.
- Prepare disclosure UX: profit rates, asset schedules, late payment handling (structure-dependent).
Syllabus
Week 1 — Principles, contracts & core banking patterns
- Objectives of Shariah in finance: fairness, risk sharing, asset backing themes.
- Contract anatomy: offer/acceptance, underlying asset, title transfer points.
- Digital sales and commodity murabaha flows in platform context.
- Lease-based products: maintenance, insurance (takaful) handling.
- Partnership models: profit/loss allocation, loss-bearing rules overview.
- Governance: Shariah committee workflows, fatwa traceability, product change control.
- UX patterns: avoiding deceptive APR analogues; clear Islamic vs conventional choice.
Week 2 — Platform integration, Takaful & scale
- API design for Islamic accounts: profit calculation dates, distribution runs.
- Pooling and segregation: customer money vs bank funds vs charitable pools.
- Reporting for scholars and regulators: audit trails, contract versioning.
- Hybrid customer base: single app, dual product factories.
- Partnerships with Islamic banks vs windows; technical integration patterns.
- Capstone: product spec for one Islamic lending/savings feature with control checklist.
Tools & concepts
Capstone
Deliver a structure diagram, user-facing disclosure outline, and engineering backlog for MVP.
Who should attend
Product and engineering teams serving Muslim markets or Islamic windows of conventional banks.
Prerequisites
General fintech literacy; Islamic finance concepts taught progressively.
Apply for this course
Fee $1,700 · 2 weeks. Students receive 50% off with valid ID. We will email payment instructions and next steps after you submit.
Corporate or bulk seats? Contact us. For other courses see all trainings.