Modern Core Banking Built for Islamic Finance
The complete financial operating platform for Islamic banks, microfinance institutions, and non-interest windows across Africa. Powering Murabaha, Mudarabah, Musharakah, and Wadiah operations with automated profit-sharing ratios, real-time AAOIFI-OHADA general ledgers, and central bank regulatory reporting.
Built to support
Built for African Banking Regulation
Central Bank Standards
Microfinance and banking prudential regulatory framework compliance
AAOIFI & OHADA
AAOIFI FAS-compliant general ledger integrated with OHADA
Prudential Ratio Monitoring
Capital adequacy, liquidity, and PAR thresholds real-time monitoring
Deposit Insurance Reporting
Automated deposit insurance returns and compliance reporting
Real-Time Interbank & Mobile Money
Instant interbank transfers and mobile money integration
Shariah Governance
Advisory Committee of Experts (ACE) and Fatwa oversight
Conventional cores weren't built for this
Traditional core banking platforms were engineered strictly for interest-based finance, with Islamic product modules retrofitted as an afterthought.
Income recognition mislabeled
Legacy platforms label Murabaha profit as "interest income" in reports and general ledgers. Your Shariah board sees it. Your auditors flag it.
Regulatory reporting is manual chaos
Central bank and regulatory returns compiled by hand from dozens of separate exports and spreadsheets. Every quarter feels like an audit crisis.
Shariah governance lives outside the system
Advisory board approvals tracked in email threads and paper files instead of the core system. No audit trail. No version control.
End-of-day takes hours
EOD takes 2 to 3 hours and still leaves items unreconciled across multiple spreadsheets. Operations staff work late every single day.
TIKARI is different
The ledger is built on AAOIFI financial accounting standards from the ground up. Every product type (Wadiah, Mudarabah, Musharakah, Ijara) has its own GL logic, profit-sharing mechanics, and Shariah validation flow.
Your Shariah Advisory Board and your compliance team are first-class users in the system, not an afterthought. Central bank reporting is automatic. EOD closes in under 10 minutes.
Islamic banking operations require systems designed for regulatory compliance and Shariah principles from day one.
Four Core Products Under the Tikari Brand
Modular, interoperable, and strictly Shariah-compliant financial software engineered for banks, microfinance institutions, cooperatives, and takaful operators.
The Core Banking Platform
Tikari Core
The foundational banking operating system powering non-interest banks and MFIs. Features a certified AAOIFI-OHADA general ledger, Wadiah deposits, Mudarabah profit-sharing pools, multi-currency teller operations, and real-time regulatory returns.
Intelligent Islamic Financing Pipeline
Tikari Loan Origination System (LOS)
Comprehensive loan origination software automating the Islamic financing lifecycle from application to disbursement. Supports Murabaha, Mudarabah, Musharakah, and Ijara with automated credit scoring, multi-tier maker-checker approvals, and ACE Shariah fatwa linking.
Financed Asset & Inventory Custody
Tikari Asset Manager
Dedicated asset management and monitoring platform designed specifically for asset-backed Islamic finance. Manages physical inventory for Murabaha trade goods, monitors Ijara equipment lifecycles and maintenance, tracks Diminishing Musharakah buyouts, and audits physical collateral.
Mutual Insurance Infrastructure
Tikari Takaful
Next-generation Takaful platform engineered for modern mutual insurance operators. Supports both Mudarabah (profit-sharing) and Wakalah (agency fee) operational models, with complete separation of Participant Takaful Funds (Tabarru) from Shareholder Funds.
Looking for a unified Shariah banking ecosystem?
Deploy Tikari Core, LOS, Asset Manager, and Takaful together for seamless end-to-end automation.
One core. Every module a bank needs.
TIKARI covers the full lifecycle of a non-interest bank, from customer onboarding and KYC through to regulatory returns and year-end Zakat calculation. Everything talks to the same GL, the same audit trail, and the same maker-checker engine.
Banking Operations
Customer and KYC, Wadiah accounts, community savings groups, teller operations, interbank transfers, and agent float.
Islamic Financing
Murabaha, Mudarabah, Musharakah, Ijara, Sukuk, and Takaful, with built-in maker-checker and profit-sharing mechanics.
Compliance & Shariah
AML/CFT screening, regulatory returns, AAOIFI GL, ACE meeting management, Fatwa repository, and sanctions/PEP checks.
General Ledger & Reporting
Trial balance, income statement, regulatory balance sheet, prudential classification, capital adequacy, all from one ledger.
Agent Banking
Agent onboarding, float management, commission calculation, and cash-in/cash-out with real-time float adjustment.
Administration & EOD
User and role management, RBAC, full audit trail, automated end-of-day batch, month-end, and year-end close.
Murabaha to Musharakah with built-in Shariah controls
Each financing type has the right mechanics built in. Murabaha tracks cost price, markup, and deferred income per AAOIFI FAS 2. Mudarabah pools manage profit-sharing ratios. Diminishing Musharakah generates the buyout schedule and adjusts rental as ownership transfers.
- Murabaha, Mudarabah, Musharakah, Ijara, Salam, Istisna
- Four-eyes maker-checker approval on every disbursement
- Linked Fatwa reference and Shariah board approval status
- Early settlement (Ibra) with automatic rebate calculation
- Regulator-compliant prudential classification built into loan lifecycle
| Account | Debit | Credit |
|---|---|---|
| Cash at Till | 84.2M | 0 |
| Murabaha Financing | 1,240.5M | 0 |
| Ijara Assets | 620.0M | 0 |
| Wadiah Deposits | 0 | 1,450.0M |
| Mudarabah Deposits | 0 | 380.0M |
| Markup Income | 0 | 114.7M |
| Total | 1,944.7M | 1,944.7M |
Regulatory returns generated from your ledger
The General Ledger is built on AAOIFI financial accounting standards from the ground up. Every transaction posts to the correct GL account automatically. Regulator-compliant Statement of Financial Position, prudential ratios, credit bureau files. All generated, not compiled.
- AAOIFI FAS-compliant chart of accounts
- Central Bank Statement of Financial Position & reporting
- Prudential classification: current, substandard, doubtful, lost
- Capital adequacy and liquidity ratio dashboards
- Credit bureau file generation for monthly compliance
- Zakat calculation and charity fund tracking
Run community savings groups, agent float, and interbank transfers in one system
African non-interest banking is not just Murabaha. It includes traditional rotating savings groups (rotating savings groups), community agent networks, and mobile-first customers with national ID or Passport accounts. TIKARI was designed for this reality, not adapted for it.
- community savings group management with rotation tracker and contribution status
- Wadiah safekeeping savings with current, target, and group accounts
- KYC Tier 1/2/3 with inline ID verification via national ID and regional APIs
- Interbank transfers with name enquiry before authorisation
- Agent banking with onboarding, float, and commission settlement
- Teller module for cash deposit, withdrawal, and EOD reconciliation
community savings group
Al-Baraka Savings Circle
Cycle 7 of 12
9 of 12 members contributed
local currency 450,000 collected
Aminatou Njoya
Member #7
local currency 600,000 to disburse on 15 June 2026
Shariah-first. Not Shariah-retrofitted.
The difference between a platform built for non-interest banking and one adapted for it shows up everywhere. In the ledger, in the compliance workflow, and in the audit trail.
Built from the ledger up
The AAOIFI chart of accounts, deferred Murabaha income recognition (FAS 2), and Mudarabah profit distribution (FAS 3) are not add-ons. They are the foundation. Conventional banking GL assumptions do not exist here.
Regulator-Native Reporting
Statement of Financial Position, Prudential Returns, Capital Adequacy, Liquidity Ratio, credit bureau submission, and deposit insurance premium calculations. All generated from the live ledger on demand. Not from exports and formulas.
Shariah Governance workflow
Product submission, Shariah Board review, Fatwa issuance, and compliance tracking. The Fatwa repository is searchable and linked to every active financing product. Dissenting opinions and approval chains are auditable.
Four-eyes on everything
Maker-checker is not a bolt-on permission flag. It is the operating model. Every account opening, financing disbursement, fund transfer, and GL journal entry flows through a structured approval chain with full audit trail.
Built for African Markets
National ID and Passport verification. Standard account numbering. Interbank transfer systems. community savings groups. Agent banking. Multi-language localization. Native multi-currency support.
Migration path from legacy cores
We have helped financial institutions seamlessly transition from legacy core banking software and disparate spreadsheets with zero data loss and no downtime during business hours. We handle the data mapping while your team focuses on customer relationships.
Audit-ready from day one
Protect your institution with comprehensive, banking-grade security and Shariah-compliant audit trails designed to withstand strict regulatory review.
Regulatory-compliant audit trails and Shariah Board governance workflows built into every transaction
Four-eyes principle
Every financial operation goes through maker-checker approval. No single user can initiate and approve the same transaction, reducing operational and compliance risks under regulatory supervision.
Immutable audit trail
Every user action modifying data is logged with timestamp, user ID, IP address, and complete before and after state. Instantly exportable for regulatory audits and internal Shariah Board reviews.
Granular RBAC
14 pre-built banking roles including System Admin, Branch Manager, Credit Officer, Shariah Compliance Officer, Internal Shariah Auditor, ACE Member, Teller, and Agent Banking Representative with customizable permission controls.
Sensitive data controls
National ID, Passport, and account details are masked by default. Reveal operations require specific privileges, are logged to audit trails, and auto-hide after 30 seconds.
AML/CFT monitoring
Real-time transaction compliance rules for velocity, amount anomaly, structuring, dormant account activity, PEP screening, and sanctions lists in accordance with regional directives and international AML recommendations.
Regulatory compliance posture
Capital adequacy ratio metrics, liquidity ratio alerts, large exposure tracking, deposit insurance submissions, and prudential return logs visible in real time to authorized compliance officers.
From demo to live in a structured process
We guide you through every stage to ensure a smooth transition with zero interruption to your daily banking operations.
On-site training and implementation support across Africa's major financial centers
Book a demo
A 45-minute walkthrough of the platform tailored to your institution type (microfinance, Islamic bank, or credit union). No slide deck, we navigate the live system together.
Data mapping and migration
Our team conducts a thorough review of your existing core banking architecture and database schemas, maps your chart of accounts to the dual AAOIFI/OHADA structure, and delivers a clear migration roadmap aligned with central bank regulations.
Parallel run
You run both your legacy core and TIKARI simultaneously. We verify that every balance, customer record (ID validation), and financing contract matches exactly before cutover to avoid regulatory reporting discrepancies.
Training and go-live
Role-based training for your team: tellers, operations officers, credit analysts, Shariah compliance officers, regulatory reporting team, and IT admins. We stay on-call for the first 30 days post-launch.
Trusted Across Africa's Islamic Finance Sector
See how Shariah-compliant institutions achieve operational excellence with TIKARI.
CAMCCUL - Cameroon Cooperative Credit Union
Bamenda, Cameroon
TIKARI helped us modernize our credit union operations across all our branches. The system handles Shariah-compliant products seamlessly while maintaining COBAC compliance for our cooperative banking model.
Dr. Ndi Asonganyi
Managing Director
70% Faster
Loan Processing
450K+
Members Served
138
Branches
Al-Rayan Non-Interest Banking
Kano, Nigeria
Deploying TIKARI's non-interest banking window allowed us to launch Shariah-compliant services in record time. The automated ledger segregation keeps us perfectly aligned with CBN non-interest guidelines.
Dr. Amina Yusuf
Director of Islamic Windows
NGN 4.5B
Naira Volume
30 Days
Window Setup
24,000+
Active Customers
Taiba Islamic Microfinance
Dakar, Senegal
TIKARI has transformed our digital microfinance operations. It seamlessly handles Mudarabah deposits and generates compliance reports matching both BCEAO directives and SYSCOHADA requirements.
Paul Diagne
Chief Technology Officer
35K+
Daily Trans.
-50%
Operating Cost
100%
SYSCOHADA Rules
An-Nisaa Women Cooperative
Kaduna, Nigeria
TIKARI simplified our group lending and rotating savings operations. The mobile integration lets our members check balances and make deposits directly from their phone.
Hadja Fatima Bello
Executive Coordinator
15,000+
Members Empowered
NGN 850M
Group Financing
99.2%
Repayment Rate
MUFFA Adamawa Microfinance
Ngaoundéré, Cameroon
TIKARI works perfectly even with our intermittent connectivity in rural areas. The offline mode lets us serve clients in remote villages, then sync when network is available.
Issa Mohamadou
Regional Director
PAR <3%
Portfolio Quality
Same Day
Loan Disbursement
85%
Rural Reach
Baraka Capital West Africa
Abidjan, Côte d'Ivoire
For investment and asset-backed finance, precision is everything. TIKARI's automated profit-distribution engine and multi-currency ledger make regional compliance effortless.
Abdoulaye Koné
Chief Financial Officer
XOF 12B
Sukuk Managed
Passed
Shariah Audit
320+
Corporate Clients
Taqwa SACCO Kenya
Nairobi, Kenya
Transitioning to TIKARI enabled us to scale our Shariah-compliant savings and Murabaha products across East Africa. It easily manages members' profit ratios while adhering to local cooperative acts.
Omar Hassan
General Manager
KES 520M
Member Savings
7.8%
Profit Share
100%
Zero Interest
Ready to run your bank the way it was meant to be run?
Book a demo and we will walk through the platform live, with your use case in mind. No slide decks. No pricing pressure. Just a look at what running your institution on a proper non-interest core actually feels like.