Compliance & Shariah Governance
Independent Shariah Supervisory Board oversight, central bank regulatory compliance, AML/CFT standards controls, and AAOIFI reporting standards. Built for Africa's Islamic banking regulatory environment.
Shariah Supervisory Board (SSB)
Independent Shariah governance with fatwa management and audit oversight
SSB Composition & Registration
Multi-scholar board with regulatory registration, qualification tracking, and term management
Fatwa Issuance Workflow
Structured fatwa request, deliberation, and approval process with digital signature and archiving
Product Approval Process
Pre-launch Shariah compliance review for all new products with detailed product specification documents
Quarterly SSB Reports
Automated quarterly compliance reports to SSB with transaction sampling and exception alerts
Annual Shariah Audit
Year-end comprehensive audit of all transactions, contracts, and profit distribution mechanisms
Fatwa Database
Searchable repository of all fatwas issued with cross-references to AAOIFI standards
Internal Shariah Audit
Continuous monitoring and testing of Shariah compliance across all operations
Transaction Sampling
Statistical sampling of financing contracts, deposits, and treasury transactions for compliance review
Contract Review Engine
Automated validation of contract terms against Shariah principles and SSB-approved templates
Prohibited Revenue Detection
Real-time flagging of interest-based income, speculative trades, and haram sector exposure
Audit Trail Tracking
Immutable audit log of all transactions with user actions, timestamps, and approval chains
Non-Compliance Reporting
Exception reporting with root cause analysis, remediation plans, and escalation to SSB
Purification Calculation
Automated calculation of non-Shariah-compliant income for charity distribution
Banking Regulatory Compliance
Full adherence to prudential norms and regulatory reporting requirements across supported jurisdictions
Capital Adequacy Monitoring
Real-time CAR calculation with Tier 1/Tier 2 capital tracking and regulatory minimum ratio enforcement
Liquidity Ratios (LCR & NSFR)
Daily liquidity coverage ratio and net stable funding ratio monitoring with buffer alerts
Large Exposure Limits
Automatic tracking of single-borrower and group exposure against regulatory concentration limits
Regulatory Return Filing
Automated generation of monthly, quarterly, and annual regulatory returns to banking supervisory authorities
Provisioning & NPL Classification
Regulatory-compliant loan classification (Pass, Special Mention, Substandard, Doubtful, Loss) with provision calculation
Governance & Risk Reports
Board-level risk reports covering credit, market, operational, and Shariah non-compliance risks
AML/CFT & AML/CFT compliance
Anti-money laundering and counter-terrorism financing controls
Customer Due Diligence (CDD)
Enhanced due diligence for high-risk customers with PEP screening and beneficial ownership identification
Transaction Monitoring
Real-time screening of transactions against local currency thresholds with suspicious activity flagging
Sanctions Screening
Automated screening against regional sanctions lists and UN consolidated terrorism list
Suspicious Transaction Reports
STR filing workflow with case management and secure submission to national financial intelligence units
Wire Transfer Monitoring
Cross-border transfer screening with originator and beneficiary information validation
AML Risk Scoring
Customer risk rating based on occupation, transaction patterns, geography, and product usage
Contract & Document Management
Digital repository for all Islamic finance contracts and compliance documents
Digital Contract Vault
Secure storage of all financing contracts with version control and e-signature integration
Template Library
SSB-approved contract templates for Murabaha, Ijara, Mudarabah, and Musharakah with variable fields
Customer Consent Records
Digital archiving of customer consent forms, disclosures, and acknowledgments per regulatory requirements
Compliance Document Tracking
Centralized tracking of licenses, board resolutions, SSB fatwas, and regulatory approvals
Retention Policy Automation
Automated enforcement of 10-year document retention policy with secure archival and deletion
Audit Trail Retrieval
Quick retrieval of contract history and amendment trail for internal audits and regulatory inspections
Compliance Reporting & Analytics
Real-time dashboards and regulatory report generation
Real-Time Compliance Dashboard
Executive dashboard with CAR, LCR, NPL ratio, Shariah compliance score, and red-flag alerts
AAOIFI Financial Statements
Automated generation of AAOIFI-compliant financial statements with profit equalization reserve disclosure
Regulatory Return Generator
One-click generation of all required regulatory returns with pre-validation checks
SSB Annual Report
End-of-year Shariah compliance report with statistics on product volumes, exceptions, and purification
Trend Analysis
Historical trend charts for key ratios, non-compliance events, and risk metrics
Custom Report Builder
Ad-hoc report builder for internal audits, regulatory queries, and management information requests
See Compliance Operations in Action
Schedule a personalized demo to see how TIKARI manages Shariah Supervisory Board operations, central bank regulatory compliance, and AML/CFT controls for Africa's Islamic banking environment.