Description
TIER GOLD · INTELLIGENCE ENGINE
Islamic Finance Intelligence Engine™
“The only AI that speaks IFRS and AAOIFI fluently.”
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◼ THE PROBLEM
Accounting for sukuk, murabaha, and takaful under dual IFRS + AAOIFI standards is where most finance teams break. |
◼ THE DIGISOUL ANSWER
Dual-standard treatment for every Islamic finance instrument — with Sharia compliance verdict, journal entries, and disclosure templates. |
The Transformation
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⚠ BEFORE
You burn hours Googling regulations, piecing together guidance from scattered PDFs, second-guessing every edge case, and paying advisors for answers you could find yourself if you had the right tool. |
→
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✓ AFTER
You ask Islamic Finance once. You get a regulation-grounded, audit-defensible answer in under 30 seconds — cited, structured, and instantly usable in client deliverables or board packs. |
How This Engine Thinks
This is not a chatbot pretending to be an expert. It is a multi-agent reasoning system where every subagent owns a specialist capability, governed by a deterministic 5-step methodology. Every answer is traceable, every citation is checkable, and every conclusion is reproducible.
The Specialist Subagents Inside
Every subagent owns one capability and does it at specialist depth. The orchestrator decides which subagent runs, in what order, based on your query.
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The 5-Step Methodology · Every Query, Every Time
This is deterministic. Every answer follows the same 5 steps. That is what makes the output audit-defensible.
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1
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STEP 1
Classify Islamic instrument type
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2
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STEP 2
Determine IFRS treatment under IFRS 9 / 16 / 17
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3
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STEP 3
Cross-reference AAOIFI FAS + Sharia standards
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4
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STEP 4
Generate journal entries and disclosures
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5
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STEP 5
Flag Sharia board items requiring approval
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What You Walk Away With
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✦
Dual-standard compliance
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Sharia-approved structures
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Audit-ready disclosures
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★ BUILT FOR
Islamic banks, takaful operators, sukuk issuers, Sharia advisors, IFRS auditors
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Stop Googling regulations. Deploy a specialist brain.
Add to cart. Download in seconds. Use forever.
◆ INSTANT DELIVERY ◆ LIFETIME ACCESS ◆ FUTURE UPDATES
Crafted with soul by DIGISOUL · Digital With Soul
Frequently asked questions
What is the difference between Islamic finance and conventional finance?
Islamic finance prohibits interest (riba), excessive uncertainty (gharar), gambling (maysir), and investment in haram industries (alcohol, pork, conventional finance, weapons). Instead, it uses risk-sharing structures: Murabaha (cost-plus sale), Ijarah (leasing), Mudarabah (profit-sharing partnership), Musharakah (joint venture), and Sukuk (asset-backed certificates). Every contract requires Sharia Supervisory Board approval. Globally, Islamic finance assets exceed USD 4 trillion in 2026, concentrated in GCC, Malaysia, and Indonesia.
What is a Sukuk and how is it accounted for?
Sukuk are Sharia-compliant investment certificates representing partial ownership of a tangible asset, business, or project u2014 not debt. Common structures include Sukuk al-Ijarah (asset-backed leasing), Sukuk al-Murabaha, Sukuk al-Wakalah, and Sukuk al-Musharakah. Under AAOIFI FAS 33, Sukuk are accounted for based on the underlying contract u2014 Ijarah Sukuk often use lease accounting (lessor) and asset-backed accounting (investor). Under IFRS, Sukuk may follow IFRS 9 if they meet the financial instrument definition or IFRS 16 if Ijarah-based.
What is AAOIFI and which standards apply to Islamic financial institutions?
AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions), headquartered in Bahrain, issues 100+ standards covering Sharia, accounting, auditing, ethics, and governance for Islamic banks and Takaful operators. Key Financial Accounting Standards include FAS 1 (general presentation), FAS 28 (Murabaha), FAS 32 (Ijarah), and FAS 33 (Sukuk). AAOIFI standards are mandatory in Bahrain, Oman, Sudan, Syria, Qatar (QFC), and increasingly in KSA, while UAE and Pakistan use them in parallel with IFRS.
How do you compute Zakat on a Murabaha portfolio?
For a Murabaha receivable held by a Saudi corporate, Zakat is computed at 2.5% on the Zakat base u2014 which includes the receivable's outstanding principal but excludes the deferred profit (mark-up) recognised on accrual. ZATCA treats Murabaha receivables as cash-equivalent for Zakat purposes when held by financial institutions. Individual investors apply 2.5% on the receivable balance held for one Hijri year. Specific exclusions apply for receivables linked to fixed-asset financing (Ijarah Muntahia Bittamleek).
What does the Digisoul Brain Islamic Finance Engine cover?
The engine covers all major Islamic contracts (Murabaha, Ijarah, Mudarabah, Musharakah, Salam, Istisna, Wakalah), Sukuk structures, AAOIFI Financial Accounting Standards, IFRS treatment of Islamic instruments, Sharia Supervisory Board governance, Zakat calculation on Sharia-compliant portfolios, Takaful (Islamic insurance) accounting, and 32+ prompt workflows including contract review, AAOIFI gap analysis, and Sharia screening.
الأسئلة الشائعة
ما هو محرك التمويل الإسلامي في Digisoul Brain؟
محرك التمويل الإسلامي قاعدة معرفة شاملة لمعايير AAOIFI، الفقه المعاصر، والعقود الشرعية (مرابحة، إجارة، مضاربة، مشاركة، صكوك، تكافل). يضم 30+ سير عمل مغطّياً تركيب الصكوك، حساب أرباح الاستثمار المتوافقة مع الشريعة، الإفصاحات الشرعية، وحوكمة هيئات الرقابة الشرعية. مُحدّث لأحدث معايير AAOIFI ولوائح البنوك المركزية.
من يحتاج إلى محرك التمويل الإسلامي؟
فرق المالية في البنوك الإسلامية، نوافذ الإسلامية في البنوك التقليدية، شركات التكافل، مُصدّري الصكوك ومُرَتّبيها، شركات الاستشارات الشرعية، المكاتب العائلية المستثمرة في أصول شرعية، والمؤسسات الأكاديمية المتخصصة في المالية الإسلامية. خاصة قيِّم في السعودية والإمارات والبحرين وعُمان وماليزيا وإندونيسيا.
إيه الفرق بين Sukuk Ijarah و Sukuk Mudarabah؟
Sukuk Ijarah مبنية على عقد إيجار: المستثمرون يملكون أصول مؤجرة وبيتقاضوا rental payments ثابتة، فبتكون أقرب لـfixed income من ناحية المخاطر. Sukuk Mudarabah مبنية على شراكة ربح وخسارة بين المُصدر (Mudarib) والمستثمرين (Rab al-Mal)، فالعائد متغير حسب أداء المشروع. AAOIFI Sharia Standard 17 بيحدد قواعد الاثنين، و SAMA و VARA بيشترطوا Sharia approval من Sharia Supervisory Board قبل الإصدار.
إزاي تحاسب Murabaha محاسبياً تحت IFRS و AAOIFI؟
تحت AAOIFI Financial Accounting Standard 28، Murabaha بتسجل بسعر التكلفة + الـmarkup المتفق عليه، والـdeferred profit بيتم amortize على فترة العقد. تحت IFRS 9، في معظم الحالات بتتعامل معاها كـfinancial asset at amortised cost باستخدام effective interest rate method، رغم اختلاف الـlegal form. CBE و SAMA بيقبلوا dual reporting (AAOIFI + IFRS) للبنوك الإسلامية مع reconciliation في الـnotes.
إيه دور هيئة الرقابة الشرعية (Sharia Supervisory Board) في المعاملات؟
الـSSB بتراجع كل منتج وعقد قبل الإطلاق وبتصدر fatwa بتأكيد التوافق الشرعي، وبتعمل ongoing audit للمعاملات. AAOIFI Governance Standard 1 بيشترط تشكيل من 3 علماء على الأقل، مستقلين عن الإدارة، ومؤهلين في Fiqh al-Muamalat. SAMA Sharia Governance Framework (2020) و CBUAE Higher Sharia Authority بيلزموا البنوك الإسلامية بتقرير سنوي من الـSSB، وأي خلاف بيرفع للـHSA كمرجعية عليا.
How to structure and account for an Ijarah Sukuk under AAOIFI and IFRS
Sharia-compliant Sukuk al-Ijarah structuring, AAOIFI FAS 33 accounting for issuers and holders, and parallel IFRS treatment.
⏱ Estimated time: PT6H
- Identify the underlying asset and contract
Sukuk al-Ijarah requires a tangible underlying asset (e.g., aircraft, real estate, infrastructure). The originator transfers the asset to a Special Purpose Vehicle (SPV) which issues Sukuk certificates representing partial ownership. The SPV leases the asset back to the originator under an Ijarah contract. - Obtain Sharia Supervisory Board approval
The Sukuk structure, contracts, and use of proceeds must be approved by a qualified Sharia Supervisory Board before issuance. AAOIFI standards govern structural requirements, including absence of riba, gharar, and prohibited use of proceeds. Document the SSB fatwa for the prospectus. - Prepare the offering documentation
Draft the prospectus including SSB fatwa, audited financials, risk factors, use of proceeds, and Sharia structure. Choose a listing venue: Tadawul, DFM, NASDAQ Dubai, Bursa Malaysia, London Stock Exchange. Obtain credit rating from S&P, Moody's, Fitch, or Capital Intelligence as needed. - Account for the issuer under AAOIFI FAS 33
Under AAOIFI FAS 33 the issuer typically derecognises the underlying asset (depending on substance), recognises a Sukuk liability, and recognises rental income from the SPV lease. Ijarah Muntahia Bittamleek with promise to transfer requires careful substance analysis. - Account for the holder under AAOIFI or IFRS
Sukuk holders applying AAOIFI typically classify as fair value through equity or amortised cost depending on the holding intent and contract type. Under IFRS, Sukuk holders classify per IFRS 9 — most Ijarah Sukuk pass the SPPI test and qualify for amortised cost or FVOCI. - Disclose under both frameworks
AAOIFI requires disclosures on the underlying asset, Sukuk holder rights, and Sharia compliance. IFRS 7 requires credit risk and fair value disclosures. Listed Sukuk on regulated exchanges add CMA/DFSA/QFCRA-specific continuing obligation disclosures. - Manage post-issuance compliance and reporting
Maintain ongoing SSB review, file periodic continuing obligation reports with the listing venue, monitor compliance with use-of-proceeds covenants, and prepare for redemption or rollover at maturity. Sharia non-compliance during the term can trigger early redemption or restructuring.
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