Accelerate growth, deliver customer delight

Asset-based business model

Comprehensive coverage across all major areas with deep banking functionality

Making the complex, simple

Ensure compliance with Sharia principles while reducing operating costs and increasing automation

Two models, single instance

Supports both Islamic and conventional banking operations on a single system

Deployment options

Supports both on-prem and cloud deployment, the choice is yours

Rip and replace

Full scale transformation is, for many, the best way to increase enterprise agility, reduce costs and tap into new opportunities

Symbiosis

An alternative approach delivering benefits fast, while reducing the costs and risks associated with full scale transformation

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Reimagine Islamic Finance with Finastra's Core Banking Solutions

Finastra Essence

Next-gen core banking solution that uniquely combines rich, broad, and deep banking functionality with advanced technology.

Product Details

Finastra Essence Analytics

Turn raw banking data into actionable insights with real‑time dashboards, predictive models, and an AI‑ready analytics foundation.

Product Details

Hear from our customers

Customer Testimonial

The ADF empowering the Saudi agricultural industry with Essence

The Saudi Agricultural Development Fund

With best-in-class solutions like Essence supporting us, we’re well placed to realize the goals of Saudi Vision 2030 and drive agricultural development in the Kingdom.

Muhammad S. Al-Dhuwaiyan CIO, The Saudi Agricultural Development Fund
Image of machinery for agriculture
Customer Testimonial

The ADF empowering the Saudi agricultural industry with Essence (Arabic)

The Saudi Agricultural Development Fund

Essence is one of the perfect platforms to manage our products efficiently and in keeping with the values of Islam.

Muhammad S. Al‑Dhuwaiyan CIO, The Saudi Agricultural Development Fund
Two red combine harvesters working in a vast golden wheat field under a dramatic sunset sky.

Solve Islamic Banking challenges with agility and clarity

Finastra Essence supports Sharia‑compliant workflows, reduces operational complexity, and enables banks to deliver efficient, customer‑centric Islamic Banking services.

Support Sharia‑compliant products

Automate Murabaha, Ijarah, Mudarabah and more with accuracy.

Simplify Islamic operations

Reduce manual effort and complexity with STP and automation.

One core for both models

Run Islamic and conventional banking on one unified core.

Adapt and innovate faster

Use open APIs and flexible tools to evolve Islamic offerings.

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Sharia‑compliant core banking, simplified

Purpose‑built capabilities that support Islamic workflows, automate profit handling, and simplify Sharia‑compliant banking.

  • Streamlined Islamic workflows
  • Automated profit handling
  • Shariah‑compliant operations

Explore Islamic capabilities.

Resources to support your Islamic Banking journey

Image of laptop with cover slide for "Unleashing potential in Islamic banking" white paper
Image of laptop with cover slide for "Enabling Islamic financial services with the right technology" brochure
Image of tablet with cover slide for "Unleashing potential in Islamic banking" infographic
Image of laptop with cover slide for "The advantage of a symbiosis strategy" white paper

Unleashing potential in Islamic Banking

Learn how using one core instead of two reduces cost, complexity and risk for Islamic banking, and why domain expertise matters.

Enabling Islamic financial services

See how purpose‑built capabilities support Sharia‑compliant operations and improve efficiency across Islamic financial services. View the brochure.

Is technology holding Islamic finance back?

See how legacy technology, two-core systems and misunderstood Islamic workflows create cost, risk and limited agility and what can be done about it. View the infographic.

The advantage of a symbiosis strategy

Learn how a symbiosis approach reduces risk, accelerates modernization, and delivers benefits faster for Islamic Banking. View the white paper.

Helpful resources to improve

Apps to extend your core banking solution

Explore apps designed to complement Finastra Essence and extend core banking with payments, connectivity, data and innovation services.

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Universal Banking

Digital Channels - Verichannels

From VeriPark
VeriLoan is an end-to-end digital loan origination, servicing, and collection solution built on Dynamics 365, streamlining the entire loan process from pre-screening to disbursement. VeriTouch is a... See Details
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Universal Banking

Open Banking Compliance Solution

From Salt Edge
Salt Edge provides an Open Banking and PSD2 Compliance (Europe, UK, Australia, Brazil) solution covering all essential components required by regulators: Testing and Live environment for the TPPs for... See Details
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Universal Banking

SigCap

From 01System
01 Systems is a premier provider of software solutions, catering to banks and financial institutions worldwide. With a legacy of 30 years marked by passion and innovation, our expertise lies in... See Details
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Universal Banking

Sumsub

From Sumsub
Sumsub offers a comprehensive verification platform that secures the entire user journey. Their customizable KYC/AML, KYB, transaction monitoring, and fraud prevention solutions help businesses... See Details

Frequently Asked Questions

Yes. Finastra’s Universal Banking solutions are designed to support multiple banking models, including Islamic finance. The platform provides Sharia-compliant capabilities and supports Islamic product rules without custom development.

Universal Banking includes Sharia‑aligned configurations for Murabaha, profit‑sharing, and Islamic contract workflows. Essence can apply Islamic product rules without custom development, supporting compliant operations.

Yes. Essence supports Murabaha‑style financing and Islamic lending rules within its product engine, ensuring compliant workflows across origination, credit rules, schedules, servicing, and settlement.

Yes. Essence enables Islamic and conventional banking on one unified system. Banks can operate Islamic windows, full Islamic entities, or mixed models without running two separate cores.

Essence supports Sharia‑compliant rules, profit‑sharing structures, and Islamic workflows in real‑time digital channels, enabling Islamic banks to deliver modern online and mobile experiences.

Essence supports Murabaha, profit‑sharing, Islamic financing structures, and workflows aligned with Shariah principles, enabling compliant financing across diverse Islamic banking models.

Let's talk about your banking future

Discover how Finastra Essence supports Sharia‑compliant products, reduces complexity, and enables efficient, scalable Islamic Banking operations.

Finastra provided excellent support throughout the implementation and beyond.

Muhammad S. Al-Dhuwaiyan
CIO, The Saudi Agricultural Development Fund