Product Development

We can design and develop bespoke Shariah compliant financial products, both for the retail and wholesale markets. As well as being Shariah compliant, these products and services will take into account local regulatory and market conditions. Our skills and experience mean that we can help you develop innovative and commercially viable solutions that are Shariah compliant.
Our comprehensive service can assist you with the complete life cycle of the product from design to implementation. This includes tailoring all elements of the marketing mix for the target market.

Some of the products we have designed for financial institutions include:

Savings and deposit accounts
Personal finance
Home Purchase Plans
Commercial Property Finance
Treasury instruments for HNW and corporate clients
Investments funds for Investment and Private banks
Takaful - retail and commercial insurance

We also have expertise in other growth areas such as:

Sukuks
Structured finance
Project finance

We work closely with your product development team and partners to ensure that your product fully meets the strict Shariah & regulatory requirements. Our expertise in this highly technical area streamlines the process resulting in competitive and profitable products in the most efficient way.

“The involvement of IFAAS in the process of product development is highly assuring for Shariah scholars as well as the management that the product and its related processes are in full conformity with Shariah requirements.”

Sheikh Nizam Yaquby