Qualco Technology, a global fintech solutions provider and part of Qualco Group, announces that Qualco ProximaPlus, its Receivables and Supply Chain Finance (SCF) platform, has received Shariah Compliance Certification facilitated by the International Islamic Trade Finance Corporation (ITFC) Advisory Services. The certification confirms the platform’s ability to support Shariah-compliant Receivables and SCF structures, including Goods Murabaha and Tawarruq (Commodity Murabaha), within a controlled, transparent, and Shariah-aligned operational framework.

This milestone reinforces Qualco Technology’s long-standing presence in the Middle East, where the company already supports some of the region’s largest banking institutions across core credit, receivables, and trade finance use cases. As Islamic finance continues to scale across the GCC and wider MENA region, banks are increasingly seeking industrial-grade platforms that can support Shariah-compliant structures at scale, without compromising governance, auditability, or operational consistency.

The certification validates Qualco ProximaPlus’s readiness to meet these requirements in real operating environments. The independent Shariah review assessed the platform’s architecture, transaction logic, contractual workflows, and operational controls, confirming alignment with recognised Shariah principles and suitability for live, large-scale execution.

“As Islamic finance becomes a core growth pillar for banks in the Middle East and beyond, the challenge is no longer product design alone, but disciplined delivery at scale,” said Ioannis Maniadakis, Chief Business Officer, New Ventures at Qualco Technology. “This certification endorses Qualco ProximaPlus as a platform built for consistent Shariah-compliant operations, with the controls and transparency institutions need to operate with confidence.”

Eng. Nasser Al-Thekair, GM Trade & Business Development, ITFC, said: “Following our advisory Shariah review service, we have certified Qualco ProximaPlus as aligned with recognised Shariah principles, supporting institutions in executing Shariah-compliant financing through a structured and controlled operational framework.”