ProximaPlus Qualco Group Qualco Technology Global 05-02-2026Qualco Technology secures Shariah Compliance Certification for ProximaPlusQualco 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’ 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.”About Qualco TechnologyQualco Technology, part of Qualco Group, delivers advanced software solutions for the financial sector, covering the entire credit and lending value chain. With 25+ years of experience and clients in 30+ countries across Europe and the Middle East, Qualco Technology helps institutions manage credit effectively, ensure compliance, and drive sustainable growth through AI, analytics, and digital innovation.About the International Islamic Trade Finance Corporation (ITFC)ITFC is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving socioeconomic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided more than US$92bn of financing to OIC member countries, making it the leading provider of trade solutions. ITFC Advisory Services provides specialized advisory solutions that support OIC member and non-member countries in advancing sustainable trade and Islamic finance ecosystems. Leveraging ITFC’s technical expertise and market experience, the Advisory Services function delivers tailored advisory, structuring, capacity-building, and policy support across areas including Islamic finance, international trade, digitalisation, climate mitigation, and Shariah compliance. #receivables finance