AlHuda Center of Islamic Banking and Economics (CIBE), a global leader in Islamic finance education and advisory, has entered into a strategic agreement with Autosoft Dynamics, Pakistan’s foremost banking technology solutions provider, to introduce a comprehensive end-to-end Shariah-compliant Islamic Banking Suite. This milestone collaboration is poised to revolutionize the Islamic banking ecosystem by offering innovative, customizable, and regulation-ready core banking solutions tailored for both new setups and conversions in the banking, non-banking, microfinance, and lending sectors.
The partnership aims to meet the increasing global demand for advanced Islamic banking systems by combining AlHuda CIBE’s industry expertise with Autosoft Dynamics’ technological capabilities. Together, they plan to bridge the existing gap in the availability of high-quality Shariah-compliant banking infrastructure, particularly in emerging Islamic financial markets.
Commenting on the partnership, Mr. Muhammad Zubair, CEO of AlHuda CIBE, said, “We are excited to join hands with Autosoft Dynamics. This collaboration is a significant step in revolutionizing the global Islamic banking sector by providing specialized and advanced solutions tailored for specific markets and aligned with local regulations and statutory compliance. Our goal is to equip financial institutions with the best tools to enhance efficiency, transparency, and adherence to Islamic financial principles.”
This agreement builds on a relationship of over two decades between the two organizations, reinforcing their shared commitment to the development and adoption of innovative Islamic financial technologies. AlHuda CIBE has long been at the forefront of Islamic finance capacity-building, while Autosoft Dynamics brings with it a strong legacy of delivering robust financial automation solutions.
Autosoft Dynamics, now part of Canada-based Constellation Software Inc. (CSI) — one of the largest software groups globally — operates in over 100 countries and supports financial institutions across commercial banking, microfinance institutions (MFIs), and development finance institutions (DFIs). With more than 3,300 successful banking site installations across the Middle East, Asia, and Africa, Autosoft continues to lead digital transformation through its next-gen architecture comprising microservices, API-driven open banking frameworks, and scalable deployment options, including cloud, on-premises, and hybrid models.
Mr. Shahzad Rafique, COO of Autosoft Dynamics, highlighted the technological ambition behind the collaboration, stating, “We are excited to collaborate with AlHuda CIBE to offer a world-class Islamic Banking MIS system. Our mission has always been to provide financial institutions with innovative and efficient solutions. With this partnership, we aim to support the growing Islamic banking industry with advanced technology that meets the highest global and Shariah standards.”
The introduction of this end-to-end Islamic banking suite will enable financial institutions to adopt a future-ready platform that supports compliance, improves customer experience, and reduces implementation risk. It’s particularly relevant as the demand for Shariah-compliant banking rises not only in Muslim-majority countries but also in diverse financial markets that cater to Islamic finance customers globally.
This initiative also reflects the increasing convergence of financial technology and faith-based finance, showcasing how collaborative innovation can shape the next chapter of Islamic banking. As more countries seek to strengthen their Islamic finance infrastructure, partnerships like this are likely to play a pivotal role in building resilient, inclusive, and compliant financial systems.