Introducing Estimator9-S: A Fully Shariah-Compliant IFRS 9 Solution

What does it mean to understand Shariah-compliant IFRS 9?

The financial world has witnessed a significant shift as Islamic financial institutions increasingly adopt international accounting standards while ensuring alignment with Shariah principles. One of the most crucial of these standards is IFRS 9 complince software – Financial Instruments, which addresses the classification, measurement, and impairment of financial assets. However, applying IFRS 9 within the framework of Islamic finance poses unique challenges.

Shariah-compliant finance prohibits:

• Interest (Riba)
• Speculative transactions (Gharar)
• Unethical investments

Instead, it promotes risk-sharing contracts like Murabaha, Mudarabah, Ijara, and Sukuk. These instruments require special treatment under IFRS 9, particularly when it comes to Expected Credit Loss (ECL) modeling, contract structuring, and risk assessment.

To meet these dual demands—compliance with IFRS 9 and adherence to Islamic principles—a specialized approach is required. That’s where Estimator9-S steps in.

What is Estimator9-S???

Estimator9-S is a purpose-built, Shariah-compliant IFRS 9 solution designed to serve Islamic banks, Takaful companies, and other financial institutions operating under Shariah governance.

Built on the foundation of our proven platform, Estimator9-S incorporates unique adaptations that align with Islamic finance, including:

What are the What Are the Key Features??

How do How Do Contract-Specific ECL Models Work? work?

Tailored for Islamic contracts such as Murabaha, Ijara, and Salam, Estimator9-S supports ECL models that reflect the true nature of risk without breaching Shariah restrictions.

Automated Classification & Measurement

Accurately handles profit-based instruments, asset-backed contracts, and deferred payment structures—without misrepresenting them as interest-bearing assets.

Auditable & Transparent

Designed to meet AAOIFI and IFSB guidelines, Estimator9-S ensures transparency and auditability for both internal and external stakeholders.

Cloud-Ready & Scalable

Hosted on a robust, secure platform with high scalability for institutions of all sizes across EMEA, GCC, and Asia.

How is the solution How Is the Solution Validated by Shariah Experts??

Estimator9-S has been reviewed and vetted by certified Shariah scholars to ensure full compliance with Islamic principles.

Who Should Use Estimator9-S?

• Islamic Banks
• Takaful & Retakaful Firms
• Islamic Microfinance Institutions
• Shariah-Compliant Investment Firms

Whether you’re in the process of IFRS 9 transition or optimizing existing compliance frameworks, Estimator9-S provides a powerful, future-proofed foundation.

Let’s Talk

Estimator9-S is more than just an adaptation—it’s a strategic solution crafted to solve real challenges in Islamic financial reporting. Contact us today to explore how we can help you streamline IFRS 9 compliance, without compromising your core principles.