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Tuum expands Islamic Banking Suite with new cloud-native modules, launching at Seamless Middle East

Dubai, UAE – Tuum, the next-generation core banking provider, is set to unveil its comprehensive Islamic Banking suite at Seamless Middle East, reinforcing its commitment to empowering financial institutions with cutting-edge, Sharia-compliant banking solutions. This marks a major milestone following last year’s announcement of Tuum’s foundational Islamic Banking capabilities. The Islamic finance sector is projected to reach $5.9 trillion by 2026, driven by increasing demand for ethical, interest-free financial services across both established and emerging markets. However, legacy technology limitations, coupled with a lack of scalable digital solutions, have hindered Islamic banks’ ability to modernize, innovate, and meet evolving customer expectations. Innovation and Compliance: Advancing Islamic Banking with Modern Technology Tuum’s Islamic Banking suite is designed to empower financial institutions with a cloud-native, highly flexible, and scalable platform that ensures seamless compliance with Sharia principles. Built to support both fully Islamic banks and Islamic banking windows, Tuum’s modular core enables institutions to launch and scale Islamic banking products with agility.