Intellect Design Arena Limited has officially announced the launch of eMACH.ai Islamic Banking, a comprehensive cloud-native platform designed specifically for Islamic financial institutions. The announcement was made through a formal press release dated April 15, 2026, filed under Regulation 30 with stock exchanges.

Platform Architecture and Compliance

The eMACH.ai Islamic Banking platform is built on a cloud-native, microservices-based architecture with "Shariah by design" principles. The platform addresses the limitations of existing Islamic banking solutions that rely on legacy systems and superficial Shariah "bolt-ons" lacking necessary controls and regulatory requirements.

Core Banking Capabilities

The platform delivers a comprehensive suite covering every facet of the banking ecosystem. The Core Transaction Engine offers DIY configurable accounts including Wadiah, Mudarabah, and Wakala, facilitating quick go-to-market strategies and real-time ledger management.

The Islamic Pool Management capability utilizes embedded AI for forecasting, profit management and distribution, and zakat management. The Islamic Financing capability supports the entire financing lifecycle for instruments like Murabaha, Operating Ijarah, Ijarah Muntahia Bittamleek, Musharakah, Tawarruq, Istisna'a, and Qard Hasan.

Technology Integration and Features

The platform offers modular flexibility through its composable architecture, allowing deployment of a full Islamic core or select standalone modules without backend dependencies. Its headless architecture ensures seamless integration with any digital banking platform and third-party FinTechs, providing 24/7 real-time processing.

Key technological features include AI-powered journeys for origination, Islamic financing, analytics, and forecasting of profit calculation and distribution. The platform automates the entire profit-sharing lifecycle from calculation to approval and distribution, while providing Smart Shariah Accounting with configurable entries aligned with prescribed guidelines.

Management Commentary

Rajesh Saxena, CEO of Intellect Consumer Banking, emphasized the platform's significance: "The Islamic finance industry has long been underserved by rigid, monolithic architecture that struggles to provide Shariah integrity, flexibility and scalability. eMACH.ai Islamic Banking platform represents a fundamental shift: it is purpose-built on 'Sharia by design code,' where the architecture itself is natively designed for Islamic banking."

Saxena highlighted the platform's implementation efficiency, stating it enables "6-9 months of implementation time, finally resolving the friction between high-growth financial aspirations and the operational complexities of Shariah compliance."

Intellect Design Arena Limited has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The company filed the mandatory compliance certificate with both the National Stock Exchange of India Ltd. and BSE Ltd. on April 3, 2026.

Regulatory Compliance Filing

The compliance certificate was filed under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Prakash Bharadwaj signed and submitted the document digitally on April 3, 2026.

Registrar Confirmation

Cameo Corporate Services Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate on April 2, 2026. The certificate confirms that all securities received from depository participants for dematerialization during the quarter were properly processed.

Compliance Confirmations

The registrar confirmed several key compliance aspects for the quarter:

• Securities received for dematerialization were confirmed to depositories within required timeframes
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within stipulated time limits

Documentation Process

The compliance certificate represents standard quarterly regulatory filing requirements for listed companies. The document ensures transparency in the dematerialization process and confirms adherence to SEBI guidelines for handling investor securities during the quarter ended March 31, 2026.