Istisharat the Islamic life insurance system creators

LIRIS Takaful

Life Takaful and Retakaful Integrated Computerized Insurance System

LIRIS Takaful and Retakaful is a core insurance system designed for the management of Islamic life business insurance companies.


LIRIS Takaful and Retakaful is a fully developed system covering all Islamic life insurance business company's operations including product, client and producer administration, front office, contributions, commissions, loans, reinsurance, unit accounting, claims,

surplus calculation and distribution, accounting and reportng.


LIRIS Takaful and Retakaful system is designed in accordance with Sharis’s rules and law and is aligned to

Islamic Accounting (AAOIFI) and International Accounting (IAS) standards 

while meeting local specifications.


LIRIS Takaful and Retakaful is available on Oracle multitier web platforms in premises or "On Cloud".


Main Functions

LIRIS Life Takaful is a complete and comprehensive application for the administration of Islamic life business insurance companies.



LIRIS Life Takaful design principles:

  • Integrated modules and calculations
  • Central administration of Clients and Producers

           - Clients

           - Producers and Agents

  • Flexible product development

           - Products for all lines of business

  • Complete On-line history:

           - Policy

           - Installments

           - Payments

           - Reinsurance



LIRIS Life Takaful nucleus module:

  • Security
  • General Codes and Parameters
  • Policy, Client and Producer Administration
  • Accounting
  • General Ledger
  • Reporting
  • Document Management



LIRIS Life Takaful main modules:

  • Nucleus
  • Front Office
  • Product Definition
  • Product Management
  • Contributions
  • Commissions
  • Loans
  • Reinsurance
  • Units Accounting
  • Claims
  • Surplus Calculation and Distribution

General Features

  • Secure
  • Secured Access and Log-on
  • Password complexity check
  • Multilingual and Multi-Alphabet
  • Customer centric
  • Flexible, evolving and fully parameterized
  • Customizable with dynamic workflow engine
  • User friendly with automated capabilities
  • Comprehensive with clearly defined functionality
  • Interactive and Online real time
  • Aligned to international and local standards
  • Comprehensive information with 360° views
  • Rich set of reports with drill down to details
  • Open for BI tools for ad hoc reports
  • Straight through processing
  • Ease of integration through standard APIs
  • Reusable components web and micro services
  • Full audit trails logging all interactions and approvals
  • State-of-the-art open platform
  • Modern web multi-tiers technology
  • High availability and proven scalability architecture
  • Scalable, Centralized and Decentralized