Payments and acquiring
Merchant acquiring, gateway and APIs, POS and contactless, mobile wallet, cross-border remittance.
Your partner for Shariah-compliant business
Your payments, cards, expense management, business software and working capital managed by one platform.
In partnership with
A single platform for the SME economy
Maghanim is not a payment service provider with additional products attached. It is an integrated commerce platform on which an SME can accept payment, issue cards, manage travel and expense, run its business software and access Shariah-compliant finance — without stitching together four vendors.
Cards and expense
Islamic debit, credit and prepaid cards, Card-as-a-Service, corporate expense and supplier payments.
Business management
Odoo ERP, accounting and payroll, CRM and inventory, HR and business automation.
Embedded finance
Working capital, Murabaha-based SME finance and blended finance structures.
One platform, four capability groups
Turn the dial. Maghanim carries the SME relationship and the Shariah governance; each regulated capability is supplied by the licensed institution named beneath it.
Accept payment wherever the business happens
One merchant relationship covering the shop floor, the phone, the checkout page and the invoice.
- Merchant acquiring
- Payment gateway and APIs
- Mobile wallet and P2P transfer
- POS and contactless
- Cross-border remittance
- Multi-currency and FX
Provided with Arab Financial Services and Flocash Ltd
How B2B travel settlement works
A five-step flow that replaces cash, deposits and guarantees with a controlled, single-use card payment.
01
Onboard
The travel business is registered and its corporate account is opened.
02
Fund
The wallet is loaded using local payment methods or a linked bank account.
03
Issue
A single-use virtual card is issued against the funded balance.
04
Book
The booking is completed with the virtual card through existing channels.
05
Settle
The supplier is paid immediately and settled by its existing acquirer.
Outcome
The supplier receives cleared funds immediately and carries no counterparty credit risk. The travel business releases the capital previously tied up in deposits and guarantees, and gains transaction-level expense control it did not have under cash settlement.
Built on regulated infrastructure
Maghanim does not seek to replicate licensed banking or processing infrastructure. It integrates it. Each partner supplies a regulated capability; Maghanim supplies the SME relationship, the product design and the Shariah governance layer.
Flocash LtdTechnology partner
Unified commerce and payment platform, ERP and CRM integration, supplier payments, corporate travel solutions
Contracted
Mawarid FinanceBanking-as-a-Service partner
BIN sponsorship, card issuing, merchant acquiring, Card-as-a-Service
Contracted
Arab Financial ServicesPayment solutions provider
Card processing and issuing, merchant acquiring, open banking, fraud and risk management, SoftPOS
Contracted
OdooDigital transformation partner
Certified ERP, accounting, CRM, payroll, inventory, HR and business automation
Certified partner
Governance, compliance and operating model
Maghanim is a Dubai-based entity under a regional holding structure, with independent Shariah oversight of product design and disclosure.
Corporate governance
- Dubai-based entity under a regional holding structure
- Board of Directors with defined committee mandates
- Independent Shariah Supervisory Board
- Business Advisory Board of international specialists
- Annual governance review and ESG subcommittee
Compliance framework
- Shariah governance over product design and disclosure
- Payment card industry data security standards
- Information security management standards
- Anti-money-laundering and know-your-customer controls
- Encryption, fraud detection and independent audit
Operating model
- Lean, cloud-based and technology-driven
- Digital onboarding with AI-assisted customer support
- Non-core operations outsourced
- Internal focus on sales, partnerships and product
- Direct B2B sales with industry relationship managers
Industry engagement
Engagement with AAOIFI, the Islamic Financial Services Board and CIBAFI on standards, governance practice and market development.
Start with one conversation
Tell us what the business runs on today — the terminals, the cards, the accounting, whoever handles the financing. A relationship manager will come back to arrange a meeting.
Dubai, United Arab Emirates