Islamic Banking Solution

Overview

Shari'a Compliant Banking Software

Islamic Banking is a fast growing sector, expanding beyond the Middle East, Asia and Africa, where some Banks have turned to Islamic Banking services as a new approach to ethical banking, and therefore need Islamic Banking software to manage those services.

The Islamic Banking solution covers the full spectrum of functional requirements in accordance with the Islamic principles of Shari’a Law. It ensures full Islamic Banking offerings, featuring complete management of products and mechanisms to serve operations according to the Shari’a rules & standards. The Islamic Banking system offers compliance while providing flexibility and efficiency of operations, reducing costs, maximising productivity and delivering impeccable client service.

Key Features

Full Islamic product support based on the principles of Murabaha, Mudarabah, Musharaka, Ijarah, Istisna and Salam. The Bank may come up with variations of the above products using simple parameters
Complete product lifecycle management, from quotations management to facilities write-off. Different workflows may be dynamically defined for different products at any stage of their lifecycle to ensure compliance with the Bank’s policy
Multiple pricing policies can be created including fixed profit percentage, benchmark interest rates, units purchase, profit distribution and loss sharing
Real-time risk management allowing for rapid on-the-spot risk assessment
Advanced deposits management, covering restricted and unrestricted investment, Wadiah deposits, Time deposits, current accounts and more
Sophisticated profit distribution capabilities, supporting a virtually unlimited number of pools dynamically set up by the Bank, resulting in accurate and transparent distribution procedures
Integrated teller platform, covering all branch operations through a complete and modern environment
Complete support of the Arabic language including concurrent user support for ‘right-to-left’
Islamic financing to corporate and retail customers

Benefits

Key Features

Compliance to regional regulatory requirements
Single point of reference to accommodate future requirements when the Bank expands
Improved communication with customers due to powerful KYC and CRM tools
Operational efficiency due to its easy-to-use environment
Value for money when integrating to other systems

Islamic Banking Solution

Overview

Key Features

Key Features

Key Features

Benefits

Key Features

Key Features

Why choose our Islamic Banking solution?

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