Solutions
Banking on Faith: Islamic Banking in the Middle East
Islamic banks are on the threshold of a historic opportunity. The emergence of clear standards and a common framework is the need of the hour.Download
Risk & Compliance Management in Islamic Banking
Unlike conventional banks, Islamic banks share business risks with investors and borrowers.The fundamental difference from a risk perspective, is in the nature of risk sharing....Download
Transforming to Win
Know how transition of the vendor to ‘trusted transformation partner’ with end-to-end capabilities and credentials is vital and know the key aspects that should drive vendor selection.Download
Banking the Unbanked: Going Mobile
Mobile and e-banking solution is emerging in a big way as it enables convenient, fast, simple and secure branchless banking.Download
Strategic Agility Planning for Banks
Today, the banking industry needs greater agility to address challenges such as vulnerability to economic cycle vagaries, transient customer …Download
Islamic Banking
Finacle Islamic banking solution offers an integrated and comprehensive approach for banks to define
and present Shariah-compliant products to customers. Strong product definition features, support for
Islamic accounting and complete traceability for audit differentiate the solution. Completely self-contained,
it is replete with the accounting backbone to support back office functionalities and provides Straight
Through Processing (STP) capabilities on a SOA platform.
A single solution built on the standard technology infrastructure available for conventional banking;
Finacle Islamic banking solution addresses both Islamic banking and international needs. Developed
with incisive insight into the Middle East, Far East and European markets, the solution is truly
geared to address region-specific Islamic banking requirements.
Key Modules
- Islamic Asset Products
- Islamic Liability Products
- Mudarabah Pool Management and Profit Sharing
- Hijri Calendar
Business Benefits
Differentiated Product Spread
Finacle Islamic banking solution offers a flexible and varied feature repertoire for banks to design
and deploy products for varying market segments, based on different Islamic concepts including Mudarabah,
Murabaha, Ijarah, Istisna and Tawarruq. The solution also offers a wide range of possibilities for
business users at the bank to create products and embellish them with innovative features.
Lowered Total Cost of Ownership (TCO)
The solution’s custom-definable watertight modules address both international and Islamic banking needs.
This empowers banks with the flexibility to define and change the organization structure, offering
Islamic banking as an add-on product at a branch of choice, and then converting it to an independent
Islamic banking unit, if required. Proven scalability and robust performance for both conventional
and Islamic banking are assured. All of this results in significantly lowered TCO for the bank.
Greater Process Efficiency
The solution is powered by the BPEL and BPML compliant workflow engine. This, coupled with high
parameterization capabilities, results in greater process efficiency, better risk mitigation and
supports rapid roll out of Shariah-compliant products.
Solutions
Core Banking
Islamic Banking Brochures
