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
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