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Islamic Banking is fast emerging as an alternative source of banking, with the products and services offered being fundamentally different from that of conventional banking.
As the industry expands, the demand for Sharia-compliant technology solutions has increased. However, the lack of uniformity in each banking system proves to be a major obstacle; each system is subject to multiple interpretations of the Sharia, thus introducing complications in the implementation process.
FLEXCUBE® for Islamic Banking supports unique requirements for Murabaha, Mudarabah, Ijarah, Istisna, Tawarruq, Salam, Qardhul Hassan, Musharaka and Sukuk investments.
It offers a wide range of functions, enabling the co-existence of Islamic and conventional banking on the same platform -- a key requirement for banks operating in both areas today.
In addition, our solution offers the following benefits:
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Compliance: fully compliant with Sharia |
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Flexibility: a highly parameterized solution |
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Rapid rollout for additional users and branches: streamlines growth-related bottlenecks |
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State-of-the-art customer-centricity: offers a single, consolidated view of a customer |
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Multilingual support: for personalized service |
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24 x 7 processing: offering the highest levels of availability |
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Reduced operational costs: via straight-through-processing and automated exception handling |
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High scalability: supporting consistent growth |
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Adaptability: to other channels and third-party solutions |
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