TCS BαNCS Islamic Banking

■ Savings Accounts

■ Wadiah Accounts

■ Current Accounts

■ Investment Accounts

■ Restricted Investments

 

A variety of financing arrangements based on flexible, agile and function-rich product configuration options are ably supported by the Islamic banking solution from TCS BαNCS such as:

■ Murabaha cost-plus financing

■ Tawarruq Sharia compliant liquidity financing

■ Ijara leasing

■ Istisna’a construction financing

■ Mudaraba profit sharing

■ Musharaka joint ventures

■ Al Rahn short-term financing

■ Salam forward purchasing

■ Kafala guarantees

■ Qard non-profit loans

 

TCS BαNCS also supports foreign exchange, remittances, payment cards, Islamic trade finance contracts including letters of credit based on Wakala, Mudaraba, Musharaka as well as letters of guarantee based on the Wakala concept. Furthermore, the solution offers functionalities for Islamic treasury operations such as commodity Murabaha, reverse

commodity Murabaha and Sukuks.