Islamic Banking Systems

Islamic Banking is a system of banking compliant with Islamic Sharia law. A fundamental difference is that the charging and receipt of interest is forbidden in Islamic law (Usury).

Company: Finastra
Create the future of your Financial Institution. Banking software solutions for a fast-evolving market Retail banking is changing at unprecedented speed. Success depends on satisfying the demands of the digital-savvy consumers and leveraging emerging technologies, while complying with tougher regulations – and constantly innovating. It’s a tough to-do list. Finastra retail ...
ETHIX-Sukuk is the system of choice for banks and financial institutions that want to cut cost and time by consolidating their investment business into a single platform allowing ease of access. ETHIX-Sukuk is a comprehensive and highly customizable system that enables banks and investment institutions to manage the full cycle of Issuance of Sukuk and the trading of Sukuk. ETHIX-Sukuk ...
ISLAMIC BANKING & ETHIX-FINANCE Islamic Banking is one of the fastest growing sectors in the global financial services industry today. Islamic banking has emerged as a new reality in the international financial scene. Even in the midst of a global economic crisis, Islamic banks have weathered the storm proving its stability and effectiveness. Driven by strong demand on both the ...
Profit distribution is a very critical function, which has large effect on the bank’s reputation and market share. Most of the customers, depositors and investors are always looking for a low risk investment with a higher profit rate, to secure their money with a good return. Few investors have an appetite for higher risk investments. Accordingly, banks are looking for an accurate way to ...
Data Archiving is a process of ooading the unused/inactive/dormant data from the online database and store it in an alternate storage system, such as magnetic tapes or hard disks. Archiving has many advantages like performance improvement, availability of storage space, reduced maintenance costs, etc. Though archiving has advantages, organizations cannot create archives at any time it desires. ...
Company: Path Solutions
iMAL is a new generation of comprehensive Enterprise Islamic Banking and Investment Sys- tem addressing the in-depth business functionality and the state-of-the-art technology in a single, highly integrated front, middle and back office system, providing an effective Straight Through Processing-STP. iMAL is based completely on the Sharia guidelines and is AAOIFI (Accounting and Auditing ...
Company: Path Solutions
iMAL*iWindow is a solution for Islamic windows operations in conventional financial institutions. iMAL*iWindow empowers conventional financial institutions in going into new business opportunities and allowing them to reach new potential customers, maximize their investments and efficiency while being in full compliance with Shari’ah regulations. The system functionalities cover ...
Company: Path Solutions
iMAL*CRMPlus is a web-based application for supporting processes implemented by a financial institution when handling customers’ contacts. It also caters for storing information on current and prospective customers. Information in iMAL*CRMPlus can be accessed by employees from different departments, such as sales, marketing, customer service and performance management. It is based on ...
Company: Path Solutions
It is not just a standard CSM system. It is an electronically delivery channel for all the bank products and services. It empowers the bank to offer all services and products on the counter. The system covers the following main areas: • Standard Retail operations, such as deposits,withdrawals, checkbook requests, etc.. • Complete requests’ management, whichempowers the bank to ...
Company: Path Solutions
Financial facilities pre-approval process, is one of the most important processes in the bank, whereby several issues should be addressed,such as data accuracy, application filtering, data availability and time-to-respond to the customer. This is achieved with the use of the iMAL*FacilityManagement System, where: • Customer applications are processed in the system either by the user or ...
Company: Path Solutions
The module caters for corporate and retail Islamic investment and financing; in specific banks, mutual funds and customers restricted and unrestricted investments. It handles operations from front office to back office, along with related reporting at different levels, such as maturity and investment analysis. The system is highly parameterizable, and handles all instruments, such as Murabaha, ...
Company: Path Solutions
It is the Core of iMAL. It handles on balance sheet and off balance sheet accounting.The system is fully parameterizable, caters for multiple companies/books, multiple branches, multiple currencies, multiple cost and profit centers.The system enables the user to process all kind of transactions at both levels, on and off balance sheet levels, such as standard journal vouchers processing, ...
Company: Path Solutions
iSHRAQ*Microfinance module enables financial institutions to run the mass retail services that comprise microfinance and community banking at lower cost. The system delivers high security, efficiency, resilience and cost savings for financial institutions assisting them to develop loan programs to finance projects, training and education.  iSHRAQ*Microfinance Loan Programs Business ...