Sopra Banking for Islamic Banking: a complete solution for Islamic finance

7 November 2014

Islamic finance is experiencing strong growth all over the world. Banks in this sector must confront several challenges, including the need to propose new products that respect Sharia principles. Always at the forefront of innovation, Sopra Banking Software helps Islamic banks meet these challenges while accompanying them in the development of their activities.

Thanks to its experience and expertise, Sopra Banking Software can offer Islamic financial institutions solutions that meet their specific local and regional needs while respecting Sharia principles. The strength of our dedicated teams lies in their cross-disciplinary implementation, delivery, integration and support skills, coupled with a detailed knowledge of Sharia.

Our Islamic banking solution covers the entire spectrum of Islamic finance, and is made up of three principal segments: Islamic investments, Islamic deposits and profit distribution.

ISLAMIC INVESTMENTS

â–  Financing by participation (profit sharing): moucharaka , moudharaba, mouzara’a, moussakat 
â–  Commercial financing: mourabaha, salam, istisna’a 
â–  Financing by leasing: ijara’a -simple, ijara’a -sales

ISLAMIC DEPOSITS

â–  Deposits on request, current accounts and savings accounts 
â–  Investment accounts or profit sharing investment accounts (PSIA) 
â–  Unrestricted accounts 
â–  Restricted accounts

PROFIT DISTRIBUTION

â–  Equity funds 
â–  Islamic deposits

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development