TCS BaNCS for Islamic Banking supports sophisticated and flexible product manufacturing processes that allow banks to build new products rapidly and well ahead of the competition. It offers full range of banking products and services.
Encompassing Islamic products such as Murabaha, Musharaka, Istisna, Mudaraba, Ijara, as well as Takaful or insurance, the solution can help banks with:
Complete transaction life cycle support
Variety of deposits and financing arrangements
A wide range of foreign exchange activities, remittances, payment as well as card
360-degree views of the customer as well as of the bank
Enterprise-wide information relating to regulatory reporting, risk management
Compliance with the Shariah law, AAOIFI accounting standards, and IAS