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Home > Finacle > Finacle Islamic Banking Solution

Key features

Finacle Islamic banking has robust features that support Islamic accounting with traceability. A self-contained accounting backbone supports STP capabilities and addresses both international and region-specific banking needs.

International Accreditation

Certified compliant by Al Futooh Consultancies with Shariah rules & AAOIFI standards

Islamic Asset Products

Enables the bank to define and offer a range of asset products

Mudarabah Pool Management

Manage funds by accepting deposits and deploying funds appropriately

Hijri Calendar

Supports two main versions of the calendar adjusting the number of days per month

Salam and Parallel Salam

Captures Salam sale and parallel Salam agreement details at account level including commodity and seller details

Ijarah and Forward Ijarah

Integrates lifecycle workflow and accounting entries applicable for Ijarah and forward Ijarah concepts, from asset procurement to closure of financing account

Key benefits

  • Customizable product framework

  • Greater process efficiency

  • Lowered total cost of ownership (TCO)

  • Rapid roll out of Shariah-compliant products

Client Stories

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