Finacle Islamic banking offers a range of Shariah-compliant financial products that conform to Islamic ethics and the contractual mechanisms that bind them.
While helping address the current needs of the burgeoning Islamic banking segment, the solution is flexible to change with scaling business needs and offers end-to-end banking functionalities.
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.
Certified compliant by Al Futooh Consultancies with Shariah rules & AAOIFI standards
Enables the bank to define and offer a range of asset products
Manage funds by accepting deposits and deploying funds appropriately
Supports two main versions of the calendar adjusting the number of days per month
Captures Salam sale and parallel Salam agreement details at account level including commodity and seller details
Integrates lifecycle workflow and accounting entries applicable for Ijarah and forward Ijarah concepts, from asset procurement to closure of financing account
Finacle Islamic banking solution offers an integrated and comprehensive approach for banks to define and present Shariahcompliant products to customers.
The Finacle Core Banking solution provides banks a comprehensive set of capabilities, including flexible product factories, extensive parameterization, and product bundling.
With this solution, your bank can be enabled to acquire and service customers, through the internet, mobile phone or call center channels, without the need for brick and mortar infrastructure. It supp