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
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