Islamic Financing Management
Islamic banking is based on the principles of Islamic law, values, beliefs and guided by Islamic economics. IDCORP has been able to offer all its banking products according to the Islamic core principles and based on the existing experience in this industry.
IDCORP is able to provide all Islamic banking services in form of an integrated Islamic banking system, and based on a service-based architecture with high flexibility.
Islamic Financing Management Operation Description
- Ijarah- wal- Iqtina (Hire Purchase) Contract
- Jo'ala (Service Fee) Contract
- Bay' al-Dayn (Sale of Debt or Liability) Contract
- Bay' Al-Salam (Deferred Delivery Sale) Contract
- Daman (Guarantee) Contract
- Bay' Al-Muajjil (Deferred Credit Sale) Contract
- Qard Al-Hassan (Gratuitous Loan) Contract
- Musharaka (Partnership) Contract
- Mudarabah (Profit/Loss Sharing) Contract
Islamic Financing Management Highlights
- Ability to set all parameters of each facility according to the bank`s financial policies
- Perform all calculations automatically
- Export all accounting documents automatically
- Open account requirements automatically
- Compatible with the existing structure such as Ledger Bank Facilities System
- Provide online facilities to manage the operations of the different branches
- Calculate profits, fines and collaterals automatically
- Ability to send messages to customers
- Ability to set records and receive document from clients
- Ability to receive automatic payment of deposit
- Sorting and storing all demands
- The possibility of rescheduling facilities
- Generate comprehensive reports on management facilities
- User-friendly graphical interface with very low volume
- Automatic update clients of branches
- Manage batch operations through the Web