CURRENT FORMS OF ISLAMIC CONSUMER FINANCING INCLUDE

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SINGLE/BULK TRADING It allows banks to choose either the bulk purchase of Sukuk for Murabaha financing on an expedited basis, or to request individual batches of Sukuk tailored to individual client requests. IT INFRASTRUCTURE It is an innovative system that is compatible with most banks’ core systems, covering the finance, operations and reporting functions. It also includes ready APIs for executing transactions and managing customer information, without disrupting the bank’s front-end systems. REPORTING REQUIREMENTS It provides records from end-to-end for Shari’a boards to verify compliance with the approved structure. It facilitates a comprehensive audit that ensures the process satisfies the fatwa followed by Shari’a boards.

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with a highly effective product-based reporting system for controls and reconciliation. It is a highly robust system that is built to become a streamlined component of your bank’s financing product lineup.

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