Sharia-compliant Digital Banking Solution

There are subtle & overt differences in Islamic Banking & Finance practices and regulations globally. KiyaAl Islamic Banking & Finance Solution is based on the principle of risk based returns and is capable of handling innovative and complex financial products that work on profit & loss sharing model. KiyaAl Islamic Banking Solution is aimed at providing quick go-to-market capability for businesses following the Islamic banking model in terms of enabling services through multiple delivery channels and implementing ready to use, yet configurable business processes. The solution can be implemented in a modular mode thereby helping the enterprise to automate critical business units on priority and cover its entire business in a phased manner.

Key Attributes

• Enterprise-wide data management and reporting
• A range of Forex activities, transactions and remittances
• Supports Hijri calendar to adjust number of days
• Effective resource management to manage funds and deposits
• Customizable & user-friendly front-end
• Compliance with the Shariah law, AAOIFI accounting standards, and IAS
• Transparency in returns and expenses between investors and financial institution

Value Delivered

• Robust Architecture
• Single Integration
• Customizable Framework
• Compliance & Principles
• Improved Flexibility
• Lower Cost