Murabaha is the most frequently used form of finance in Islamic banking throughout the world. It is used, for example, for financing different investment activities of customers with regard to the manufacturing of finished goods, procurement of raw materials, machinery, and other required plant and equipment purchases.

Our system allows a bank to purchase assets and sell them to customers; the difference between the price it pays to the supplier and the price paid by the customer forms the profits of the bank.

Profit margins, in addition to other terms of repayments, should be agreed between the two parties.

Our MURABAHA system includes:

        • Retail and Corporate features.
        • Car finance, house finance, real estate finance, etc.
        • Handling purchase order, receiving and delivering goods.
        • Handling multiple profit calculation methods.
        • Building flexible deferred repayment schedule.
        • Handling installments settlement fully or partially.
        • Handling Installments postponement.
        • Option to reschedule Murabaha.

BANKS Supports Salam which revolves around the purchase of commodity for deferred delivery in exchange for immediate payment. It is a sale in which the price, known as the Salam capital, is paid at the time of contacting while the delivery of the item to be sold, known as al-Muslam fihi (the subject-matter of a Salam contract) , is deferred.

Our Al-Tawarruq module allows purchase and ownership of a product from a second party on a deferred payment according to the Islamic Murabaha system, and then enables the purchaser to resell the product to a third party for profit.

Includes:

       • Retail and Corporate
       • Handling purchase order, receiving and relivering goods.
       • Handling multiple profit calculation methods.
       • Flexible deferred repayment schedule.
       • Handling installments settlement fully or partially.
       • Handling Installments postponement.
       • Option to reschedule Tawarruq.
       • Selling goods to different vendor to obtain cash.

Our module arranges for processes by which an Islamic bank leases particular assets to a client, and therefore the ownership of these assets is transferred to clients against an agreed rental amount.

Includes:

       • Retail & Corporate
       • Full description for the leased asset
       • Building flexible rental payment schedule
       • Handling multiple Ijarah rental periods
       • Handling contracting and ongoing expenses
       • Option to reschedule Ijarah contract
       • Option to link Ijarah with Istisna’a (Ijarah Mawsufah)

Our Istisna’a system supports those contracts whereby a bank undertakes to support the production of specific goods and services, made according to certain agreed-upon specifications at a determined price and for a fixed date of delivery.

Includes:z

      • Parallel Istisna’a
      • Handling payments to contractors
      • Handling consultants information and payments approval
      • Handling contracting and ongoing expenses
      • Handling retentions
      • Building flexible deferred repayment schedule
      • Option to settle installments fully or partially
      • Option to postpone installments
      • Option to Reschedule Istisna’a’

Our Musharaka module supports Islamic financing tools based on Islamic partnership contracts, whereby an Islamic bank enters into venture partnership with one or more parties to achieve mutual profit.

Our system allows control of Profits, so that these are distributed between partners according to an agreed ratio while loss is distributed according to the exact share of each partner.

Equally, we enable sophisticated options such as Diminishing Musharaka - another form of Musharaka where the share ownership in the partnership is divided into a number of units and it is understood that the customer will purchase these units one by one periodically, thus increasing his own share till all available units are purchased by him.

Our Mudaraba system is a fully automated system that will handle the bank investment through a partnership established between the provider of funds (Bank) and the receiver (known as the “mudarib”).

BANKS supports Qard Hasan which is an interest-free loan given for welfare or social purposes.

The customer is obligated to repay back the principal amount of the loan without any additions or profit.

This type of Islamic loans given to the needy people and for short-term requirements.

Islamic banks accept customers’ deposits on the basis of Mudaraba.

Profit sharing system have a set of parameters which are responsible for collecting profit received from different facilities such as Murabaha, Ijarah, Istisna’a, etc along with expenses incurred during the period.

The system will perform profit distribution on a monthly basis using predefined Mudaraba ratios and competitive Mudaraba ratios until the end of payment period.

The system allows users to experience different results of profit distribution before paying profit to depositors using “what if” analysis functions, which will allow users to change the parameters that affect payments - such as payment rates, Mudaraba ratios, etc.