SERVICES AND DIRECTION

Sharia'a Banking System (SBS) is primarily designed to cater Islamic mode of Banking in Online and Real-Time processing network environment.

The modular design of the solution is flexible enough to act as a stand-alone Islamic Banking solution or may be seamlessly integrated with existing Banking application and/or any 4GL databases. SBS's ease of use is reflected in the way even complex, multi-step transactions are processed with minimum of efforts and keystrokes.

Also as part of standards, the built-in comprehensive error-checking and security procedures of SBS helps in eliminating potential security risks and errors. The modular design of SBS also allows customers to select and install the modules in totally flexible manner. The selection may be based on automation requirement priorities of the Bank or to satisfy particular automation need of single or multiple branches.

The General Ledger and Controller modules provide the core system environment and are the only mandatory modules of the system. The General Ledger module acts as central and focal point for integrating other system modules. The GL module also facilitates the availability of an environment for integrating and incorporating future expansions needs, by utilizing a flexible and standards based techniques. The Controller module provides a highly parameterized environment and act as a system integrator and security risk control module.

Salient Features

Our integration software enables disparate web-centric applications and services to work as one, and is delivered through a unified user interface.

The Digital Business Solution Platform enables:

• Caters and Supports Islamic Mode of Banking Operation.
• Completely Modular in Design.
• Transaction Processing is in On-line and Real-Time Mode.
• Fully Supports Off-Balance Sheet Items.
• Handle Morabahas, Ijaras, Automatic Accrual, Profit Distribution, etc.
• Integrates Products Based on Islamic Accounting.
• Maintains Relationship Between Assets and Liabilities.
• Complies with Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)
• LEGACY APPLICATION MODERNIZATION
• Complies with International Accounting Standards (IAS).
• Integrates with existing Banking Application.
• Provides Detailed Reports for Operation and Audit Purposes.

Architecture