Islamic Banking Systems

Islamic Banking is a system of banking compliant with Islamic Sharia law. A fundamental difference is that the charging and receipt of interest is forbidden in Islamic law (Usury).

Company: Finastra
Create the future of your Financial Institution. Banking software solutions for a fast-evolving market Retail banking is changing at unprecedented speed. Success depends on satisfying the demands of the digital-savvy consumers and leveraging emerging technologies, while complying with tougher regulations – and constantly innovating. It’s a tough to-do list. Finastra retail ...
ETHIX-Sukuk is the system of choice for banks and financial institutions that want to cut cost and time by consolidating their investment business into a single platform allowing ease of access. ETHIX-Sukuk is a comprehensive and highly customizable system that enables banks and investment institutions to manage the full cycle of Issuance of Sukuk and the trading of Sukuk. ETHIX-Sukuk ...
ETHIX Finance  Adapt | Innovate | Deliver The fully Shari’ah-compliant ETHIX-Finance Module is designed to meet the needs of today’s Islamic banking and finance industry. Designed with a focus on ensuring a short time to market and low cost of ownership, the ETHIX Finance Module facilitates product and service innovation, and allows organizations to focus on creating new ...
Profit distribution is a very critical function, which has large effect on the bank’s reputation and market share. Most of the customers, depositors and investors are always looking for a low risk investment with a higher profit rate, to secure their money with a good return. Few investors have an appetite for higher risk investments. Accordingly, banks are looking for an accurate way to ...
Data Archiving is a process of ooading the unused/inactive/dormant data from the online database and store it in an alternate storage system, such as magnetic tapes or hard disks. Archiving has many advantages like performance improvement, availability of storage space, reduced maintenance costs, etc. Though archiving has advantages, organizations cannot create archives at any time it desires. ...
ETHIX Digital Channels Secure | Seamless | Customized The ­financial services industry is on the cusp of complete transformation. Access to more data, and the availability of new technologies amongst other factors, has led to customers demanding a more customized, immediate and frictionless banking experience. ETHIX Digital Channels enables banks to serve their Corporate, Retail and ...
Bringing ‘Mini Branches’ to Life The eXtreme Teller Machine, or XTM, is an innovative delivery channel, and a key pillar of the bank digitalization era. As an alternative to the traditional bank branch, the XTM elevates any bank into the digital world, utilizing the current customer-base and attracting new customers fast. ETHIX XTM is in effect a mini branch. It combines visual, ...