Finacle Islamic banking solution offers an integrated and comprehensive approach for banks to define and present Shariah compliant products to customers. Strong product definition features, support for Islamic accounting and complete traceability for audit, differentiate the solution. Completely self-contained, it is replete with the accounting backbone to support back office functionalities and provides Straight Through Processing (STP) capabilities on a SOA platform.
A single solution built on the standard technology infrastructure available for conventional banking, Finacle Islamic banking solution has custom-definable watertight modules that can address both international and Islamic banking needs. It allows banks to define an organization structure conducive to current requirements while factoring in flexibility to change the structure with scaling business needs. This means Islamic banking can be initiated as an add-on product offering in a branch of choice, and eventually converted to an independent subsidiary Islamic banking unit, if required. Finacle Islamic banking solution, is developed from incisive insight into the Middle East, Far East and European markets, and is truly geared to address region-specific Islamic banking requirements.