OVERVIEW
DataMate-Islamic Banking is a complete, multilingual, multicurrency, and calendar independent core Banking solution designed to support Sharia-compliant Islamic banking. DataMate-Islamic Banking gives a variety oftools and services that allow Islamic banks and different Sharia-compliant economic institutions to control their end-to-end operations throughout more than one client segments and delivery channels.
DESCRIPTION
Key Features
- KYC and Account Opening for all account types: Savings, Current, Checking, etc.
- Supports all deposit types: Mudarabah(Profit Sharing), Murabahah(Cost + Financing),
- Financing instruments likeSalaf, Ijare, Musharaka, Joale, Qarsol-Hassane, Mudarabe
- Term Loans: Conventional, Short, Medium and Long-term loans and Mortgages, and NPA Management
- Letters of Credit: Inland and Foreign, Irrevocable or Back to Back and Bank Guarantees
- Transactions: Cash Deposits & Payments, Inward & Outward Clearing, Transfers and fee calculation
- Bills: OBC/IBC, BP, BD, BD, FOBC, FIBC, FBP, FBN.
- Collateral Management: Security and Limit Maintenance, Transfer of Limits, Valuation of Security and Release of Security.
- Standing Instructions
- Profit Sharing
- Inter Bank and Intra Bank Funds Transfer, Daily Balancing of accounts, Withdrawal Conditionsetc.
- Identity documents like Signatures, photographs or as required by local laws.
