Sharia-compliant, interest-free (riba-free) products: murabaha, ijara, musharaka. On the single MFSys core.
Clients want halal products, but the system doesn't have them: Sharia calculations are done manually, and compliance is hard to prove to the regulator and the Sharia board.
Ready-made murabaha, ijara and musharaka contracts on the MFSys core: interest-free, with a transparent deal structure and reporting the Sharia board can understand.
Income is formed through a mark-up, lease or profit share — not through loan interest.
Murabaha, ijara, musharaka, wakala — each with its own calculation and schedule logic out of the box.
Each product's structure is visible to the client: what is bought, the mark-up and the terms.
Product parameters are configured to the Sharia board's decisions, with a change log.
Separate accounting of halal products and forms for the regulator — compiled from the core.
Sharia products are available in the Mobile bank and Internet bank — without a separate system.
Choose a Sharia-compliant product — the ornament of light reassembles to its structure.
A direction in active development. The first pilot on Sharia products:
A direction in active development.
There is no loan interest (riba). The bank's income is formed through a mark-up on sale, lease payments or a share in the profit of a joint project.
Product parameters are configured to the decisions of your organization's Sharia board. The system keeps a change log for audit.
No. Islamic banking runs on the MFSys core, and the products are available in the same channels — Mobile bank and Internet bank.
Murabaha, ijara, musharaka and wakala. The set is extended on request to your organization's product line.
We'll show the structure of Sharia contracts and how they work on your core and in your channels.
