iMAL*IslamicInvest enables Islamic financial institutions to offer a competitive range of Islamic financing products with total ethical confidence, with full operation automation starting from the facility request up to the end of the process, with powerful collection tracking and follow-up. Modules within the Islamic system allow an efficient recording, tracking and managing of financing transactions funded by the client’s restricted investment accounts and/or directly by the financial institution and for both retail and corporate financing operations:
- Processing of multiple Islamic financing products (Murabaha, Ijara -operating & financing-, Mudaraba, Tawarruq, Musawamah, Reverse Murabaha, Musharaka, Istisnaa, Salam, Project Financing); Murabaha LC Financing and other products.
The functionality covers the full cycle of trading tickets, financial tickets, authorization workflow and attachment of required documentation. The functionality is extended to cover all types of repayments e.g. grace period, bullet payments, fixed installments, irregular installments, pre-defined templates and past due management.