Migration
Migration
Migration is the process of moving data from a legacy system to a new system. Migrating finance arrangements involves,
Create a Mudaraba Finance
Create a Mudaraba Finance
You can create a Mudaraba finance. The asset purchase process flow does not apply to Mudaraba finance, as the Financial institution acts as an agent to provide capital for the customer's business.
Repayment
Repayment
You can make the repayments on the scheduled repayment dates and also have the option to settle them in advance by providing your finance arrangement reference, debit account number, and payment amount.
Finance Management
Finance Management
In Murabaha bank purchases an asset on behalf of the customer and sells it to the customer with (purchase price + mark-up).
Finance Maintenance
Finance Maintenance
IES allows the users to make financial and non-financial amendments to Murabaha or cost-plus sale finance contracts as well as accrual-based products.
Migration
Migration
Migration is the process of moving data from a legacy system to a new system. Migrating finance arrangements involves,
Asset Request
Asset Request
Asset request is the initial step in the workflow when the customer approaches the financial institution with the asset specifications.
Repayment
Repayment
You can make the repayments on the scheduled repayment dates and also have the option to settle them in advance by providing your finance arrangement reference, debit account number, and payment amount.