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Commodity Request

Commodity request is the initial step in the Islamic financing workflow. This request begins when the customer approaches the financial institution to buy an asset.

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Payments

The payment system manages all Islamic payment activities such as payments to vendors, retention, rebate, cost counter-party, broker, and different transact applications handles the reviewer amounts.

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Manage Limit and Collaterals

This topic explains service operations related to limits and collaterals.

Payment Holiday

You can request a payment holiday when a customer faces financial hardship and is unable to repay on their Islamic finance arrangement. This option allows them to skip a specified number of future repayments.

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Finance Maintenance

Finance maintenance involves various activities, including monitoring payment schedules, handling profit calculations, repayments, and so on.

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Migration

Migration is the process of moving data from a legacy system to a new system. Migrating finance arrangements involves,

Manage Transactions

This topic explains the service operations and associated APIs involved in managing various transactions related to a finance arrangement.

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Payments

The payment system manages all Islamic payment activities such as payments to vendors, retention, rebate, cost counter-party, broker, and different transact applications handles the reviewer amounts.

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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.

Delinquency Management

IES handles past due finances where the bank prefers to charge off or write off on account of contingencies.