Create a Account
Create a Account
Islamic Enterprise Services (IES) enables you to create savings accounts in any currency.
Add or Remove Account Holders
Add or Remove Account Holders
Banks allow multiple account holders (for example, joint holders) to be recorded on accounts and also allow these account holders to be modified during the life of the account.
Funding an Account
Funding an Account
Funding an account refers to the process of adding funds to a specific account or a financial instrument.
Overview
Overview
Islamic Enterprise Service (IES) offers pre-configured products and comprehensive service operations tailored to meet the needs of Sharia-compliant banking. These products include various forms of financing such as Murabaha (cost-plus sale), Ijara (leasing), and Musharaka (partnership).
Wakala Finance
Wakala Finance
Wakala finance is a type of Islamic bridge finance where the bank finances an immediate requirement of a customer without accruing any profit during the Wakala period. The profit-free period might differ for each customer.
Multi-Structured Products
Multi-Structured Products
Wakala Musawama is a structured product that offers retail investors convenient access to Islamic finance. The client who requires finance acts as an agent to acquire assets under a Wakala contract, and the asset is sold and financed under a Musawama contract.
Payments
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.
Upfront Profit Sale
Upfront Profit Sale
An upfront profit sale is a group of financial products in which the provider and the customer agree on the profit amount upfront. The Islamic Enterprise System handles the asset purchase workflow, which differs based on the type of Islamic financing.