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.
Asset Pre-approval or Purchase
Asset Pre-approval or Purchase
The credit evaluation team evaluates the requested asset details, obtains quotations from different vendors, and approves the asset purchase at their discretion.
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).
Asset Request
Asset Request
Asset request is the initial step in the workflow when the customer approaches the financial institution with the asset specifications.
Migration
Migration
Migration is the process of moving data from a legacy system to a new system. Migrating finance arrangements involves,
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.
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.
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.
Create a Musawama Finance
Create a Musawama Finance
You can create a Musawama finance using the customer number, currency, and contract reference number once the asset has been purchased and is ready for sale, to the customer.