Phenomenal growth of Islamic banking support the need for greater technological innovation to become a significant force in global financial markets to have

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• Differentiated customer services

• High Scalability

• Parameterized Solutions

• Competition Advantage

• Increased market share & customer base

• Sharia law compliance

 

But while taking new IT initiatives Banks & financial institutions face various challenges

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• Shortage of experts in Islamic banking

• Absence of accounting (and auditing) standards relevant to Islamic banks

• Lack of uniform standards of credit analysis

• Differences with central banks

• Variability  within domestic banks, foreign banks &  Islamic banks

• Instruments that encounter the demand of specific investment requirements

• The product development needs to be upgrade and moreover consistency is essential in product structure

• Development of corporate governance and risk management practice

• Correction of  standard  tax authorities  to connect  the needs of Islamic products and create a level playing field with conventional products

 

How we help

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• Domain Expertise in Islamic Banking

• 100% Functional coverage of documented performance in Software Testing

• Upto 90% off shoring

• Domain perspective to Test Automation

 

How you benefit

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• Satisfied Business Users

• Happy End Customers

• Shorter schedules

• Lower Product life cycle costs

• Lowered transaction costs

• Avoiding Imputed costs of defects

• Lower repair costs

• Downtime costs

• Fewer maintenance staff

• Image, Brand Value

• Auditability

 

Competency in Testing Modules

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• Mudarabah ( or deposits and investments)

• Murabahah (cost plus financing )

• Ijara ( or leasing )

• Musharaka ( or Equity participation )

• Istisna ( or Deferred Sale Financing )

• Other products like

• Sukuk ( or beneficial ownership )

• Money Market Murabaha (treasury )

• Wakalah