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Islamic Banking

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

  • 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

  • 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

  • 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

  • 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

  • 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

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