Products

 

Products

The system of Islamic banking is based on risk-partaking, retaining and managing of asset, involvement in the process of trading, leasing by using various Islamic contracts (modes of finance). By definition, Islamic banks deal with asset management for the purpose of income generation. They will have to carefully manage the risks involved in asset controlling by adhering to the best practices according to the Shariah laws.

Modes of Financing is a specialized technique of providing structured working capital and term loans which are tenable by accounts receivable, machinery, inventory, equipment, and real estate. Putting another way, asset based financing is a means for fast growing, cash-strapped business entities to congregate to their short term cash requirements. Generally, companies can use their assets for generating cash flow through the way of factoring or asset based loans. This form of funding is helpful for startup companies, financing growth, refinancing existing loans, mergers and acquisitions, and management buy-ins (MBIs) and buy-outs (MBOs). In spite of the stigma associated with using the assets to get cash, the asset based financing is becoming more popular every day.

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Modes of Investment is a specialized technique of providing structured working capital and term loans which are tenable by accounts receivable, machinery, inventory, equipment, and real estate. Putting another way, asset based financing is a means for fast growing, cash-strapped business entities to congregate to their short term cash requirements. Generally, companies can use their assets for generating cash flow through the way of factoring or asset based loans. This form of funding is helpful for startup companies, financing growth, refinancing existing loans, mergers and acquisitions, and management buy-ins (MBIs) and buy-outs (MBOs). In spite of the stigma associated with using the assets to get cash, the asset based financing is becoming more popular every day.

Our Value Propositions

What We Deliver

is as Important as How we Deliver. Saadiqin is a ‘Contract Based’ Islamic core banking system. It is carefully designed from inception based on Islamic contract and concepts to support Islamic Financial Institutions in automating their product transactions and processes to comply with the Islamic financing product development.

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Highly Parameterized

Highly Parameterized

The system caters for multiple views on the Shariah law.

Eliminates High Technical Cost

Eliminates High Technical Cost

Designed for Bank Business Administrators to configure their desired products.

Rapid Product Development

Rapid Product Development

Configuring a single product can be made within 3 days.

Contract Based

Contract Based

Product configurations commence with a selection of Islamic Contract list.

Object Oriented

Object Oriented

New requirements by the finance institution can be easily accommodated.

Ready to Market

Ready to Market

Fast delivery of product deployment to branches once been configured.

Multiple Balances

Multiple Balances

Able to store fees, charges, penalties in a different balance for ease of segregation and compliance.

Services we offer