Saadiqin Solutions

 

Solutions

Saadiqin

derived from scholars classification of trade, with system tables catering the atomic needs of each contract conditions and essentials. Saadiqin transactions and processing mitigate each product contract essentials in ensuring transparency and contract compliance. Islamic banking system is based on risk-sharing, owning and handling of physical goods, involvement in the process of trading, leasing and construction contracts using various Islamic modes of finance. As such, Islamic banks deal with asset management for the Modes of Investment purpose of income generation. They will have to prudently handle the unique risks involved in management of assets by adherence to best practices of corporate governance. Once the banks have stable stream of Halal income, depositors will also receive stable and Halal income.

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Islamic Banking is based on the Islamic Contracts

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Each one of the Islamic Contracts is Unique

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Each Islamic Contract has its own conditions and essentials

Deposits Accounts

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Deposit Accounts are most prominent in middle and southeast Asia, and are an attempt to combine savings and checking accounts to entice customers to keep their money in the banks. The current account portion pays no or very low interest, while the savings portion pays an above average return. They are offered free or for a fee depending on minimum or average balance requirements.

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Asset Based Financing (ABF) 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.

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Asset Based Financing

Lease Based Financing

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Lease Based Financing (LBF) is a very common financing solution for businesses that need to acquire equipment. Repayments are spread over several months and are tax deductible. Leasing can save you the initial costs of buying them outright. A simple and quick financing application and approval process and is widely available.

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Equity Based Financing (EBF) is the process of raising capital through the sale of shares in an enterprise. Equity financing essentially refers to the sale of an ownership interest to raise funds for business purposes. Equity financing spans a wide range of activities in scale and scope and have various equity-based financing products, such as, mudaraba and musharaka.

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Equity Based Financing

 

Supporting Solutions

Branch Delivery System

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Branch Delivery System (BDS) Saadiqin branch delivery system carefully designed with ‘One Point Data Entry’ is user friendly; it requires very minimum data input in reducing operational risk. Saadiqin branch delivery system standardized bank wide operations.

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Customer Information System (CIS) The Customer Information System is a computer system used to store basic identifying information about customers (individuals and non-individuals), including name, ID number, address, date of birth, etc. The information CIS holds is used to help financial institutions’ staff to quickly acquire information about customers when they contact the institutions, allowing decisions to be made faster and more accurately.

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Customer Information System

User Access Security

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User Access Security (UAS) User Access Security refers to the cumulative operations by which authorized users access the Saadiqin System and unauthorized users are kept from doing so. However, the UAS limits even authorized users to part of the system that they are explicitly permitted to use.

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Reporting System Transparencies in product configuration as well as account level transactions are all log into reports for Shariah auditing.

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Reporting System