Islamic Financing Management

Islamic Financing Management

Islamic Financing Management is an Islamic banking system based on the latest guidelines of the Central Bank of the Islamic Republic of Iran. The system offers all kind of Islamic contracts and provides banks unique features for defining different credit types, payments and customer reimbursement methods.

This system covers all processes related to the financing granting, including the definition of all types of financing, approval, completion, Islamic contract issuance, fund payment, installment payment and automatically generates all the essential reports for the central bank. Islamic financing management system is one of the main components of TOSAN`s core banking products and has the ability to connect to customer`s deposits, customers and use their information. One of the great features of this system design is the ability to connect to different Core Banking systems. The main types of Islamic contracts covered by Islamic Financing Management System are: Qard al-Hasan, Installment Sales, Civil Partnership, Profit-Loss Investment Sharing / Mudarabah, Hire Purchase / Rent to Own / Ijarah- wal- Iqtina, Sale of Debt / Bay` al-Dayn, Salam / Salaf, Service Fee / Jo`ala, Sale of Debt / Bay` al-Dayn, Cost-Plus Sale / Murabahah, Istisna.