Islamic ICBS

Islamic Integrated Computerized Banking System

Islamic ICBS is a comprehensive universal banking system designed to manage and control Islamic Banks and Financial Institutions front and back office operations.

 

Islamic ICBS system is designed in accordance with Sharis’s rules and laws whereby financing and investments techniques are based on permissible trading, partnership and profit sharing.

 

ICBS Islamic is aligned to Islamic Accounting (AAOIFI) and International Accounting (IAS) standards and SWIFT messages formats while meeting local specifications.

 

ICBS Islamic is available on Oracle multitier web platforms in premises or "On Cloud".

Main Functions

Islamic ICBS is offered as a set of integrated modules and sub-modules with high granularity allowing acquiring only the required functionalities.

 

Islamic ICBS modules are integrated and encapsulated in a nucleus, core module.

 

Islamic ICBS nucleus module:

  • Security features
  • Referential and Parameters
  • Business rules tools
  • Central Customers’ information
  • Accounting

 

Islamic ICBS nucleus engines:

  • Accounting
  • Documents
  • Commissions
  • Charges
  • Etc.

 

Islamic ICBS main modules:

  • Nucleus
  • Islamic Deposits and Financing
  • Payments and Remittances
  • Islamic Treasury
  • Capital Market and Investment
  • Islamic Trade Finance
  • Letters of Credit
  • Central Operations and Processing
  • Branch Operations
  • Browser Banking
  • Mobile Banking
  • Administrative
  • Takaful

 

Islamic ICBS remaining modules selectively can be seamlessly implemented if and when needed.

 

General Features

  • Secure
  • Secured Access and Log-on
  • Password complexity check
  • Multilingual and Multi-Alphabet
  • Customer centric
  • Flexible, evolving and fully parameterized
  • Customizable with dynamic workflow engine
  • User friendly with automated capabilities
  • Comprehensive with clearly defined functionality
  • Interactive and Online real time
  • Aligned to international and local standards
  • Comprehensive information with 360° views
  • Rich set of reports with drill down to details
  • Open for BI tools for ad hoc reports
  • Straight through processing
  • Ease of integration through standard APIs
  • Reusable components web and micro services
  • Full audit trails logging all interactions and approvals
  • State-of-the-art open platform
  • Modern web multi-tiers technology
  • High availability and proven scalability architecture
  • Scalable, Centralized and Decentralized