The Islamic banking industry faces fierce competition. Islamic banks must be able to offer Sharia'h-compliant solutions faster than their peers. They must also be able to offer customers a competitive alternative to conventional banking. From Islamic deposits, loans, cards, trade and treasury, a whole range of products must be readily offered to increasingly sophisticated customers.
If operating in multiple territories, the bank must also contend with different interpretations of the Sharia'h across jurisdictions. This means complying with a wider set of regulations and maintaining an adaptable operation across subsidiaries and branches.
SunGard can help. SunGard’s Ambit Islamic Banking provides solutions to help Islamic banks successfully compete and comply with international and Islamic regulations.
Ambit Islamic Banking is a highly parameterized solution that helps banks to remain competitive by quickly launching new Islamic products. Ambit Islamic Banking supports a wide range of Islamic banking contracts, such as Mudaraba, Musharakah, Ijara, Murabaha, Salam, Istisna’a and Bai ‘Inah.
Learn more about Ambit Core Banking for Islamic Banking
Ambit Islamic Banking can help Islamic banks provide Sharia’h- compliant card products through a combination of fee-based charging schemes.
Learn more about Ambit Card Management for Islamic Banking
Ambit Islamic Banking provides a treasury management system that meets the demands of the compliance-focused Islamic banking landscape. Ambit Islamic Banking provides cash management, debt, investment and currency management as well as strong audit and controls.
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Risk & Performance Management
Ambit Islamic Banking provides a unified view of risk and performance measurements across all activities and markets for a greater and more complete understanding of the Islamic bank's financial picture. Ambit Islamic Banking also helps Islamic banks adhere to international and Islamic risk requirements that include commodities and inventory risk, legal and Sharia'h compliance risk, equity position risk, mark-up risk and transfer risk.
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Ambit Islamic Banking provides secure online banking facilities for the convenience of retail and corporate banking customers.
Learn more about Ambit Online Banking for Islamic Banking