• Product Reviews
• 08.02.2019 09:26 am

A brief summary of the solution

Path Solutions offers iWINDOW solution for Islamic window operations of conventional banks. This complete financial system provides financial institutions with functionality covering Customer Service Management (Retail and Corporate Banking), Financing operations, Trade Finance operations and Financial Accounting and Reporting that are fully compliant with the Sharia rules and regulations.

The idea to develop the solution

Islamic finance is a singularity that had engendered significant amount of interest in the financial world. This has led to the growth of an opportunity to innovate and offer the best possible solutions to help financial institutions in grabbing new business opportunities. Thus, iWINDOW suite was developed by Path Solutions for Islamic window operations.

The core function of the solution

The core function of the solution lies in its ability to provide best practice model for Sharia compliance in banking operations. iWINDOW manages the use of constrained resources by increasing, decreasing, or withdrawing investment funding where it is appropriate, while following Sharia rules and regulations. It keeps portfolio health on track and performs the necessary adjustments. One of the main aspects of the solution is that iWINDOW allows and helps conventional banks to provide Islamic services directly from their existing network, bypassing the cost and overhead associated with setup of separate Islamic operations.

iWINDOW Package Components:

• iMAL*CustomerServiceManagement

• iMAL*IslamicInvest

• iMAL*TradeFinance

• iMAL*FacilityManagement

• iMAL*IslamicProfitCalculation

• iMAL*Accounting

• iMAL*FinancialTemplateReports

• iMAL*ReportDesigner

• iMAL*BatchProcessing

• iMAL*SADS

• iMAL*IntegrationManager

• iMAL*IslamicTreasury

• iMAL*Assets

• iMAL*Blotter

• iMAL*FAS

• iMAL*SWIFT

Who needs the iWINDOW suite?

• Investment Banks
• Financial Institutions
• Treasury Managers
• Fund Managers.

What are the key features of iWINDOW​?  

• Islamic module (Sharia-compliant)
• User-friendly
• Scalable
• Fully integrated
• Flexible and easily adaptable
• Fully parameterized system
• Easily integrates with other core banking applications used at the main conventional entity
• Offers out-of-the-box product for all known Islamic banking instruments
• With built-in fiscal implications and efficient reporting
• Made specifically for Islamic banking and provides the market best practice.