08.02.2019 09:26 amPath Solutions
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.
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, iWINDOWsuite was developed by Path Solutions for Islamic window operations.
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.