FinnOne^TM Islamic is a robust Shariah compliant system designed for Islamic Financing right from sourcing, sale / purchase of asset, account booking till termination. It has function-specific modules, managing the entire life cycle of a finance account. FinnOne^TM Islamic is a highly parameterized system that supports flexible product definition, configurable work flow management, documentation, profit accruals and accounting.
FinnOne^TM Islamic automates and manages the complete Finance application processing flow of Islamic products, which includes Auto & Goods Finance (Murabaha, Ijaraha), Personal Finance (Rent Finance, Education Finance, Medical Finance, Travel Finance and Wedding Finance), Home Finance (Murabaha, Ijaraha and Istisna’a) and Tawarruq. Additionally,FinnOne^TM Islamic caters to the need of Commercial Financing and Corporate Financing for various products like Equipment Financing and Working Capital Financing. It allows banks and Financial Institutions to integrate various touch-points in their supply chain for acquisition and pre-disbursal operations, credit evaluation, sales & purchase of asset and post disbursal servicing functions like restructuring, foreclosures and terminations of Finance accounts.
FinnOne^TM Islamic enhances customer service levels by incorporating best-of-breed tools like sales calculators & quote management and offers best-in-class credit tools like credit scoring, credit policy check, internal & external deduplication and underwriting to weed out probable defaulters and negative profile applicants. In addition, it ensures the documentation required for each stage of credit processing and automates the process of application evaluation by providing user defined dynamic workflow. This makes it a highly parameterized system for unique and scenario based handling of financial offerings, suitable to various accounting standards.
To conclude, FinnOne^TM Islamic provides the necessary elements for originating, processing, repayment schedules, floating and fixed profit, finance rescheduling, underwriting, documenting, foreclosure, assets classification / provisioning monitoring, which makes it a comprehensive solution for a Bank and Financial Institution.

FinnOne^TM Islamic lending suite comprises of : CAS, LMS, Collections