FinnOne Neo® Islamic Finance provides all the capabilities that market leaders need to prosper with unparalleled channel support and sophisticated workflows for streamlined operations. The solution is a comprehensive offering compliant with Sharia law in Islamic banking and finance, which supports retail finance instruments such as Auto Finance (Murabaha, Ijarah), Personal Finance (Murabaha, Ijarah), and Home Finance (Murabaha, Ijarah, Istisna).
FinnOne Neo®’s Customer Acquisition solution for Islamic Finance makes the lending business agile, scalable, streamlined, and transparent, thereby unlocking new opportunities for expansion and profitability. This robust solution effectively oversees the entire finance lifecycle for FIs including, product definition, customer onboarding, application processing, document tracking, collateral management, and disbursal.
Contract Types Supported by FinnOne Neo® for Islamic Finance
- Murabaha
- Ijarah
- Tawarruq
- Istisna
- Bai Bithaman Ajil
- Musharakah
- Mudarabah
- Musawamah
Why FinnOne Neo® Islamic Banking?
- Automated Underwriting
- Faster Loan Disbursals
- Faster GTM
- Compliance Ready
- Accelerated Decision Making
- Effective Risk Management