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Transforming to Electronic Islamic Finance & Commerce Ismail Ali Manager Product development – Banking Industry B r i d g i n g t h e d i v i d e.

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Presentation on theme: "Transforming to Electronic Islamic Finance & Commerce Ismail Ali Manager Product development – Banking Industry B r i d g i n g t h e d i v i d e."— Presentation transcript:

1 Transforming to Electronic Islamic Finance & Commerce Ismail Ali Manager Product development – Banking Industry B r i d g i n g t h e d i v i d e

2 ITS Overview Corporate name International Turnkey Systems Date founded 1981 Group headquarters UAE, Kuwait, Egypt, S.Arabia, Lebanon, Employees (28 Nationalities) Group CEO Khalid Al- Saeid Address

3 Geographical Coverage ITS Profile

4 ITS Operations Expansion Plan Operations in 15 countries 5 Service Points core ITS Profile

5 Our Development Center Located in Cairo – Egypt. Over 700+ IT consultants. CMMI Level 5 certified. R&D division for product road mapping and market research. Providing support to ITS customers.

6 Banking Key Drivers

7 Key business drivers Easier access to knowledge Rapid advances in technology Globalization

8 Strategy for banking organizations Short term planning cycles Proactive environment shaping Agility and ability to handle continuous chaos to evolve competitive advantages Long term planning ‘Fishbowl’ management Long lasting competitive advantage In the past Going forward Degree of change in environment

9 The connected (new) world Over the past 15 years, everything got connected to everything else

10 The connected (new) world Over the past 15 years, everything got connected to everything else

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13 Delivering Service Based Banking

14 B2B & B2C Affiliations & Collaboration of Global Services

15 XML SOUP in financial services

16 B2B Scenario  Initial offering & discussion  Product rollout planning meeting  Distribution incentive for new product  Discussion Groups  Initial offering & discussion  Product rollout planning meeting  Distribution incentive for new product  Discussion Groups Business Partners Customers Your Employees  Review partners input  Match & make profiles with products  Meet with internal team to discuss changes  product release schedule  Customer-centric product design discussion  Preparing marketing campaigns  Review partners input  Match & make profiles with products  Meet with internal team to discuss changes  product release schedule  Customer-centric product design discussion  Preparing marketing campaigns  Internet Market-place  Check related New items.  Finding the new products based on profile  Internet Market-place  Check related New items.  Finding the new products based on profile

17 ITS Harnessing Technology for Innovative Islamic Banking Software Windows

18 Key Islamic Banking Challenges

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21 Key Business Components Rich Customer Information Backend Integration Audit Trail for all Activities System Administr- ation Report & Forms Engine Deal Costing & Pricing Goods Inventory - Vendors Islamic Product Engine Islamic Instrument Engine Islamic Business Models Approval and Override Users Profile and Authority

22 Instrument and Product Engine Modules & Features

23 The System is designed to be an Islamic engine through creating Various Islamic Instruments based on Islamic business models and combination of Sharia’ah compliant business process sequence Islamic Business Models Modules & Features

24 Islamic Instrument Definition Engine Example: Murabahah Finance [ Steps configuration ] [ Items Selection ] [ Instruments Listing ] Modules & Features

25 Example: Automobile Finance –Comprehensive system administration module for system and new Products set-up Islamic Product Definition Engine Modules & Features

26 Profit Matrix User defined factors & criteria Supports multiple criteria Automatic profit rate at deal level Also Allow override at transaction level Modules & Features

27 Example: Murabahah Deal Rich Process Flow Initiate deal Send to approve 1 Receive goods Issue Purchase Order Deliver goods Approve or reject deal Sign contract Originate murabaha Modules & Features

28 [ Entry Package Setup ] [ Entry Leg Setup ] Modules & Features Accounting Entry Generator The bank can attach accounting entries in each step of the product workflow

29 Modules & Features PURCHASING Process purchase order (PO) Schedule goods receipt in phases Handle purchase returns Create & maintain vendor & supplier information Handle purchase through agents/brokers

30 Modules & Features ASSET CONSTRUCTION Track construction progress Schedule & track progress payments Handle payment deductions Create & maintain developer & consultant information

31 Strong reporting engine for contracts, advices and statements printing Reports generation can assigned to workflow steps Reporting Engine Modules & Features

32 Key Benefits

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34 Thank You Please visit us


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