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What is Islamic Banking?

Islamic banking or Islamic finance or sharia-compliant finance is a financing activity that complies with sharia (Islamic law) and its practical application through the development of Islamic economics. With the growing customer demand for Islamic Banking and financial products, the industry requires cutting-edge technology solutions and a reliable partner to address their business needs.

Why JMR’s Islamic Banking?

At JMR, we have realised the need of having a focused and dedicated Islamic Banking practice to help various banks and financial institutions across the world to meet their Shari’ah complaint offerings. Our team comes with deep domain expertise in the BFSI segment, and we have won lots of accolades for being a trusted partner of various financial institutions.

JMR’s Islamic Banking practice has a dedicated team of highly experienced ex-Islamic Bankers, Islamic System implementers and Project and Program Managers. The team brings in vast experience in providing technology solution for green field and brown field Projects for setting up Islamic Banks, Islamic window launch and on-going support to run the bank and its changing needs. We have successfully delivered multiple Islamic Banking engagements across the globe.

Our Service Offerings:

Islamic Banking Consultancy /Advisory

We provide consulting on setting up of Islamic bank, Islamic window launch and new Islamic products launch for our existing or new clients in the areas of Retail Banking, Corporate Banking, Trade Finance, Treasury and Risk Management.

The advisory will help you achieve the following benefits:

  • Structuring of various Islamic Liability products on the basis of Qard Al Hassan, Wadia, Mudarabah, Wakalah, Murabaha.
  • Arrangement of Islamic Financing products on the basis of Salam, Murabaha, Ijarah, Istisna, Musharakah.
  • Construction of Islamic Treasury products on the basis of Murabaha & Wakalah, Sarf and Waad.

Technical Advisory for Islamic Banking and Window set-up

At JMR, We provide a wide range of technology services from defining strategy, selecting the right system, managing the program to launch Islamic Banking /Window/Products.

The advisory will help you achieve the following benefits:

  • Reduced Operational Inefficiencies
  • Customer Acquisition
  • Ability to enhance customer operation
  • Improved organizational processes
  • Reduces cost and higher revenue
  • Improved overall profitability
  • Increased employee productivity

Business Process Re-engineering

Our advisory will help you attain the following benefits:

  • Reduced operational inefficiencies
  • Reduced costs and higher revenue
  • Customer acquisition
  • Improved overall profitability
  • Ability to enhance customer experience
  • Increased employee productivity
  • Improved organizational processes

Upgrade and Migration Services

  • We provide end-to-end services for upgrade and migration from old to new versions of FLEXCUBE and Temenos.
  • Our wealth of experience comes handy when banks are attempting to move from a lower version of the core banking system to a latest version and when there are significant changes between the old and the new version.

Islamic Banking Training

We provide foll range of training on Islamic Banking – be it refresher training programme, training to the bank’s core team or to the end users.

  • Domain training which includes different Shari’ah complaint products in Retail, Wholesale, Trade Finance and Treasury areas and underlying Islamic structure
  • Training on different Islamic Banking systems like FLEXCUBE, Temenos and JMR Profitto
  • Training’s are provided to both Core User as well as End Users
  • Comprehensive Digital + In-Person End User Training offering
  • Technical training in Islamic banking space

Why JMR?

JMR Infotech delivers end-to-end technology solution including licensing, delivery, implementation, integration, training, support, and managed services. At JMR, you will get comprehensive solutions that will address all your business challenges and will drive your business.  Our global presence enables us to provide our valued customers with access to the optimal mix of resources onsite at ease on work permits.

If you need more information or if you are not able to find what you need

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