Arium Sharia Banking Key Modules
Arium Sharia core banking contains the following modules:
Customer Management
• Specific customer type based input for individual, corporate, Bank & Internal Customer
• Quick & Comprehensive Customer Registration
• Integrated Duplicate Checking
• Integrated Blacklist Checking
• Integrated Customer Due Diligence
• Supports Joint Account
• Supports Customer-based Financing Quality
• Equipped with Address Input Assistance
• Provides comprehensive information through Customer Portfolio
Retail Module
• Flexible Product Definition
• Quick & Comprehensive Opening Account
• Supports Multi-level Nisbah Rate
• Provides Statement of Account
• Supports cheque, Giro and Other bank documents management to assist document request, distributions and usage tracking
• Supports withdrawal of Time Deposits Accounts
• Support Muqayadah Investment
• Support Mudharabah Investment (SIMA)
• Provides optimal Profit Sharing Adjustment
• Support Overdraft, Auto Save, Auto Close & Standing Instruction
Financing Module
• Flexible Product Definition Based on Islamic Contract
• Supports Financing Subsidy
• More detailed information & history
• Provides statement of Account
• Supports multiple settlement account (Auto Grab Fund)
• Comprehensive Facilities Management
• Maintainable Finance Object
• Support various depreciation method
• Comprehensive Collateral Maintenance
• Support Automatic Rollover
• Supports Revolving Facilities
• Supports Ijarah Repricing, Restructure, Charge off & Write Off
• Supports Early Termination, Partial Payment & Excess Payment.
Rahn
• Flexible Product Definition
• Flexible Collateral Type & Gold Price Setting
• More Detailed information & History
• Supports Multiple settlement accounts (Auto Grab Fund)
• Supports Automatic & Manual Rollover
• Flexible Fee Code Setting
• Supports multi-tiered Fee
• Easy Partial Redemption with Auto Re- Appraisal and Rollover
• Supports Collateral selling maintenance
Profit Sharing
• Flexible setting of Nisbah & Spread
• Provides Profit Sharing Simulations & Sharing Portion Adjustment
• Provides Profit Sharing Reservation
• Provides Profits Sharing Adjustment
Transaction & Accounting
• Flexible GL Rule Setting
• Supports Multi- Account, Account-to-GL, GL-to-GL Transaction
• Revaluation
Treasury
• Provides Coupon & Redemption Management