Why Ababil

  • Ground up designed and developed keeping Shariah Banking in perspective. Not a by product of an interest bearing solution.
  • Got maturity for more than 12 years through repeated field tests.
  • Complete Solution with CORE, Investment, Finance, Trade Finance, CIF, Limit & Sanction Management, Collateral Management, Teller, Internet , MIS and more.
  • Extensive and deep-rooted domain knowledge of the team members.
  • Around 200 person-years of effort was applied to build the product.
  • Bankers, Shariah Scholars, Analysts, Technical leads and Software Engineers were behind this effort.
  • Modular and resilient to change - suitable for internationalization.
  • Flexible for maximum delivery channel support with required interfacing.
  • Technology platform is robust and has highest acceptance in financial market (.net C# and Oracle RDBMS).bearing solution.

Features

  • Offers extensive user configurable product definition engines.
  • Flexible user definable pricing and profit sharing capabilities.
  • Multi-currency support for all products and services
  • Offers remittance and payment functionalities for Cash Management and Transaction Banking.
  • End to end functionalities for clearing and settlement with the central bank.
  • Inter account sweeping and profit distribution mechanism.
  • Automated revenue and profit distribution mechanism.
  • Extensive report generation facility to generate documents/reports for management need and statutory reporting purpose - (standard and ad-hoc)
  • Centralized Limit, sanction and collateral management
  • Centralized and Comprehensive MIS
  • Multi Layer Authentication facility.
  • All charges are parameterized
  • Auto distribution of payment based on user defined payment priority in financing.
  • Performance tracking on customers, products, branches or entire bank level.
  • Perform profit suspension, reversal of profit in suspense and compute specific provision on non-performing financing products
  • Non Performing asset management
  • Integrated retail and corporate banking
  • Mobile and Internet Banking
  • SMS and Email alert