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
