Bank Sarasin, which has been using the Avaloq banking system since 2004, went live with Avaloq’s new Islamic banking solution. It allows the bank to more efficiently manage the increasing amount of clients requesting Shari’ah compliant banking.
Avaloq developed the solution as a part of its Avaloq model bank – a preconfigured adaptation of the Avaloq banking system. The Islamic banking solution covers a wide range of Islamic finance products, such as murabahah ffinance, murabahah placement, diminishing musharakah, mudharabah, ijarah, of which two products were successfully implemented at Bank Sarasin………………………………………..Full Article: Source