HIKMAH is a comprehensive Islamic Banking Solution developed by ERA based on Core Principals of Sharia. It offers the industry’s widest range of software solutions to Islamic banks addressing all their Business & Operational requirements.
HIKMAH provides Real Time Shariah Banking. Profit Distribution process is driven by a set of parameters that allow the users to group profit received from investment such as (Bai-Murabaha, HPSM etc.) with payable expense generated from liability business activity such as (Mudaraba accounts). Allow special profit distribution as per agreed ratio. Support both ISR & Weighted Average Method in Profit Calculation.
Features:
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Integrated Modular Based System
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Global Limit Management
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Support Multi-Currency
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Support Multi Layer Chart of Accounts
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Central Process Management
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Extensive Audit Trail
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AML Screening Compatible
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BASEL Framework Compatible
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Omni Channel Account Opening
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Facilitate Window / Virtual Window Banking
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Extensive Multilevel Security
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Support Multi Channels
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Dynamic SMS Engine
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User Friendly Interface
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Comprehensive MIS
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Responsive UI
Unique Features:
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Income Sharing Ratio Based Profit Distribution
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User Defined Field Add option
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Dynamic Report Engine
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Smart Report Search Tool
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Dynamic Approval option
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Comprehensive Audit Trail
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Chat-Box Helpdesk
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Seamless Integration through RESTful/SOAP API