Islamic Banking

 

Ensuring conventional and Islamic Banking practices on a single unique platform. That’s certainty!

Islamic Banking is a system of banking or banking activity that is consistent with the principles of Islamic laws of Finance (Sharai'ah). Growing at a rate of 15% to 20% every year, and spanning most of Asia and the Middle East, Islamic Finance is beginning to make inroads in the West. The growing customer base required a solution to help financial institutions provide services in compliance with the Sharai'ah principles of Islamic finance. Tata Consultancy Services (TCS) implemented the Islamic Banking Solution from TCS BaNCS to support these requirements with a fully-configurable system servicing consumer, small and medium enterprise and corporate segments across multiple channels. As one of the world's leading technology and business solutions providers, TCS brought about a highly flexible, agile and function-rich product with configuration options to provide banks with a single view of customer activities across the enterprise. Improving their operating efficiencies and optimizing total cost of ownership. And of course, enabling Islamic Banking to experience certainty.


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