Professional Documents
Culture Documents
Prepared by:
Path Solutions
08 June , 2010
More than 50 Islamic Financial Service Institutions have been launched within the past 2 to 3 years More than 20% average growth of the Islamic Financial Institutions More than US$ 840 billion total volume of Sharia-Compliant assets The volume of Islamic transactions globally reached a total value of US$ 8 billion (as of June 2009) (Source : Bloomberg)
USD Billion
2002
2003
2004
2005 Years
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2007
2008
Equity based
Versus Loan based Financing Islam aims at building a socio-economic order based on justice
Based on the concepts of trading and participation in risks and profits Need of effective and efficient management system is becoming a necessity to Islamic Banking in order to handle huge transactions volumes and to provide instant and wide availability of information.
Leading Islamic banking IT solutions providers should provide modular component based solution. Modular architecture is the key Building Blocks approach is what suits most established as well as new banks. The ability to plug and play will surely emerge as the key. In this task, acquisition of ready-made modern pluggable components that can integrate smoothly will be an important consideration
Engage Islamic Banking subject-matter experts with strong and deep industry knowledge and enough exposure to the industrys specific operations
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Thank You!
www.path-solutions.com
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