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Oracle FLEXCUBE Islamic Banking lets you rapidly capitalize on the fast-growing Islamic financial market. It is a comprehensive Sharia-compliant application and a solution for both Islamic and conventional banks.
Oracle FLEXCUBE Islamic Banking offers three distinct advantages:
- Islamic banks can leverage Oracle FLEXCUBE's proven infrastructure and finely tuned Islamic modules to offer Sharia-compliant products, support operations, and achieve fast implementation at reasonable costs.
- Existing Oracle FLEXCUBE customers can add new Islamic banking products using the same infrastructure, thereby lowering set-up costs.
- Banks can offer Islamic banking as a subsidiary, letting Oracle FLEXCUBE manage the Islamic products while the existing core banking system manages its conventional products.
In addition, it is fully compliant with Sharia laws and regulatory requirements such as Basel II and Anti-Money Laundering, allowing banks to ensure corporate governance and reduce risks. A highly parameterized solution, Oracle FLEXCUBE Islamic Banking helps you launch new products faster and rapidly roll them out for additional users and branches, eliminating growth-related bottlenecks. With processing available 24/7, it offers the highest levels of availability and scalability, supporting consistent growth in both the number of users and the number of transactions performed.
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