pibas shariah: ijarah

Ijarah, one of the associated products of PIBAS Shariah suite of banking applications, provides a comprehensive platform that caters to both Financial and Operational types of leasing, covering both single & fleet cases. Akin to most ofPIBAS e-nhance suite's other products, it is fully integrated with the Core Banking Modules

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pibas shariah: ijarah

The Benefits:

  • Parameterization facilitates the banks users to tailor the product according to their specific requirements
  • Enhances Operational Efficiency
  • Provides Tools to Monitor & Control Risk
  • Improves Customer Service
  • Enables Standardization & Reliability of all Financial Calculations
  • Fully Automates all voucher generation at different stages of the Lease Cycle
  • Provides Tools to Monitor Performance of:
    • Credit Officers
    • Recovery Officers
    • Account Officers
  • Empowers the User to generate MIS Reports through the Dynamic Report Generation Feature
  • Facilitates Management of Loans through a Dynamic Document Generation Feature


The Features:

  • Along with Business Relationship & Account Management, this System can be interfaced with any application system
  • Business Centric Information of Borrower & Guarantor, etc...
  • Multi-Branch
  • Individual & Fleet Case Handling
  • Makes non-financial information available for Marketing & Tracking
  • Provides Cushion / Grace Period for Rentals / Repayments
  • Facilitates Proposal Generation:
    • General Proposals
    • Specific to a Particular Customer
  • Provides capability to Categorize Asset that is to be Leased
  • Covers Full Takaful / Insurance Life Cycle of the Lease
  • Provides facilities for:
    • Dealer Management
    • Post Dated Cheque (PDC) Maintenance
    • Generation of Schedule (Annuity Based / Staggered)
  • Maintains Delivery Schedule for the Leased / Rented Asset
  • Provides a Check List of the Documents Required
  • Facilitates Early Termination or Partial Payment
  • Gives Elaborate Life Cycle of Lease from Prospect State
  • Provides a feature for Application Submission & Processing
  • Facilitates Proposal Generation
  • Generates Contracts
  • Assists in Disbursement & Delivery of Leased / Rented Asset
  • Permits Rental through Post Dated Cheques
  • Allows Advance Rental Repayments
  • Automates Rental Deductions
  • Provides features for Termination & Repossession etc...