pibas shariah: Islamic Trade Finance
PIBAS' Islamic Trade Finance System integrates its Import & Export facilities with Musharakah and Murabaha against trade documents. It provides faster Deal Turnaround time due to its Parameterization and complete Audit & Control. The system also maintains proper Import & Export sessions for the user to easily communicate with the client
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salient features & benefits
- Bills for Collection / Letters of Credit (Murabaha / Wakalah) maintenance
- Trust Receipt (Murabaha) maintenance
- Bank Guarantee / Shipping Guarantee maintenance
- Dynamic Deal Parameterization
- Template Feature
- Vastly Improved Service Level
- Ability to Work from Remote Sites / Branches
- Powerful Enquiries and Reports
- Real Time Data Extraction Facility across the System
- User Friendly, Multi-Currency and Multi-Branch
- Online SWIFT / Telex Message Generation
- Fully Automates all Voucher Generation in different Trade processes
- Online Voucher / Receipt Printing and Re-printing
- Audit and Control and MIS Reports
- Provides Combined or Split Limit Allocation
- Instrument Monitoring
- Inflow and Outflow Documents Tracking
- Auto Computation of Charges with Override Facility
- Online Instruments Generation and Printing
- Maintains Commodities, Special Instructions, Clauses and Documents Associated with Instruments
- Automated Interest Calculation / Posting
- Letter of Credit Amendment History
- Can be interfaced with other Core Banking Applications