i-flex solutions - Islamic Banking





In recent years, the phenomenal success and growth in Islamic banking and investment models have encouraged a growing interest in the Takaful business. Takaful models can be distinguished by the way contributions are managed, surpluses are distributed, funds are allocated, and fees are deducted. Read how the Takaful way of insurance has grown into a widely accepted instrument in many countries.

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One of the toughest challenges facing Islamic banks is how to cope with the changes in Sharia requirements. But, the requirements for an Islamic core banking system are not very different from a conventional core banking system. In this article, by Rodney Diola from The Asset, Jamil bin Hassan, i-flex solutions, explains the various technological nuances of Islamic banking technology.

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