In response to increasing global demand in Islamic Banking practice, Craft Silicon has introduced “Bankers Realm-Islamic Banking” (BRIB) – a product offering based on the successful Bankers Realm Core banking product- to cater for this growing banking segment. The BRIB meets client’s requirements in Islamic Banking besides supporting micro-finance operations in an Islamic Banking context. The product, being part of the Bankers Realm product family benefits not only from Islamic Product enhancements but also from all the main enhancements that are made to the rest of the Banker Realm product line.
The Islamic banking industry has witnessed a frenetic pace of growth during the last decade the world over respond to the opportunities presently by this rapidly growing industry. Most of the countries and their central banks have taken a lead in supervising Islamic Banking and Financial services, encouraging their growth and have passed Islamic Banking and financial laws to their countries.
A comprehensive Islamic banking solution that provides banks end-to-end functionality to define and offer Shariah-compliant products, will play a very critical role in addressing the needs to the burgeoning Islamic banking segment.
Islamic Banking is a symbol of the Muslim people’s endorsement of the idea launched by the Organization of the Islamic Conference (OIC).