Software solutions major Infosys Technologies Ltd has unveiled its Islamic Banking Solutions (IBS) for European, West Asian and Far Eastern markets. The IBS software solution was a part of its global launch of version 10 of the Finagle Universal Banking Solution (FUBS). Islamic banking is a system of financial services that meet the requirements of Islamic law as laid down in the Sharia, which prohibits collection and payment of interest. The software is capable of managing different Islamic concepts including 'Mudarabah', 'Murabaha', 'Ijarah', 'Istisna' and 'Tawarruq' into its solutions.Thursday, March 24, 2011
Infy makes foray in Islamic Banking Sloutions
Software solutions major Infosys Technologies Ltd has unveiled its Islamic Banking Solutions (IBS) for European, West Asian and Far Eastern markets. The IBS software solution was a part of its global launch of version 10 of the Finagle Universal Banking Solution (FUBS). Islamic banking is a system of financial services that meet the requirements of Islamic law as laid down in the Sharia, which prohibits collection and payment of interest. The software is capable of managing different Islamic concepts including 'Mudarabah', 'Murabaha', 'Ijarah', 'Istisna' and 'Tawarruq' into its solutions.
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