T24 Islamic Banking

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T24 Islamic Banking

Dr Mohamed Goneid Business Deveopment Middle East
Gulf
Dubai, June 1st 2008
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TheTrillion Dollar Cake
End 2006
End 2010
Billion of USD
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• The Challenge

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The Challenge

• Islamic Banks are always in a Hurry!!!

Tight deadlines to answer RFP Short Notice
Before Presentations Immediate Start of
Implementation Challenging LIVE
Date Everything Can SlipExcept the LIVE
Date.
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The Challenge

• Islamic Banking is Bubbling!!!

Wide andVariableIslamic Products Offering
New Products need to be developed as fast as we
think of them
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• How to Achieve Adaptability

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Adaptability

• Main features of the new T24 Islamic banking
  system
• Provide a more effective architecture
• Capable to adapt to different markets
• Capable of accommodating new products in a short
  time
• Can coexist with conventional banking
• Can be fast implemented
• Must cater for Islamic banks and Islamic windows
• Must make use of all developments for
  conventional banking

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Traditional Architecture
Channels
Middleware / Orchestration
Products
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New Architecture
Risk Management
Human Resources
Real Estate
Facilities Mgmt.
Trade Finance
Compliance
Finance
Treasury Management
Brokerage
Custody
Portfolio Mgmt
Perf. reports
Fiduciary Deposits
Comm. Loans
Syndicate Loans
Trade Finance
Guarantees
Bills
Leasing
Cash Mgmt.
Forex
Swaps
FRAs
Futures Options
Repos
Capital Markets
Teller Services
Accounts
Term Deposits
Lending
Mortgages
Mutual Funds
Payments
Cheques
Customer
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• The Product Builder

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Product Organisation / Hierarchy
Cars
Finance
Retail
3 Series
Murabaha
Saloon
SE
Cars
Retail Murabaha Car Finance
320i SE Saloon
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We build Islamic Products like Cars, by
assembling components
Engines
Body styles
Accounting Parameters

Product Description Charges Booking
Assemble Parts
320i SE Saloon Reatil Murabaha Car Finance
Integrate with GL
AL categories Profit categories
Transmission
Profit Calculation Method Payment Schedules Zakat
Booking, etc..
Wheels
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Steps to Develop a New Product
Define Product Description Charges Booking
1.
Define Product Accounting Parameters
2.
Define Recommend Profit for Product
3.
Define Finance Charges Asset Categories
Profit Categories
4.
Integrate with GL Financial Reports
5.
Deploy Define the product Workflow
6.
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The Challenge
How to accelerate implementations
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• One of the strengths of TEMENOS offering is that
  it has a complete Model Bank ready for operations
  
• 
  Mohamed Berro
• 
  CEO, Bank Al Hilal
• 
  IBS, May 2008

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T24 Islamic Model Bank Architecture
TEMENOS does offer this.
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Differentiators
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Why T24 Islamic Banking

• Short time-to-LIVE using T24 Islamic Model Bank.
• Model Bank is documented, it contains best
  practices.
• Short time-to-market usingT24 tool kit to develop
  new products
• Since Islamic Banking is within T24, all T24
  technological advantages are available in our
  Islamic Banking.
• Achieve operations excellence using T24
  predefined workflows to automate operations and
  to reach STP.
• Enhance Risk Management capabilities, both
  tactically and on the enterprise level using
  T-Risk.
• Boost customer satisfaction using T24 new ARC
  architecture with the embedded CRM capabilities,
  combined with delivery channels.

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• Thank You