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MiBS is a robust, proven Syariah compliant Islamic Core-Banking solution that has won the approval of many Syariah panels. It is interest free and caters for the extensive and complex banking needs of individuals and corporations.

MiBS Islamic Core-Banking solution is in 24x7 real-time OLTP banking operations since 1996. The largest pure Islamic Bank in Malaysia is powered by MiBS.

MiBS Islamic Core-Banking solution subscribes to the multi-tier Open architecture. It drives branch clients on Windows or browser while employs relational database in the zSeries. Channels and sub-systems are fully integrated on MQ.

MiBS is extremely agile as a result of its business-object design. It is designed from the ground up without the encumbrance of conventional interest calculation work-around. Multi-currency and multi-financial institutional capability is built-in. New products are defined on the fly yet they are very user friendly.

Periodic enhancements
Ongoing maintenance
Research and development
Round-the-clock support

Our history of quick deployment and comprehensive knowledge transfer guarantees a successful roll-out. We are proud of our ZERO failure rate track record.

MiBS Islamic Core-Banking
Source of Funds services:
Al-Wadiah Yad Dhamanah Savings and Current Account
Al-Mudharabah General and Special Investment
Al-Musyarakah joint ventures

MiBS Islamic Core-Banking Application of Funds services:
Al Qardhul Hasan, Al-Bai Bithaman Ajil
Al-Murabahah, Bai Al-Istisna, Bai Al-Istijrar, Bai Ad-Dayn
Al-Ijarah, Al-Ijarah Thumma Al-Bai, Bai' ASSalam
Ar-Rahnu, Al-Kafalah or Al-Dhamanah, Al-Hiwalah, Al-Wakalah, As-Sarf
Al-Urj, Ad-Hibah

MiBS offers a single consolidated customer view across all modules and channels through the Customer Information File (CIF).

MiBS is complete with channels:
Branch delivery systems (BDS)
ATM, Cash Deposit, Cheque Deposit Machines, Kiosks
Internet, PDA, Phone and SMS Banking
Smart Card based services

MiBS comes complete with:
General Ledger
Cheque clearing and management
Security deposit
User Security and Control
  
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