Diversification of Islamic Financial Insturments
19
Product/ Process Middle East North Africa Malaysia Indonesia
monitored
closely
monitored
closely
Assets Takeover Very popular
scheme as this
helps reduce
complexity and
to transfer
assets to banks’
books
Popular scheme
as this helps
reduce
complexity and
to transfer
assets to banks’
books
Same as ME and
Africa
Same as ME and
Africa
Origination – Retail
(Ijarah, Istisna,
Mudharabah,
Musharakah,
Murabahah and
Tawarruq)
Advanced
requirements to
address
competitive
landscape
including Doc
Mgmt., Credit
Scoring and
Credit Control
before
disbursement
Advanced
requirements to
address
competitive
landscape
including Doc
Mgmt., Credit
Scoring and
Credit Control
before
disbursement
Same as ME and
Africa
Requirements
are still basic.
However, future
requirements
may match that
of ME and Africa
Origination –
Corporate (Ijarah,
Istisna, Mudharabah,
Musharakah,
Murabahah and
Tawarruq)
Advanced
origination
features for
various
business
requirements
like Project
finance,
Working capital
Financing, Term
financing
including
Financial
analysis,
workflow
definition, Doc
Mgmt., Credit
Scoring and
Credit Control
before
disbursement
Advanced
origination
features for
various
business
requirements
like Project
finance,
Working capital
Financing, Term
financing
including
Financial
analysis,
workflow
definition, Doc
Mgmt., Credit
Scoring and
Credit Control
before
disbursement
Same as ME and
Africa
Requirements
are still basic.
However, future
requirements
may match that
of ME and Africa
Source: Created by Author