Newgen’s CLOS for
AI-first Shariah-compliant Islamic Commercial Financing Origination System
Automate and govern Shariah-compliant commercial financing from initiation to fulfilment. Newgen’s AI-first, low-code platform embeds Shariah rules from the first step, enforces asset-backed structures, defined profit and risk sharing, and prohibition of riba, and automates origination workflows, approvals, and profit calculations. It supports all Islamic banking products, contracts, and hierarchies while ensuring consistent Shariah compliance across the entire financing lifecycle.
“Newgen’s Islamic commercial origination platform has strengthened our ability to structure and originate Shariah-compliant financings with greater transparency and control. Automated workflows, rule-driven approvals, and seamless core integration have reduced processing time while improving risk oversight, governance, and customer confidence.”
Executive Vice President, Islamic Banking, Leading Bank
Learn what Newgen’s Islamic Commercial Financing Origination System can do for you
Omnichannel Financing Origination
Support initiation and enrichment of financing applications across web portals, mobile apps, and assisted branch or relationship-manager channels, allowing both customers and bank users to engage at different stages of the origination journey.
AI-driven Automated Financial Spreading
Leverage AI, OCR, and ML to extract financial data into configurable templates with high accuracy, enabling automated ratio analysis, DSCR computation, creditworthiness assessment, and year-on-year financial trend analysis through interactive visualizations.
Advanced Risk Assessment and Stress Testing
Get built-in stress testing and sensitivity analysis to evaluate the impact of changes in margins, interest rates, and other risk factors, supporting proactive identification and management of credit risk.
Parallel Processing for Faster Turnaround
Simultaneous execution of multiple origination activities through parallel task processing significantly reduces turnaround time while maintaining governance and control.
Configurable Approval Hierarchies and Disbursement Control
Support sequential and parallel approval workflows, including committee-based approvals, along with single and multi-tranche disbursements linked to predefined milestones or conditions and integrated with core banking or LMS systems.
Rule-driven Pre-qualification and Policy Enforcement
Apply configurable business rules to enforce pre-qualification checks, Risk Acceptance Criteria (RAC), Business Acceptance Criteria (BAC), exposure limits, and policy validations to ensure only eligible applications progress further.
Omnichannel Financing Origination
Support initiation and enrichment of financing applications across web portals, mobile apps, and assisted branch or relationship-manager channels, allowing both customers and bank users to engage at different stages of the origination journey.
AI-driven Automated Financial Spreading
Leverage AI, OCR, and ML to extract financial data into configurable templates with high accuracy, enabling automated ratio analysis, DSCR computation, creditworthiness assessment, and year-on-year financial trend analysis through interactive visualizations.
Advanced Risk Assessment and Stress Testing
Get built-in stress testing and sensitivity analysis to evaluate the impact of changes in margins, interest rates, and other risk factors, supporting proactive identification and management of credit risk.
Parallel Processing for Faster Turnaround
Simultaneous execution of multiple origination activities through parallel task processing significantly reduces turnaround time while maintaining governance and control.
Configurable Approval Hierarchies and Disbursement Control
Support sequential and parallel approval workflows, including committee-based approvals, along with single and multi-tranche disbursements linked to predefined milestones or conditions and integrated with core banking or LMS systems.
Rule-driven Pre-qualification and Policy Enforcement
Apply configurable business rules to enforce pre-qualification checks, Risk Acceptance Criteria (RAC), Business Acceptance Criteria (BAC), exposure limits, and policy validations to ensure only eligible applications progress further.
AI-first Shariah-compliant Islamic Project Financing
Digitize and govern complex Islamic project financing with embedded Shariah compliance, structured workflows, and deep project intelligence. Newgen’s Islamic Project Financing platform enables Islamic banks to manage large, asset-backed projects with confidence by automating origination, appraisal, approvals, disbursement, and monitoring across the full lifecycle.
Why Newgen’s Islamic Commercial Financing Origination System Is the Perfect Solution for Islamic Banks
End-to-end Shariah Coverage Across Financing Contracts
Provide comprehensive support for Islamic finance contracts including Ijarah, Murabaha, Tawarruq, Mudarabah, Musharakah, and Istisna, with built-in understanding of their structures, rules, and workflows, while allowing configuration aligned to bank-specific Shariah guidelines and policies.
Faster and Accurate Origination Through AI-led Automation
Accelerates onboarding and origination using AI-based ID recognition, OCR-driven data extraction, automated financial spreading, and built-in validations, resulting in faster processing, improved data quality, and reduced manual effort.
Stronger Credit Decisions with Integrated Risk Intelligence
Enables configurable risk scoring and internal rating models, stress testing, sensitivity analysis, and rule-based fast-track processing to support consistent, policy-aligned credit decisions while routing high-risk cases for deeper review.
Real-time Data Consistency and Governance
Integrates and triangulates data from multiple internal and external sources in real time, automatically highlighting mismatches and anomalies to improve decision reliability and reduce approval errors.
Proactive Portfolio Monitoring and Risk Control
Offers centralized tracking of collaterals, covenants, conditions precedent, and internal risk triggers, supported by AI-led portfolio monitoring and early warning alerts to detect stress early and take timely corrective action.
Operational Scale with Transparency and User Adoption
Delivers a bilingual, role-based user experience with Arabic and English support, right-to-left formatting, intelligent document management, and portfolio optimization insights, enabling scalable operations, strong governance, and wider institutional adoption.
Benefits of Newgen’s Islamic Commercial Financing Origination System
- Shariah-compliant commercial financing origination by design with native support for Murabaha, Ijara, Tawarruq, Mudarabah, Musharakah, and Istisna across diverse commercial use cases
- Faster and more consistent origination decisions through standardized Shariah-aligned workflows, rule-driven approvals, and automated profit and pricing calculations
- Reduced Shariah and credit risk by enforcing asset-backed structures, defined profit and risk-sharing rules, and policy controls throughout the origination journey
- Strong governance and regulatory assurance with audit-ready documentation, Shariah approval trails, and transparent decisioning across all financing applications
- Improved operational efficiency by automating onboarding, financial spreading, risk assessment, and contract structuring without manual intervention
- End-to-end visibility into customer exposure, financing structures, profit projections, collaterals, covenants, and approval status in real time
- Configurable and scalable origination workflows that adapt to evolving products, credit policies, and Shariah board guidelines without code changes
- Enhanced customer confidence through transparent structures, predictable approvals, and clear alignment with Islamic finance principles
Find Your Winning Strategy with Newgen
See Newgen’s low-code digital transformation platform in action. Request a demo of Newgen’s platform and industry-specific applications.
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