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End-to-end Islamic contract fulfilment     |     80+ pre-built integrations     |     Up to 80% reduction in application TAT    |    Fully Shariah-compliant by design     |     Paperless digital operations     |     Up to 60% lower operational costs     |     End-to-end Islamic contract fulfilment     |     80+ pre-built integrations     |     Up to 80% reduction in application TAT    |    Fully Shariah-compliant by design     |     Paperless digital operations     |     Up to 60% lower operational costs     |     End-to-end Islamic contract fulfilment     |     80+ pre-built integrations     |     Up to 80% reduction in application TAT    |    Fully Shariah-compliant by design     |     Paperless digital operations     |     Up to 60% lower operational costs     |     End-to-end Islamic contract fulfilment     |     80+ pre-built integrations     |     Up to 80% reduction in application TAT    |    Fully Shariah-compliant by design     |     Paperless digital operations     |     Up to 60% lower operational costs     |     End-to-end Islamic contract fulfilment     |     80+ pre-built integrations     |     Up to 80% reduction in application TAT    |    Fully Shariah-compliant by design     |     Paperless digital operations     |     Up to 60% lower operational costs     |     End-to-end Islamic contract fulfilment     |     80+ pre-built integrations     |     Up to 80% reduction in application TAT    |    Fully Shariah-compliant by design     |     Paperless digital operations     |     Up to 60% lower operational costs     |    

“With Newgen, we are able to originate and service Islamic retail financing across multiple products on a single platform. Embedded Shariah controls, AI-led automation, and seamless integrations have improved turnaround time and ensured consistent compliance throughout the financing lifecycle.”

Executive Vice President – Retail Islamic Banking

Learn what Newgen’s Islamic Retail Financing Solution can do for you

Enable End-to-end Shariah-compliant Retail Financing

Digitize and manage the complete retail Islamic finance lifecycle from origination to servicing, collections, and recoveries. Support multiple retail lines of business including personal finance, vehicle finance, real estate or housing finance, and credit cards, with full adherence to Shariah guidelines.

Deliver Omnichannel Retail Origination at Scale

Allow customers and bank teams to initiate and progress Islamic financing applications across web portals, mobile applications, and branch or back-office channels. Enable assisted and self-service journeys where applications can be initiated, enriched, and completed seamlessly.

Automate Shariah-compliant Contract Fulfilment

Support end-to-end fulfilment of Islamic retail contracts including Murabaha, Tawarruq, Ijarah, and Istisna across multiple product lines. Enable real-time pre-eligibility checks, AI-based risk scoring, asset and commodity buy-sell transactions, leasing structures, flexible repayment schedules, and profit accrual strictly on disbursed amounts.

Accelerate Decisions with AI-led Origination and Approvals

Leverage AI-powered onboarding, financial analysis, and underwriting through automated data capture, document processing, and configurable rule-driven credit workflows. Support sequential and parallel approvals, committee processing, deviation handling, and fully traceable decisioning.

Simplify Servicing with Shariah-aligned Finance Management

Manage Islamic retail financing post-disbursement with Shariah-compliant servicing, automated profit calculation and accrual, flexible repayment handling, rescheduling and deferments, early settlement and buyout scenarios, delinquency workflows, and double-entry accounting aligned to asset-based financing principles.

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Strengthen Collections, Recoveries, and Portfolio Control

Operate end-to-end collections and recovery management across soft, mid, and hard collections. Enable customer-centric collections, AI-led strategies, skip tracing, legal and recovery workflows, performance tracking, regulatory reporting, and proactive portfolio monitoring through dashboards and analytics.

Enable End-to-end Shariah-compliant Retail Financing

Digitize and manage the complete retail Islamic finance lifecycle from origination to servicing, collections, and recoveries. Support multiple retail lines of business including personal finance, vehicle finance, real estate or housing finance, and credit cards, with full adherence to Shariah guidelines.

Deliver Omnichannel Retail Origination at Scale

Allow customers and bank teams to initiate and progress Islamic financing applications across web portals, mobile applications, and branch or back-office channels. Enable assisted and self-service journeys where applications can be initiated, enriched, and completed seamlessly.

Automate Shariah-compliant Contract Fulfilment

Support end-to-end fulfilment of Islamic retail contracts including Murabaha, Tawarruq, Ijarah, and Istisna across multiple product lines. Enable real-time pre-eligibility checks, AI-based risk scoring, asset and commodity buy-sell transactions, leasing structures, flexible repayment schedules, and profit accrual strictly on disbursed amounts.

Accelerate Decisions with AI-led Origination and Approvals

Leverage AI-powered onboarding, financial analysis, and underwriting through automated data capture, document processing, and configurable rule-driven credit workflows. Support sequential and parallel approvals, committee processing, deviation handling, and fully traceable decisioning.

Simplify Servicing with Shariah-aligned Finance Management

Manage Islamic retail financing post-disbursement with Shariah-compliant servicing, automated profit calculation and accrual, flexible repayment handling, rescheduling and deferments, early settlement and buyout scenarios, delinquency workflows, and double-entry accounting aligned to asset-based financing principles.

advance-processing-icon

Strengthen Collections, Recoveries, and Portfolio Control

Operate end-to-end collections and recovery management across soft, mid, and hard collections. Enable customer-centric collections, AI-led strategies, skip tracing, legal and recovery workflows, performance tracking, regulatory reporting, and proactive portfolio monitoring through dashboards and analytics.

Why Newgen’s Islamic Retail Banking Solution Is the perfect solution for Islamic Banks

End-to-end Shariah-compliant Retail Financing Coverage

End-to-end Shariah-compliant Retail Financing Coverage
Supports the complete Islamic retail financing lifecycle from origination to servicing, collections, and recoveries across personal finance, vehicle finance, real estate or housing finance, and card-based offerings, with embedded Shariah compliance across applicable contract types such as Murabaha, Tawarruq, Ijarah, and Istisna.

Faster Retail Origination Through AI-led Automation

Accelerates customer onboarding and application processing using AI-based ID recognition, OCR-driven data capture, automated financial analysis, and built-in validations, enabling faster approvals, improved data accuracy, and reduced manual intervention.

Consistent and Governed Credit Decisioning

Enables rule-driven retail credit workflows with configurable approvals, committee processing, deviation handling, and traceable decision paths to ensure consistent, policy-aligned underwriting across Islamic retail products.

Seamless Integration and Data Consistency Across Systems

Integrates with core banking systems, KYC providers, credit bureaus, document execution platforms, and e-signature services to ensure real-time data consistency, smooth processing, and minimal disruption to existing infrastructure.

Shariah-aligned Servicing and Accounting Control

Simplifies post-disbursement management through Shariah-compliant servicing, automated profit calculation and accrual, flexible repayment handling, rescheduling, early settlement scenarios, and asset-based accounting aligned with Islamic principles.

Intelligent Collections, Recoveries, and Portfolio Oversight

Strengthens retail portfolio control through customer-centric collections, AI-led recovery strategies, delinquency workflows, legal and recovery tools, real-time performance tracking, and regulatory reporting with full transparency and governance.

End-to-end Shariah-compliant Retail Financing Coverage

End-to-end Shariah-compliant Retail Financing Coverage
Supports the complete Islamic retail financing lifecycle from origination to servicing, collections, and recoveries across personal finance, vehicle finance, real estate or housing finance, and card-based offerings, with embedded Shariah compliance across applicable contract types such as Murabaha, Tawarruq, Ijarah, and Istisna.

Faster Retail Origination Through AI-led Automation

Accelerates customer onboarding and application processing using AI-based ID recognition, OCR-driven data capture, automated financial analysis, and built-in validations, enabling faster approvals, improved data accuracy, and reduced manual intervention.

Consistent and Governed Credit Decisioning

Enables rule-driven retail credit workflows with configurable approvals, committee processing, deviation handling, and traceable decision paths to ensure consistent, policy-aligned underwriting across Islamic retail products.

Seamless Integration and Data Consistency Across Systems

Integrates with core banking systems, KYC providers, credit bureaus, document execution platforms, and e-signature services to ensure real-time data consistency, smooth processing, and minimal disruption to existing infrastructure.

Shariah-aligned Servicing and Accounting Control

Simplifies post-disbursement management through Shariah-compliant servicing, automated profit calculation and accrual, flexible repayment handling, rescheduling, early settlement scenarios, and asset-based accounting aligned with Islamic principles.

Intelligent Collections, Recoveries, and Portfolio Oversight

Strengthens retail portfolio control through customer-centric collections, AI-led recovery strategies, delinquency workflows, legal and recovery tools, real-time performance tracking, and regulatory reporting with full transparency and governance.

Benefits of Newgen’s Islamic Retail Financing System

  • End-to-end contract fulfilment across Murabaha, Tawarruq, Ijarah, and other Islamic structures for Cash Finance, Auto Finance, and Real Estate Finance, enabling straight-through processing from initiation to disbursal and post-disbursal monitoring
  • Faster finance booking through 80+ out-of-the-box integrations with KYC, credit bureaus, document execution, e-signatures, and core banking systems, reducing manual effort by up to 50% across onboarding and verification stages
  • Instant STP processing enabled by AI-led decisioning and rule-driven approvals, reducing application turnaround time by up to 80% while maintaining Shariah compliance and governance controls
  • Strong regulatory and Shariah compliance with automated enforcement of Shariah rules, audit-ready documentation, approval trails, and continuous monitoring across the entire retail finance lifecycle
  • Improved underwriting quality and reduced error rates through intelligent data validation, automated form filling, AI-powered credit decisioning, and real-time risk scoring
  • Paperless, digital-first operations through centralized document management, system-generated contracts, and e-signatures, eliminating physical paperwork and manual handling
  • Scalable productivity gains through low-code configuration, multilingual and omnichannel support, and AI-driven personalization, reducing operational costs by up to 60% while supporting rapid product rollout

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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