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					T24 Islamic Banking
                       Dr Mohamed Goneid
                       Business Deveopment
                       Middle East & Gulf
Dubai, June 1st 2008
TheTrillion Dollar Cake



                                               End 2006
                                                   2010


                                                    Brunei, 15             UK, 15
                                    Indonesia, 27         Turkey, 9

                                Malaysia, 98
                                               UK, 10                    Turkey, 16
                                                                      Saudi Arabia,
                            Pakistan, 24
                                                                          100       Saudi Arabia,
                Sudan, 28                                                      UAE, 33 400
                        Iran, 320
                                                                              Kuwait, 24
               Quatar, 50
                                                                                     Bahrain, 12
                                                                                        Quatar, 8
                    Bahrain, 66
                                                                                       Sudan, 4
                                                                                    Pakistan, 2
                                              Brunei, 3
                                    Kuwait, 110
                                                                UAE, 150 3
                                                                 Indonesia,          Malaysia, 38




   Billion of USD

                                                                                                    Slide 2   MEFX June 2008
The Challenge
                Slide 3   MEFX June 2008
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 Slip…Except the LIVE Date….




                                                         Slide 4   MEFX June 2008
The Challenge

    Islamic Banking is Bubbling!!!



                        Wide and
                        Variable
                        Islamic Products Offering…


                        New Products need to be
                        developed as fast as we
                        think of them




                                                  Slide 5   MEFX June 2008
How to Achieve Adaptability…

                               Slide 6   MEFX June 2008
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



                                                                       Slide 7   MEFX June 2008
Traditional Architecture




                                      Channels


                                      Application
          CRM              Branch                      Internet         Call Centre
                                      processing




                             Middleware / Orchestration

         Lending           Deposits    Payments     Trade Finance       Securities




                                      Products




                                                                    Slide 8     MEFX June 2008
New Architecture

                                 Support Services

                                   Products &
                                    Services

                                  Orchestration

                                       CRM


                                    Channels




                   Operational
                                    Customer



                                      Branch




                                      Security




                                                    Slide 9   MEFX June 2008
The Product Builder

                      Slide 10   MEFX June 2008
Product Organisation / Hierarchy


 Product Line               Cars        Finance




 Product Type             3 Series       Retail




  Product Group            Saloon      Murabaha




 Product Family              SE           Cars




                          320i SE    Retail Murabaha
 Products
                          Saloon       Car Finance


                                                       Slide 11   MEFX June 2008
We build Islamic Products like Cars, by assembling components


                           Accounting Parameters                                Body styles


                                                    Product
                                                    Description &
        Engines                                     Charges
                                                    Booking



     Assemble Parts
                                                                       320i SE Saloon
    Integrate with GL
                                                                       Reatil Murabaha
                                                                       Car Finance
     A&L categories
     Profit categories



                                                   Profit Calculation Method
                                                   Payment Schedules
                                                   Zakat Booking, etc..

                  Transmission
                                                                                          Wheels

                                                                               Slide 12        MEFX June 2008
Steps to Develop a New Product:


          1.            Define Product Description & Charges Booking



                           Define Product Accounting Parameters
           2.


           3.               Define Recommend Profit for Product




           4.   Define Finance Charges & Asset Categories & Profit Categories




           5.               Integrate with GL & Financial Reports



           6.               Deploy: Define the product Workflow




                                                                                Slide 13   MEFX June 2008
The Challenge




How to accelerate implementations…

                               Slide 14   MEFX June 2008
“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




                                                  Slide 15   MEFX June 2008
 TEMENOS does offer this….
T24 Islamic Model Bank Architecture

         Reuters
                                  Desktop/      ATM’s,         T24
         Telerate                 Browser       POS &        Internet   Etc.
                                                Mobiles,       Bank
         Others...
                                                Delivery Channels




                                                                                    Customisations
                     Interfaces




                                                                                        Local
        Local
       Clearing
                                              T24 Universal
                                             Islamic Banking




                                         Statutory Reporting
         SWIFT

                                                                               Slide 16          MEFX June 2008
Differentiators…
                   Slide 17   MEFX June 2008
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.




                                                                         Slide 18   MEFX June 2008
Thank You…

				
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