HAYKALAH Structuring Islamic Financials - Our services Financial Institution Services

To insure and advise on the creation of a “new generation” of Shari’a compliant financial products that compete in every respect with mainstream non-Islamic products. We Develop traditional, as well as innovative, Islamic structures on a product-by-product basis: We are constantly endeavoring to identify new Islamic structures; we believe this aspect of our work will assist the whole of the Islamic market in expanding into new and innovative products.

Re-structure existing leading conventional products to be Shari'a compliant: Our research has shown that there are many conventional products in the market that can be converted to become compliant with Shari'a law. Our service in this respect involves working with conventional product providers and assisting them to convert the conventional product structure to an Islamic one.

What is HAYKALAH's Range of Services?

• Assets

• Liability

• Fiduciary

Covering the main financial areas:

• Consumer

• Commercial

• Investment

• Treasury

What are HAYKALAH products lists?

Consumer Products

Assets Morabaha Personal finance
Assets Shares Personal finance
Assets Tawaroq Personal finance
Assets Mortgage - Land Finance
Assets Mortgage - Home Finance
Assets Mortgage - Construction finance
Assets Shares Margin Trading
Assets Credit Card
Assets Personal Overdraft
Liability Time Deposit Account
Liability Saving Account

Commercial Products

Assets Letter of Credit
Assets Letter of Guaranty
Assets Morabaha Commercial fina
Assets Master Lease Agreement
Assets Tawarrouq Commercial finance
Assets Commercial Overdraft
Assets Time Deposit
Fiduciary Salam Inventory Finance
Fiduciary Estesna'a Project Finance
Fiduciary Off Balance Sheet Inve. Finance

Investment Products

Fiduciary Takaful Business
Fiduciary Sukook
Fiduciary Real-Estate Dev. Fund (REDF)
Fiduciary Real-Estate Income Fund (REIF)
Fiduciary Auto Receivables Income Fund

Treasury Products

Fiduciary Options (Orboon)
Assets Interest rate SWAP (ISWAP)
Assets Enter Bank lending (C-U-Lah)

What is HAYKALAH's main delivery?

• Business Plan
• Underlying Structure
• Shari’a Approval
• Process Flow
• Initial legal contracts, application forms and documents
• Accounting Entries
• Training the Trainer

What is HAYKALAH's Main Guide/Support?

• IT & Systems Modification
• Policy & Procedures
• Finance & Accounting
• Legal Documents Approval
• Audit Approval
• External Regulatory Approval

What is HAYKALAH's Pricing Methodology?

• Project Basis and/or
• Performance Based

What does HAYKALAH Guarantee?

• Performance
• Integrity
• Confidentiality
• Quality
• Timeliness
• Competitive Edge
• Cost effective solutions

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Islamic Branch Transfer

When a your Bank or a Financial Institution wants to transfer certain or all of its branches from Conventional to Shari’a-Compliant business basis within a set time frame and within the guide lines of the Bank’s Vision, Strategy, and Position as well as its internal capabilities, which has become a proven strategy that many Banks are using today, HAYKALAH offers a unique Shari’a-Compliant Branches Transfer Package that uses a unique team that established, planned and handled this new era in the Shari’a-Complaint Banking Industry.

HAYKALAH approach, methodology, rationale, and Scope of Work, divided over the following stages:

• Investigation Stage
• Proposal Stage
• Infrastructure Stage
• Implementation Stage

Each stage has a number of identified tasks for development and completion and the Project is proposed by HAYKALAH's as a complete, comprehensive and solid solution.

What is HAYKALAH's main delivery?

• Business Plan
• Underlying Structure
• Shari’a Approval
• Process Flow
• Initial legal contracts, application forms and documents
• Accounting Entries
• Training the Trainer

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