Product  Development
 
   
 

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
   
   
  1) Assets Morabaha Personal finance  
   
  2) Assets Shares Personal finance
   
  3) Assets Tawaroq Personal finance
   
  4) Assets Mortgage - Land Finance
   
  5) Assets Mortgage - Home Finance
   
  6) Assets Mortgage - Construction finance
   
  7) Assets Shares Margin Trading
   
  8) Assets Credit Card
   
  9) Assets Personal Overdraft
   
  10) Liability Time Deposit Account
   
  11) Liability Saving Account
   
 

 
  Commercial Products
 

 
   
  1) Assets Letter of Credit  
   
  2) Assets Letter of Guaranty
   
  3) Assets Morabaha Commercial fina
   
  4) Assets Master Lease Agreement
   
  5) Assets Tawarrouq Commercial finance
   
  6) Assets Commercial Overdraft
   
  7) Assets Time Deposit
   
  8) Fiduciary Salam Inventory Finance
   
  9) Fiduciary Estesna'a Project Finance
   
  10) Fiduciary Off Balance Sheet Inve. Finance
   
 

 
  Investment Products
 

 
   
  1) Fiduciary Takaful Business  
   
  2) Fiduciary Sukook
   
  3) Fiduciary Real-Estate Dev. Fund (REDF)
   
  4) Fiduciary Real-Estate Income Fund (REIF)
   
  5) Fiduciary Auto Receivables Income Fund
   
 

 
  Treasury Products
 

 
   
  1) Fiduciary Options (Orboon)  
   
  2) Assets Interest rate SWAP (ISWAP)
   
  3) 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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