DIMINISHING MUSHARAKAH

Diminishing Musharakah is a partnership between Bank and customer in which, customer purchase the shares time to time from bank while paying the rent in respect of Bank ratio in the property.

Salient Features and Benefits:

• Musharakah Life Cycle Management
• Standardization and Reliability of All Financial Calculations
• Automated Voucher Generation throughout Diminishing Musharkah Cycle
• Parameterization of Musharakah Products to Create Variety of Products
• Tools to Monitor Performance of Credit and Recovery Officers
• Complete Follow-up on Cases in Litigation
• Dynamic MIS Report Generation Facility
• Complete Musharakah Life Cycle Maintenance including Application submission, Sanction, Re-sanction, Agreement, Discard, Reject, Disbursement, Repayment and Charges posting
• Flexible Generation of Schedule
• Early Termination, Partial Payments and Early Payment Facilities
• Rescheduling and Restructuring
• Remission Schemes Management
• Enhances Charges Management with Concept of Penalties
• Classification of Accounts and Risk Management