Products of islamic Fintech or digital banking

It appears that Greensfin Innovation Pvt Ltd offers a range of Islamic banking and financing solutions, utilizing smart contracts and blockchain technology. Here’s a more detailed description of the various products and solutions they offer:

 

1. **BNPL (Buy Now Pay Later):**

   – BNPL offers credit sales on installments, either Murabaha (discloses cost price) or Musawama (non-disclosure of cost price).

   – Suitable for Islamic fintech, digital banks, or marketplaces serving consumers or merchants.

 

2. **EMI (Equal Monthly Installments):**

   – EMI can be facilitated through Murabaha and Musawama.

   – Designed for short-term financing needs.

 

3. **Supply Chain Financing:**

   – Used to help suppliers and FMCGs scale their businesses by purchasing on credit through Murabaha and Musawama.

 

4. **Merchant Financing:**

   – Merchant financing can also be structured using Murabaha and Musawama.

 

5. **Running Finance:**

   – Offers flexibility with Tijarah financing or diminishing Musharakah.

 

6. **Consumer Financing:**

   – Short-term options using Murabaha or Musawama.

   – Long-term options include Ijarah, Islamic leasing, or diminishing Musharakah financing.

 

7. **Deposit or Investment Products:**

   – These products can be structured using Musharakah, Mudarabah, or Wakalah Al Istismaar (investment agency agreement).

   – Suitable for both short-term and long-term investments, with varying weightages for different products.

 

In summary, Greensfin Innovation Pvt Ltd’s solutions leverage smart contracts and blockchain technology to streamline Islamic banking processes. They provide digital applications and websites for Islamic digital banking and fintech. Additionally, they explore the concept of virtual Sukuk (Islamic bonds) and virtual currencies backed by underlying fixed assets, which can be a promising area for innovation in the Islamic finance sector.

For further information please visit: Greensfin.com

 

1. #IslamicFinance

2. #Fintech

3. #Blockchain

4. #SmartContracts

5. #BNPL

6. #EMI

7. #SupplyChainFinance

8. #MerchantFinancing

9. #RunningFinance

10. #ConsumerFinancing

11. #DepositProducts

12. #InvestmentSolutions

13. #VirtualSukuk

14. #DigitalBanking

15. #FinancialInnovation

16. #IslamicEconomy

17. #Mudarabah

18. #Musharakah

19. #Ijarah

20. #SustainableFinance

Originally posted 2023-10-24 09:40:47.

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