As Islamic banking continues to grow globally on double digit basis (approximately 17% in 2013) and is growing much faster than Conventional banking in several markets in the Middle East, the finance sector continues to be an attractive area for investment. But companies soon hit a wall of reality despite their fiscal discipline. The reason: the finance sector’s fundamentals are different in this region and myriad factors are in play. We help companies with our wide expertise and experience in developing effective financial solutions that are especially attuned to the regional market.
New-age Islamic financing has developed as a formidable alternative to traditional banking. Pyramid SMC assists conventional banks and financial institutions with conversion strategy that taps into this new discipline of Islamic financing. We assist Islamic banks/financial institutions in product development and preparation of policies and procedures.
Transforming from Conventional to Islamic
We study potential impact due to conversion from Convetional to Islamic, recommend strategy and assist in conversion process of customer accounts.
Compliant financial products
Structure Sharia’a compliant retail banking products in coordination with bank’s management and Sharia’a Advisors.
Creating a transparent operating field
Defining the roadmap for proper implementation of Sharia’a compliant products.