Shariah Finance – Azera

Azera is a peer to peer lending application that is developed on SaaS(software as a service) model. Azera is a product that aims at bridging the gap between bank offerings and market demands by connecting both lenders and borrowers. This will enable a company to offer short term finance without charging any interest to the borrower. However, profit will be shared with the investors as per the pre-agreed rate. 

Ensure that your bank and financial institution is at the forefront of Shariah FinTech with a complete Islamic Finance mobile application and system.  Azera is a state of the art shariah finance application that lets your bank conduct Mudarabah and Murabahah based finance via an app.

Benefits

Complete Loan Cycle Coverage

Our solutions makes lending easier by providing a complete solutions from onboarding, underwriting, tracking of status, collateral management, and portfolio management.

Timely Notifications

Customers will get the application notification for every repayment and the regular alerts for every succeed transactions.

 

Marketplace 

Lenders and borrowers can post their required criteria in the marketplace and further choose the best fit offer from the listing displayed at marketplace. 

Instant Approval

Borrowers upload their profiles and get instant approval. Borrower requests for the fund from the marketplace which is based on deals’ with lenders/investors.

Seamless Experience

Azera offers the most comprehensive portfolio of end-to-end loan management system in consumer & business lending.

Accounting Report

View a complete summary of your Collection, Loan, Expenses, dues, and Income Reports. Generate fast reports with accounting formula, hassle-free. 

How It Works

Case Studies

Rosebay Peer to Peer Lending Platform

Client: One of the leading company in Indonesia 

 

The company is a subsidiary of a leading parent company with main business in information technology and telecommunication, operating since 2002 in Indonesia. 

The Problem:

In Indonesia, there is a huge gap between what banks are offering and what the market demands. Indonesia has the lowest bankable population in the world at 35.9% of the country’s adult population. Having the world’s largest Muslim population and low penetration of sharia financing, Indonesia has the great potential for Sharia financing. Indonesia is yet to tap the full potential of the financial services market. 

Financial Services Authority (OJK) deputy commissioner Sarjito said the authority had recorded that from 50 peer-to-peer (P2P) lenders registered with the authority, only one, Ammana, was a sharia-compliant firm. (data of July, 2018).

In Indonesia, sharia financing also had the potential to give more financing to small and medium enterprises (SMEs). The problem with most of the SMEs is that they find challenges in securing finance from banking and other lending institutions. 

Building a system from scratch takes a long time and requires huge expenditure. Thus, SaaS model can help reduce the fintech companies CAPEX as well as the hassle and cost of maintaining on-premises infrastructure. 

 

The Solution: 

Rosebay Consulting has developed the application for peer to peer lending management with SaaS (Software as a Service) distribution model. Rosebay Platform is a product that aims at bridging the gap between bank offerings and market demands by connecting both lenders and borrowers. This will enable a company to offer short term finance without charging any interest to the borrower. However, profit will be shared to the investors as per the pre-agreed rate. 

Mobile penetration (148%) in Indonesia is more than banking penetration. The availability of app in both Android and IOS help cater to this number. Additionally, lenders and borrowers can avail the web application for all the functionalities provided by the mobile App which is specially targeted for the SMEs.

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