Abstract
The Holistic Islamic Banking System (HiCORE), a banking system suitable for virtual banking environment, created based on universityindustry collaboration initiative between Universiti Kebangsaan Malaysia (UKM) and Fuziq Software Sdn Bhd. HiCORE was modeled on a multitiered Simple - Services Oriented Architecture (S-SOA), using the parameterbased semantic approach. HiCORE’s existence is timely as the financial world is looking for a new approach to creating banking and financial products that are interest free or based on the Islamic Syariah principles and jurisprudence. An interest free banking system has currently caught the interest of bankers and financiers all over the world. HiCORE’s Parameter-based module houses the Customer-information file (CIF), Deposit and Financing components. The Parameter based module represents the third tier of the multi-tiered Simple SOA approach. This paper highlights the multi-tiered parameter- driven approach to the creation of new Islamiic products based on the ‘dalil’ (Quran), ‘syarat’ (rules) and ‘rukun’ (procedures) as required by the syariah principles and jurisprudence reflected by the semantic ontology embedded in the parameter module of the system.
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© 2009 Springer-Verlag Berlin Heidelberg
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Halimah, B.Z. et al. (2009). Multi-tiered S-SOA, Parameter-Driven New Islamic Syariah Products of Holistic Islamic Banking System (HiCORE): Virtual Banking Environment. In: Badioze Zaman, H., Robinson, P., Petrou, M., Olivier, P., Schröder, H., Shih, T.K. (eds) Visual Informatics: Bridging Research and Practice. IVIC 2009. Lecture Notes in Computer Science, vol 5857. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-05036-7_28
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DOI: https://doi.org/10.1007/978-3-642-05036-7_28
Publisher Name: Springer, Berlin, Heidelberg
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