Quick Verdict
Our take on Newgen Islamic Banking Solution
Newgen's AI-driven approach brings genuine digital transformation to Islamic banking. Its straight-through processing capabilities reduce operational costs significantly. Well-suited for UAE and KSA Islamic banks undertaking digital transformation initiatives.
Best for: Islamic banks seeking digital transformation with AI automation
What we like
- AI and automation-driven Sharia-compliant financing workflows
- End-to-end digital Islamic lending with straight-through processing
- Arabic language interface and bilingual documentation
- Integration with GCC central bank reporting systems
- Strong UAE and KSA regulatory compliance coverage
- Cloud-native option for faster deployment
What could improve
- Enterprise pricing — large bank budgets required
- Complex integration for legacy banking systems
- Requires Sharia supervisory board alignment
- Implementation 6-18 months depending on scope
Pricing plans
MENA feature check
Arabic interface
Full Arabic UI support
GCC data centers
Data stored in the region
Local payment methods
KNET, Mada, BENEFIT, etc.
Mobile app
Native iOS and Android apps
API access
Developer API available