About SAADIQIN TIJARA

About the business

SUMMARY

SAADIQIN TIJARA SDN BHD is a committed company with years of experience in developing, implementing, and maintaining the Islamic Core Financial System.

Saadiqin is an Islamic Core Financial System which are:

Developed based upon Shariah Contract-Based.
Developed using the latest technology making it relevant and affordable for any financial institutions.
The system is object-oriented designed, highly parameterized, and able to break the barrier between technical and business users therefore the fraud or risk management equipped well.

Contract-Based System

System designed based on the permissible contracts for Islamic Banking source of fund and application of fund products in ensuring compliance: -

Product configurations
Product processes and transactions.
Generate accounting entries.
Generate financial reports with true fields.

PROBLEM

Complete solutions for Islamic Financing System are very expensive.
Credit Coops are still on the manual mode and computerization are on a piece meal basis.
Low literacy rate among practitioners, regulators, and decision makers with respect to Islamic Finance & its digitalization.
Hence issues of Non-Compliance and late reporting to the authorities namely SKM and BNM respectively.

VALUE PROPOSITIONS

Affordable Price

SAADIQIN offers affordable solutions with very low and affordable entry cost for Small, Medium, or even large Cooperatives. Our affordable solutions will also be extended to GLC’s and some other smaller enterprises such as Credit companies, etc.

Modular Solutions & Ease of deployment (Cloud-based)

With the use of cloud-based hosting, implementation and deployment are going to take less than 48 hours. This will save lots of time and hardware, while cloud-based hosting nowadays is preferable by the business entity and at the same time it can save some costs.

Compliance to BNM & SKM guidelines

Financing system provided with the standard reporting tools that are complied with BNM & SKM guidelines provided, the enterprise or business entity can minimize the risk of human error and save time as unlike Banks, small enterprises such as Credit Coop are still on manual mode and the computerization is on a piecemeal basis. Therefore, this can lead to the issue of Non-Compliance and late reporting to the respective authorities.

SOLUTIONS

Cooperatives [SCIMS]

SCIMS or Saadiqin Cooperative Information Management System assists Cooperatives by providing the tools and process to realize Shariah rulings into systemic rules, contracts, and table processes in order to cater the financing and operational process provided by coops to its respective members.

Education [SAADIQIN i-EMULATOR]

Providing a platform for students & practitioners to learn and enhance their understanding of Muamalat Contract (Contract-Based) while experiencing the current real banking operation.

Financial Institution [SAADIQIN i-CORE]

An Islamic Core Financial System that was built from based up using the Muamalat contracts as the organizing principle in order to provide fully Shariah compliance in every aspect.

TARGET MARKET

Cooperatives [SCIMS]

1. 600 Credit Cooperative

2. Total of 13,400 Cooperative in Malaysia (ex: KPF, KOPETRO, KOPSYA & etc.)

Education [SAADIQIN i-EMULATOR]

Universities that are providing the Islamic Finance Study Courses (ex: UNIKL, IIUM, UIA & etc.)

Financial Institution [SAADIQIN i-CORE]

1. Government Linked Company (GLC)

2. Islamic Financial Institution

3. Banks (Ex: Bank Persatuan,AgroBank & etc.)

TRACTION

CURRENT:

PMB TIJARI BERHAD
KOPERASI PENDIDIKAN USAHAWAN BERHAD (KEKAL)
UNIVERSITAS MUHAMMADIYAH JAKARTA (UMJ)
INTERNATIONAL CENTRE FOR EDUCATION IN ISLAMIC FINANCE (INCEIF)

FUTURE:

COOPERATIVES
UNIVERSITIES
FINANCIAL INSTITUTIONS

PRODUCT

MARKETING STRATERGY

Marketing strategies are an important feature of any business in order to grow well in the market. With proper marketing strategies, we highly believed that we can excel more;

Agent/Referral/Collaboration

Collaboration with respective universities that provide Islamic Finance study, authorities such as Suruhanjaya Koperasi Malaysia (SKM) & Shariah-compliance company, we believe we can assist the cooperatives in order to cater to their financing and operation process.

Reseller

Appointment of high prolific Universities such as UNIKL, Angkatan Koperasi Kebangsaan Malaysia Berhad (Angkasa) can assists more as ANGKASA is one of the most very close with cooperatives and plays an important role in guiding the cooperative movement in Malaysia.

Social Media

The usage of social media as such as Facebook, Twitter, Instagram, or even LinkedIn can boost the introduction of Islamic Core Financing or Contract-based solutions and traction in the market.

Direct Engagement

1. Online engagement by appointment is needed as using our own website, we will set an appointment with the future client in order to make a presentation and also system walkthrough.
2. Engagement strategy or event marketing has shifted over the years from mass marketing to targeted marketing to today’s strategy of Customer Engagement Marketing (CEM), the process of creating and delivering timely, personalized messages to prospects and customers.

VISION

2021 - 2022: LOCAL
Will be fully focused on local (Malaysia) as with the current numbers of universities that are providing Islamic Finance study,13,400 number of cooperatives and few financial institutions.

2023 - 2024: REGIONAL
With maturing and support from the local market, the pursuant to the regional market is highly planned as with the numbers of cooperatives in Asia regional can boost the Islamic Core Financing or Contract-Based solutions sales. In Addition, Indonesia market for Education are already in-line due to current engagement with Universitas Muhammadiyah Jakarta (UMJ) in which can assists in providing more business.

2025 & Beyond: NATIONWIDE
Planning on globalizing the Islamic Core Financing or Contract-Based solutions will be implemented once the standing in regional is stabilized and matured.

COMPETITION

We positioned Saadiqin Tijara Sdn Bhd in 'Blue Ocean' as with modern digitalization, there are few big players that currently controlled the 'Red Ocean'. Therefore, we create our own market as with our affordable solutions and our proper target market as such as Cooperatives and Universities. Therefore, we highly believed that we can excel and stabilized in the market.