Every asset, every branch, in one controlled ledger.
As banks grow their branch networks and digital services, the assets behind them grow too. KodevFAM gives the finance team one controlled record of all of them, with every change approved, posted to the general ledger and ready for audit.
- Runs beside your core banking system
- Built for Islamic banking
- Microsoft stack, no database licence
Month-end depreciation run · Sep
Awaiting checker
| Tag | Asset | Branch | Book | NBV (PKR) |
|---|---|---|---|---|
| FA-KHI-0038214 | ATM, cash recycler | Clifton | Own-use | 1,842,500 |
| IJ-LHR-0004417 | Vehicle, sedan | Gulberg | Ijarah | 3,215,000 |
Screen shown with sample data.
Premises, ATMs, IT, vehicles and Ijarah assets, one register.
One register
Every asset at every branch, ATM site and office, tagged with barcode or QR and traceable to its custodian.
Automatic accounting
Capitalisation, depreciation, transfers, revaluations and disposals post balanced journals to your core banking GL.
Maker-checker by design
No change reaches the books without a second person, a journal preview and a full audit trail.
Built for Islamic banking
Own-use assets and Ijarah assets kept on separate books, following IFAS 2 and IAS 16.
Adopted together, or in phases.
Start with the register, depreciation and GL integration; add Ijarah, verification and maintenance when you are ready.
Asset register
Type, branch, custodian and tag.
Capitalisation
PO, GRN, invoice and CWIP.
Depreciation
Monthly runs, book and tax.
Transfers
Branch and custodian moves.
Revalue, impair, dispose
Gain and loss worked out automatically.
GL integration
Journals to the core GL, daily reconciliation.
Ijarah and leases
IFAS 2 and IFRS 16.
Physical verification
Scan tags, find missing assets.
Maintenance
Warranty, service and Takaful.
Reports
Register, IAS 16 roll-forward and audit log.
Built for Islamic banking.
- Separate Ijarah book beside the own-use register, each with its own GL mapping
- Depreciation in line with IAS 16 over the Ijarah term; no annuity method, as IFAS 2 requires
- Delivery date recorded before rental and depreciation start
- Shariah terminology throughout: profit, Ijarah rental, Takaful
- Final treatment agreed with each bank’s Shariah Board
IFAS 2 reference: IFRS Foundation, Accounting standards for Islamic financial transactions in Pakistan (2018).
Nothing posts without a second pair of eyes.
- Maker-checker on every financial event; nobody approves their own entry
- Approval limits by amount, asset type and role
- GL codes checked with the core system first
- Failed postings held with the reason, ready to retry
- Daily reconciliation of the asset ledger to the GL
- IAS 16 roll-forward and full audit log, ready for auditors
Core banking stays the general ledger.
KodevFAM runs beside your core banking system, on the Microsoft technology your teams already use.
| Core banking | iMAL, T24, Finacle or FLEXCUBE, by API or file |
| Application | C#, ASP.NET Core on .NET 10 LTS |
| Hosting | Windows Server and IIS, on-premises |
| Sign-in | Active Directory, Windows logins |
| Database | MySQL 9.7 LTS, no licence fee; SQL Server also supported |
| Reporting | Built-in reports, Excel, Power BI |
A faster close and a cleaner audit.
Targets are proposals to agree with each bank.
Live on the core modules in about 16 weeks.
Phase 2 (weeks 17–26) adds Ijarah and leases, the verification app, maintenance and dashboards.
Discovery
Asset classes, GL mapping and policies confirmed.
Build and integrate
Configuration and core banking GL interface.
Data migration
Existing register loaded and reconciled.
Test, parallel run
UAT and a month-end in parallel.
Go-live
Live on the core modules with hypercare.
See KodevFAM working.
Ask us for a ten-minute live demo, run on sample bank data.