Islamic bankingRSS

Bank Islam plans digital Islamic banking roll-out

Bank Islam Malaysia Berhad

Bank Islam Malaysia Berhad is working with consulting firm Cognizant to lay the foundation for its digital banking platform roll-out across its entire network. Encik Khairul Kamarudin, CEO of Bank Islam, says the move will bring “greater accessibility to our customers as well as simplifying and improving their banking experience with us”. According to the […]

ICSFS gains new core banking system client in Iraq, Al-Arabiya Islamic Bank

New core banking software project for ICSFS in Iraq

Al-Arabiya Islamic Bank (AIB), a greenfield bank in Iraq, has opted for the Islamic version of the ICS Banks core banking system from regional vendor ICS Financial Systems (ICSFS).

NDC migrates Sahara Bank to new core banking system, Temenos’ T24

New live site for Temenos' T24 core banking system in Libya

Libya-based Sahara Bank has gone live with new core banking software, Temenos’ T24 (R14). The project was carried out by Pakistan-based National Data Consultants (NDC), Temenos’ regional partner.

People’s Bank of Zanzibar to overhaul core banking tech with ICS Banks

People's Bank of Zanzibar in core banking tech overhaul with ICSFS

People’s Bank of Zanzibar (PBZ), a state-owned bank in Tanzania, has concluded its core banking system selection. The bank has signed a deal with ICS Financial Systems (ICSFS) to implement the vendor’s ICS Banks platform.

Emirates Islamic Bank live with new core banking system

Emirates Islamic Bank migrates to new core banking platform

Emirates Islamic Bank, a Shari’ah-compliant banking subsidiary of Emirates NBD, has migrated to a new core banking platform, Infosys’ Finacle.

New bank in Iraq selects BML Istisharat’s ICBS core banking system


Cortas Islamic Bank, a new Iraqi bank based in Erbil, has selected the ICBS core banking system from regional supplier BML Istisharat.

Islamic Finance House in Temenos T24 core banking system upgrade

Image source: IFH

UAE-based Islamic Finance House (IFH) has upgraded its core banking system to Temenos’ T24 R14 platform. IFH has been using T24 since its inception in 2004, and says the latest enhancement “has given way to resource optimisation, scalability management and shortened approval processes”.

Al Hilal Bank’s new CIO looks to collaborate with fintechs

Al Hilal Bank looks to partner with fintechs

UAE-based Al Hilal Bank has got a new CIO, Gopi Krishnan. He is calling on fintech CEOs to get in touch “to explore ways to collaborate”. Krishnan moves from another regional bank, Qatar Islamic Bank (QIB), where he was CIO since 2012. Prior to that, he was with BankMuscat International as programme director in charge […]

Sungard out, Path Solutions in at Amãna Bank


Sri Lanka-based Amãna Bank has gone live with new treasury and asset management software, supplied by Path Solutions. The new products, iMAL Islamic Treasury and iMAL AssetManagement, replaced a legacy treasury and equity management platform at Amãna. Banking Technology understands that this was Sungard’s Ambit Treasury Management. The new software interfaces to Swift and supports […]

Bank of Punjab automates Islamic treasury; implements new RTGS system

Bank of Punjab: " Passion Reborn"... for RTGS and Islamic treasury software

Pakistan-based Bank of Punjab (BOP) has extended its partnership with local software vendor Autosoft Dynamics. Autosoft will implement its new real-time gross settlement (RTGS) system, AutoRTGS, at the bank and will also extend the coverage of the Adams treasury system to support Islamic banking. BOP is already a user of Adams for conventional banking operations. […]