ADIB to implement iMAL throughout its branches

Abu Dhabi Islamic Bank (ADIB) has chosen Path Solutions’ Islamic Integrated Banking and Investment System (iMAL) to fulfil its banking operations.

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By  Zoe Moleshead Published  February 12, 2001

Abu Dhabi Islamic Bank (ADIB) has chosen Path Solutions’ Islamic Integrated Banking and Investment System (iMAL) to fulfil its banking operations, in accordance with Islamic Sharia principles. The system will be deployed throughout the bank’s headquarters and branches.

To support the bank’s Integrated Banking and Investment System, iMAL will incorporate applications covering Accounting, Customer Management, Account Services, Funds Transfer/Payments and Fund management.

Abdul Rahman A Abdul Malik, chief executive officer of ADIB, said, “ADIB is expanding its operation, and our customers require high technology service delivery channels. The bank is in an on-going process of establishing state-of-the-art delivery channels with a good mix of physical and non-physical presence.”

"Path Solutions offerings provide a range of new and innovative knowledge tools and service programs, which enable ADIB to deal effectively with our own requirements, as well as our customer needs, technological complexity and change,” added Malik.

"iMAL fulfilled the bank’s requirements for a reliable system that is easy to use, and could be implemented rapidly to meet the tight deadlines we were working to. Other factors which influenced our decision were the system's robust functionality that addresses the Islamic financial institutions’ business needs, and the deployment of this system in similar organisations within the Middle East,” explained Malik.

iMal addresses the full spectrum of Islamic products and enables the user to create new products in accordance with the Sharia' laws.

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