IslamicFinance.de

Bank Nizwa chose Path Solutions’ iMAL for its entire Islamic core banking solutions needs. The agreement was signed in Muscat between the Chairman of the Founding Committee of Bank Nizwa, Ahmed Saif Al Rawahi, and Path Solutions’ Group Chairman & CEO, Mohammed Kateeb. Witnesses at the ceremony were representatives of the founders of the Bank.
According to the agreement, Path Solutions will install at Bank Nizwa the state-of-the-art core banking system, iMAL which is an integrated, scalable and Sharia-compliant banking solution that helps financial institutions offer competitive Islamic products and unparalleled service to customers.

Dr Jamil el Jaroudi was named chief executive officer at Bank Nizwa.
Ahmed Saif al Rawahi, chairman of the Bank Nizwa Founding Committee, announced with pleasure this appointment, adding that Dr Jamil el Jaroudi brings many years of commercial experience has strong credentials in both Islamic banking and banking start-ups.
Dr Jaroudi has an MBA from Columbia University, and a PhD in finance from Kellogg School, Northwestern University, US.