IslamicFinance.de

Path Solutions, provider of Islamic banking software, has announced the deployment and successful rollout of iMAL Islamic core banking system at all five Al Hilal Islamic Banking Services branches of Ahlibank. iMAL was implemented using Microsoft Windows OS and Sybase Software. According to Ahlibank CEO Abdul Aziz Al Balushi, iMAL will enable the delivery of Islamic banking products and services whilst ensuring full compliance with the Sharia guidelines and local regulations.

Abdul Aziz al Balushi, CEO of Ahlibank, said that the bank may convert some of the existing conventional branches to Islamic banking ones or may open more new Islamic banking branches. He added that services, products and dealing of Ahlibank's Al Hilal Islamic Banking Services are built on the tenets of truth and transparency, and are in accordance with sharia principles. Ahlibank is confident that Islamic banking will be a great success in Oman.