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The latest news on Islamic finance, including Islamic banking, the Islamic financial industry and sharia-compliant finance. Read the latest news…

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. International Development Bank in Iraq goes live on Path Solutions' iMAL*BI 04 February 2021 Source: Path Solutions Path Solutions is pleased to announce that International Development Bank (“IDB”) in Iraq - one of the fastest growing banks in the region, has successfully gone live with iMAL*BI from Path Solutions. This project is fundamental to IDB’s digital transformation strategy to improve cust...

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Banking 05:02 pm Path Solutions is pleased to announce that International Development Bank (“IDB”) in Iraq - one of the fastest growing banks in the region, has successfully gone live with  This project is fundamental to IDB’s digital transformation strategy to improve customer experience, increase process efficiency, benefit from value-producing opportunities, and drive revenue. The new  i MAL*BI will therefore enable business agility while fostering innovation, competitive differentiation, and profitable growth. The implementation of  i MAL*BI at IDB was conducted remotely...

Path Solutions: iMAL Completes Annual Certification Renewal Exercise With AAOIFI Date iMAL. The recertification process of  i MAL demonstrates Path Solutions’ on­going efforts to maintain compliance with existing and newly issued AAOIFI Sharia and financial accounting standards. AAOIFI certification renewal also assures the public that the Islamic core banking system provider remains committed to adhering to the Sharia law, by staying current and abreast of changing industry regulations and environments. i MAL Islamic Core Banking Platform facilitates and automates Sharia-complia...