Emirates global Islamic bank ltd (EGIBL) simultaneously launched operations of six branches using Auto Soft dynamics (Pvt) limited (ASD) purpose built Islamic banking solution Auto IBanker on February16, 2007.
ASD began working with EGIBL in November 2005 to deploy a truly shariah compliant solution already well positioned to become one of the country leading Islamic banks, Edible’s use of AutoIBanker and its complementing end to end product suite allows the bank efficiently and reliably scale to meet its growth projections.
With a strong consumer demand for a Islamic banking products, EGIBL’s selection of AutoIBanker indicates the bank strong commitment to its customers while conventional banking software can be modified to superficially suuperot Islamic needs, ture compliance with shariah regulations remains illusive.
AutoIBanker is purpose to built shariah compliant solution, incorporative the various complexities and myriad options involved in correctly provisioning products such as ijrah, Murabaha and pool management.
EGIBL’s deployment of AutoIBanker has contributed to the further maturing of the software solution.
Having worked extensively with banks of various sized and at different stages of growth ASD’s modular solution is well equipped to handle changing requirements.
During initial setting up phases, bank can incorporate key modules of the product suite and incrementally add new functional modules as the need arises. ASD’s product modules include trade finance (AutoTrade), treasury (ADAMS), commercial and consumer credit management (Auto credit) and human capital management (Auto HRM) systems. A comprehensive MIS system is attachable to all of these modules, which allows both central bank and management reporting.
Congratulating EGIBL’s management on launching six branches simultaneously, ASD’s Chairman and CEO Mr. Lutfullah Khan said, “We are delighted to be a part of emirates global Islamic bank’s success and look forward to supporting its growth”