Al-Arafah Bank goes online
Sunday, 17 June 2007
FE Report
Al-Arafah Islami Bank Limited went online with Ababil, an Islamic Shariah compliant and centralised banking solutions, developed by Millennium Information Solution Ltd recently.
A total of 22 branches out of 46 have been brought under software by the implementation team. Some of the branches of the bank have already started online operation successfully. The bank expects to bring its all branches under online operation with Ababil within next few months.
Through the system a number of real-time delivery channels including ATM, POS, SMS banking, phone banking and internet banking will be made available for clients of the bank.
The Shariah-based centralised and online operation of a bank with any locally-developed software is the first of its kind in the country. The online operation will help the bank provide improved and better services to its clients.
Al-Arafah Islami Bank Limited went online with Ababil, an Islamic Shariah compliant and centralised banking solutions, developed by Millennium Information Solution Ltd recently.
A total of 22 branches out of 46 have been brought under software by the implementation team. Some of the branches of the bank have already started online operation successfully. The bank expects to bring its all branches under online operation with Ababil within next few months.
Through the system a number of real-time delivery channels including ATM, POS, SMS banking, phone banking and internet banking will be made available for clients of the bank.
The Shariah-based centralised and online operation of a bank with any locally-developed software is the first of its kind in the country. The online operation will help the bank provide improved and better services to its clients.