Mahmud Hossain (left), Managing Director of MISL receiving the award in USA.
Millennium Information Solution Ltd (MISL), one of the leading software companies of Bangladesh has received a prestigious award from Global Finance, a US-based monthly business magazine.
Global Finance usually reports on the international finance sector, covering such topics as corporate finance, joint ventures and M&A, country profiles, capital markets, investor relations, currencies, banking, risk management, custody, direct investment and money management.
"Global Finance has honoured us for our flagship product-Ababil- which provides a complete solution for Islamic banking. Millennium designed and developed this shariah-compliant solution with many Islamic banking clients in Bangladesh," said Mahmud Hossain, Managing Director of MISL.
The MISL bagged the Global Finance award in 'Innovator in Islamic Finance, 2016' category.
He said MISL has also launched a number of new applications for Islamic banking. The solutions include core Islamic banking, mobile-banking applications, Internet banking, Islamic treasury activities, loan/proposal management, Islamic foreign exchange, off-shore banking, check requisition system, human resource management system and payroll, and employee performance management systems.
MISL, being one of the top ten (10) Islamic Banking Solution providers in the world (according to Gartner Inc.), made Al-Arafah Bank its equity partner to consolidate its position on flagship product 'Ababil' across the globe.
'Ababil' is currently being used by 8 banks and 2 NBFIs.
The company has more than 18 years of experience in this domain and is on the process of setting up its global office in Dubai soon.
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