Millennium Information Solution Ltd. (MISL) has been presented with "Gold" Award (1st Prize) as the "Islamic Finance Technology Service Provider of the Year 2024/2025"at the 10th Islamic Finance Forum for South Asia (IFFSA) Awards 2025, says a press release.
This award acclaims recognition to the company that has made the most significant impact in the area of Information Technology, specific to the Islamic Finance industry.
MISL has won the award for its own-developed Islamic Core Banking Solution- Ababil.
The committee considered nominations, which were evaluated by input of experts of the industry who assessed those banks and service providers that stand out for their transformative products and solutions
The 10th Islamic Finance Forum for South Asia (IFFSA) Awards Night was held recently in Colombo of Sri Lanka.
MISL is the only Islamic Core Banking Solution provider from Bangladesh which focuses solely on Islamic Banking and Finance. The organization has more than 20 years of experience in this sector.
Their flagship product, AbabilNG, is a state-of-the-art Islamic Core Banking Solution designed to meet the evolving needs of the Shariah banking industry. Leveraging a robust Java-based micro-services architecture, AbabilNG offers a comprehensive suite of features, including Advanced Shariah Compliance, Enhanced Customer Experience, Optimized Operational Efficiency, Scalability and Flexibility. Among other notable international awards, "Ababil" of MISL also received "The Innovators 2016- Islamic Finance" category by Global Finance Magazine, a leading finance magazine based in New York."Ababil" hasalso been rated by Gartner Inc., USA, as one of the top ten (10) Islamic Banking Solutions in the global arena. It has also been highly rated by Oracle Inc., IBM Inc. and its various modules are currently running in 19 banks and NBFIsof the country.
© 2025 - All Rights with The Financial Express
