Pakistan Observer

Burj Bank Islamic banking solution

Staff Reporter

Thursday, February 07, 2013 - Karachi—Burj Bank Limited successfully went live with the iMAL Islamic Core Banking Solution, one of the most advanced Shari’ah compliant IT systems. iMAL is a new generation of comprehensive enterprise Islamic Banking and Investment System addressing the in-depth business functionality, and the state-of-the-art technology in a single highly integrated front.

It provides an effective Straight Through Processing (STP) functionality while meeting the Shari’ah rules and regulations. On the successful launch of the new system, Mr. Ahmed Khizer Khan – P&CEO Burj Bank said, that “We are making our IT system fit for the future by introducing iMAL. Enhancing security and expanding customer benefits are key criteria for the introduction of the new IT platform. Our vision is to become the Islamic Bank of Choice, and this transformation has bought us another step closer to achieving this customer centric vision.”

Along with the new solution, Burj Bank limited also launched its internet banking. The new internet banking allows customers to enjoy an array of new services including: Interbank funds transfer, utility bill payments, Email alerts, online statements, secure registration and much more.

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