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Islamic International Arab Bank goes live with iMAL powering expansion across its entire network

Path Solutions and Islamic International Arab Bank officially announce the successful Go Live of iMAL implementation spanning 16 different locations in Jordan.

Specifically in this deployment, Path Solutions implemented iMAL as the primary Core banking solution across IIAB entire network. The deployment also included alternative distribution channels like ATMs, POS, IVR & SMS services along with the integration with the Electronic Clearing Cheques and others which give the bank a consolidated view of all interactions while providing convenience to its customers through greater transaction touch points in addition to Consumer Financing, Corporate Financing and full Retail services.

Nihad Maraqa, IIAB Head of Operations’ division commented on this success saying: "With the new Core banking system, IIAB will be able to grow and expand its operations to stay ahead of the market, meeting all international standards and requirements. On this occasion, I would like to thank all teams for their great efforts and their will to complete and launch the second phase of this project”.

Commenting on the implementation process, Bassam Elayyan, Head of IT and the Project Manager at IIAB said: "Due to the essential need to update and deploy the latest technology in order to align the business need with the technical line, we have decided to consider iMAL which would improve our performance and enhance the services we provide to our customers”.
Mr. Elayyan also added that having a solid Core banking system will enable IIAB to introduce new delivery channels that meet customers’ demands and achieve IIAB top management strategy as one of the leaders in Islamic banking.
Mr. Elayyan was also quoted saying: “We are delighted that our technical and business team along with Path Solutions’ team have completed this project and went live successfully".

IIAB underpinned by iMAL solution now provides its customers with a greater range of Sharia-compliant products and services, powered by a new platform designed to enhance reporting capabilities and improve productivity and global decision making.

Alain Abou Khalil, Project Director at Path Solutions stated:”Our technical and business consultants have remarkably collaborated with IIAB team and spent great efforts towards the success of this milestone. We look forward to continuing to work closely alongside IIAB as they expand their business rapidly and stay ahead of the market”.

Acknowledging the extensive work provided by Path’s development, support and ICT teams, Mitri Karam, Path’s Project Manager said: “The combination of domain expertise and skills in cutting edge technologies has enabled us to manage the probability of all factors involved with this project and give true value-added support to IIAB”.