Email Contact Phone Company Visit Website

Kuwait Head Office

United Arab Shipping Company Bldg.Block 6, Bldg. 3, 1st Floor, Airport St.
Shuwaikh
KW

Kingdom of Bahrain Office

Office 21, 2nd Floor, Bldg. 20, Bahrain Tower Block 305, Road No. 385, Al Khalifa Avenue
Manama
BH

Malaysia Office

Suite #112, Pavilion, C-GF-08 Jalan Puteri 7/13, Bandar Puteri Puchong
Selangor
MY

United Arab Emirates Office

Unit No. R29-38Reef Tower, Jumeirah Lake TowersCluster O
487232 Dubai
AE

UK Office

Ground Floor23 Austin Friars
London
GB

Lebanon Office

Mkalles Highway, Mkalles 2001 Bldg., 3rd Floor
Beirut
LB

Egypt Office

Golden Gate Tower, Autostrad Rd.Western Maadi near Al Lasilky St., 7th Floor
Cairo
EG

India Office

Office 309, SCK 01, Smart CityKakkanad, Kochi
Kerala
IN

Kingdom of Saudi Arabia Office

Office No. 8402, 8th FloorNew Real Estate Bldg., Tower No. 4Al Malaz Area, Street No. 60
28774 Riyadh
SA

Kingdom of Morocco Office

Casa Twin Tower Business CenterTwin Center, Tour Ouest, Angle Boulevards Zerktouni & Al Massira16th Floor, Office No. 1605
Casablanca
MA

Pakistan Office

Office No. B-101 & B-1021st Floor Blossom Trade Centre Plot No. SB 25Block No. 1 Gulistan-e-Jauhar
Karachi
PK

Telephone

9611513444

Contact

Rim Richani
[email protected]
Back to all Path Solutions announcements

Amãna Bank goes live with iMAL*IslamicTreasury and iMAL*AssetManagement solutions

Path Solutions, the global Islamic core banking system provider, today announced that Amãna Bank, Sri Lanka’s first and only licensed commercial bank to fully operate on Islamic banking principles, went live on Monday April 25th with iMAL*IslamicTreasury and iMAL*AssetManagement solutions to manage the Bank’s operations.

iMAL*IslamicTreasury and iMAL*AssetManagement solutions have replaced a legacy Treasury and Equity Management Solution. The system will support all Islamic treasury requirements of Amãna Bank across a range of products, including FX, Promissory FX Operations, Money Market, and Equity Investments. The implementation was completed with successful data migration, reports developments and SWIFT interface.

Project Chairman, Amãna Bank’s Assistant Vice President IT, Rajitha Dissanayake commented, “One of the major goals in bringing iMAL onboard was to prepare the Bank’s system environment for the challenges of the future. In Path Solutions, we’ve found a dedicated partner to accompany us along the way. It wasn’t an easy task given the challenging timeframe of 24 days for system replacement, but things were made easy with the high level of professionalism and dedication shown by all stakeholders. Now, Path Solutions has a happy client that successfully migrated to iMAL*IslamicTreasury and iMAL*AssetManagement from a legacy Treasury Management system in a record time. The implementation covered treasury operations, asset management, accounting, reporting and limits management, which provide a holistic, real-time and centralized treasury platform for Amãna Bank. We look forward to strengthening our relationship with Path Solutions in order to meet the changing requirements in banking practices”.

Jacob Zachariah Karuvelil, Executive Vice President Global Professional Services & Global Support at Path Solutions emphasized the advanced project management and implementation methodologies applied by the dedicated project team, allowing Path Solutions to succeed in empowering Amãna Bank’s treasury and asset management operations within a very challenging timeframe of about three weeks.

Path Solutions provides a unique blend of proven expertise with advanced technologies, allowing its clients to achieve significant operational efficiencies, maintain a competitive edge and build on their leadership position.