The successful deployment of iMAL will provide BLME with high performance banking operations from front to back office utilising best-of-breed, ethically-aware technologies, which offer an effective way of managing transactions.
BLME selected iMAL Enterprise Solutions to fulfill its Shariaâa-compliant transactionsâ requirements in March 2007, having researched the leading system providers of IT solutions to Islamic financial institutions.
William Purdy, Head of Information Technology at BLME, reported:
âWith iMAL we have found a comprehensive software solution which is tailor made to adhere to principles that are at the core of our business as a wholly Shariaâa compliant bank. We believe that this implementation will allow us to respond to our increasing business requisites and will facilitate the delivery of high quality products and services to our customers.â
Alain Abou Khalil, Project Director at Path Solutions, said:
âThe swift and successful implementation at BLME is further testament to the continued excellence of Path Solutionsâ technology solutions. As part of our commitment to add significant value to our partners, iMAL will provide BLME with innovative, market leading technologies, which have proved highly successful in increasing efficiency of operations for Shariaâa compliant banks on a global basis.â