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Path Solutions: iMAL Islamic Core Banking Platform

iMAL is a new generation of comprehensive Enterprise Islamic Banking and Investment Sys- tem addressing the in-depth business functionality and the state-of-the-art technology in a single, highly integrated front, middle and back office system, providing an effective Straight Through Processing-STP. iMAL is based completely on the Sharia guidelines and is AAOIFI (Accounting and Auditing Organisation

  • Editorial Team
  • May 12, 2021
  • 1 minute

iMAL is a new generation of comprehensive Enterprise Islamic Banking and Investment Sys-
tem addressing the in-depth business functionality and the state-of-the-art technology in a
single, highly integrated front, middle and back office system, providing an effective Straight
Through Processing-STP.

iMAL is based completely on the Sharia guidelines and is AAOIFI (Accounting and Auditing Organisation for Islamic Financial Institutions)-certified and IAS (International Accounting Standards)-compliant.

iMAL offers Islamic financial institutions a comprehensive solution addressing all their business requirements.

The solution offers full support to various functions within the organisation including:

• Core Banking

• Investment

• Fund Management

• Portfolio Management

• Assets & Liabilities Management

• Treasury

• Profit Calculation

• Accounting & MIS

• Fixed Assets

• Personnel & Payroll

• NostroVostro Management

• Trade Finance

• CIF Management

• Facilities Credit Operations.