IslamicFinance.de

Premier Bank in Somalia has successfully gone live with Path Solutions’ iMAL Islamic Banking & Investment System on the 29th of December 2014. The implementation of the new R14 Branch Automation in the latest Java version serves the bank’s purposes of focusing on its business growth, managing risks and controlling costs. Phase I implementation covers System Admin, Accounting, Customer Service Management (CSM), Report Designer, SWIFT, Alerts (SMS Banking), and Processing modules in iMAL. Phase II implementation is already in progress and includes Facility Management System, Islamic Investment System, Provisioning, Profit Calculation System and Integration Manager modules along with Internet Banking, ATM, and Mobile Banking.