Abu Dhabi – Islamic Finance House Pvt.J.S.C (IFH) has successfully upgraded its existing core banking system, Temenos T24 to the latest version, R14. An enhancement which has given way to resource optimization, scalability management and shortened approval processes.
Affirming its commitment to providing a robust portfolio of Sharia’a compliant financial products, IFH is set on utilizing the latest tools and innovative products within the Islamic Banking sector to further exemplify its customer-centric focus.
Commenting on this T24 enhancement, Firdousi Maheen, the General Manager of Islamic Finance House, explained: “The framework of our operations is set on being able to rapidly respond to our customers’ varying needs and requirements. This migration will grant the operating team at IFH greater flexibility in conducting daily business, by optimizing internal processes.”
Firdousi also added “Ideas we once thought were inconceivable were actualized through technology. Being entrusted by our clients to always mold new products and services that are compliant with Sharia’a laws and regulations, refurbishing the T24 system goes hand in hand with IFH’s innovation strategy.”
Dispensing its product offerings along a heaping clientele base, IFH is set on always being a forerunner in implementing the latest technology within its operations. With branches located in both Abu Dhabi and Dubai, elevating the T24 system will further enable IFH to continue pioneering Sharia’a compliant financial solutions and widening its product offerings to meet the elevated demand within the UAE market.
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About Islamic Finance House
Licensed and regulated by the Central Bank of the UAE, Islamic Finance House PvtJSC is an Abu Dhabi-headquartered Islamic finance company and a leading provider of Shari’a compliant solutions and financial services to individuals and corporate commercial clients.
The principal activities of the Company are Corporate Deposits, Corporate & Commercial Finance, Personal Fnance, SME Finance, Financial Services and Investments.
IFH is monitored and guided by an accredited Shari’a supervisory board, comprising a group of notable scholars from the Islamic banking industry.
For further information, kindly contact:
Wissam Farran- Manager
Group Corporate Communications
Finance House PJSC
Tel: +971 2 6194893
Fax: +971 2 6315806
Email: wissam.f@fh.ae
www.ifh.ae
© Press Release 2016
