Islamic Finance House in Temenos T24 core banking system upgrade
UAE-based Islamic Finance House (IFH) has upgraded its core banking system to Temenos’ T24 R14 platform.
IFH has been using T24 since its inception in 2004, and says the latest enhancement “has given way to resource optimisation, scalability management and shortened approval processes”.
Firdousi Maheen, general manager of IFH, says “refurbishing the T24 system goes hand in hand with IFH’s innovation strategy”.
“Ideas we once thought were inconceivable were actualised through technology,” he states.
IFH specialises in Shari’ah-compliant consumer and commercial finance, and proprietary investing. It has branches in Abu Dhabi, Dubai and Sharjah, and is listed on the Abu Dhabi Securities Exchange. Its total assets as of 30th June 2016 stand at AED 4.4 billion ($1.2 billion).
Image source: IFH
