Al Salam Bank selects Temenos T24 for Islamic banking

Al Salam Bank, a newly-formed Islamic bank in Bahrain, is deploying the T24 core banking platform from Swiss vendor Temenos to provide Sharia-compliant financial services to its account holders.

Be the first to comment

Al Salam Bank selects Temenos T24 for Islamic banking

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Temenos says it will install core T24 functionality, including Islamic, retail, corporate, treasury, trade and private banking capabilities. The platform will run on HP servers at the bank's Bahrain head office with Oracle 10G database software.

Yousif Taqi, CEO, Al Salam Bank, says it is critically important to ensure that the six-month old bank has the right technological foundation

"We are committed to providing clients with innovative and differentiated Sharia-compliant products and services through the utilisation of the latest available technology and in line with the highest international standards in the industry," says Taqi. "We chose Temenos because of its excellent track record in the Middle East region, having completed implementations for several Islamic banks."

Sponsored [New Impact Study] Mastering the Transition to ISO 20022: Strategies for Compliance and Automated Testing in Financial Services

Comments: (0)

[Webinar] Why real-time payments are a game-changer for corporate banking servicesFinextra Promoted[Webinar] Why real-time payments are a game-changer for corporate banking services