ABG to deploy Misys Islamic banking system

DUBAI — The Bahrain based leading Islamic Banking conglomerate the Albaraka Banking Group B.S.C. (ABG) announced that it has finalised an agreement with Misys on behalf of certain ABG Group members.

According to this agreement ABG will be deploying Misys Equation Islamic core banking system.

The chairman of the board of directors of ABG, Shaikh Saleh Abdulla Kamel, said: "We are proud to see ABG advance steadily in achieving its development objectives which serve the communities in which it operates." ABG will install the state of the art core banking system which is an integrated, real-time, multi-currency banking system that helps organisations deliver competitive products and excellent service to customers. It supports consumer and corporate banking as well as treasury operations within a single platform.

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