Finacle Islamic Banking Solution to Power UAE’s Emirates Islamic Bank

Published: 20th January 2015 04:34 PM  |   Last Updated: 20th January 2015 04:34 PM   |  A+A-

DUBAI/BENGALURU: Emirates Islamic Bank (EI), a leading Sharia-compliant banking institution in the Middle East, has selected the Infosys (NYSE: INFY) Finacle Islamic Banking solution to power its operations and to support its vision of making Dubai the center of global Islamic Banking.

With Finacle, EI can leverage a world-class platform that will enable the bank to serve its customers with greater efficiency, manage its operations more effectively, and meet the required reporting and compliance obligations.

The bank chose Finacle Islamic Banking Solution since it is a cost-effective, customer-centric and Sharia-compliant banking platform with proven scalability and a lean and open architecture for easy implementation.

With the Finacle solution, EI will be able to easily create a wide range of products and services that will be compliant with the stringent Sharia business rules and accounting rules.

Based on a modern Service-Oriented Architecture (SOA) platform with Straight Through Processing (STP) capabilities, the solution will enable greater operational efficiency and effectiveness for the bank.

The Finacle Islamic Banking Solution will also ensure transparency of accounting  and profit-sharing,  along with rigorous operational risk control.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp