Burj Bank Limited successfully went live with the iMAL Islamic Core Banking Solution, one of the most advanced Shari’ah compliant IT systems. iMAL is a new generation of comprehensive enterprise Islamic Banking and Investment System addressing the in-depth business functionality, and the state-of-the-art technology in a single highly integrated front.
It provides an effective Straight Through Processing (STP) functionality while meeting the Shari’ah rules and regulations………………………………………..Full Article: Source