Press Releases

Abu Dhabi – 12 October, 2016- Islamic Finance House Pvt.J.S.C (IFH) has successfully upgraded its existing core banking system, Temenos T24 to the latest version, R14. An enhancement which has given way to resource optimization, scalability management and shortened approval processes.

Affirming its commitment to providing a robust portfolio of Sharia’a compliant financial products, IFH is set on utilizing the latest tools and innovative products within the Islamic Banking sector to further exemplify its customer-centric focus.

Commenting on this T24 enhancement, Firdousi Maheen, the General Manager of Islamic Finance House, explained: “The framework of our operations is set on being able to rapidly respond to our customers’ varying needs and requirements. This migration will grant the operating team at IFH greater flexibility in conducting daily business, by optimizing internal processes.”

Firdousi also added “Ideas we once thought were inconceivable were actualized through technology. Being entrusted by our clients to always mold new products and services that are compliant with Sharia’a laws and regulations, refurbishing the T24 system goes hand in hand with IFH’s innovation strategy.”

Dispensing its product offerings along a heaping clientele base, IFH is set on always being a forerunner in implementing the latest technology within its operations. With branches located in both Abu Dhabi and Dubai, elevating the T24 system will further enable IFH to continue pioneering Sharia’a compliant financial solutions and widening its product offerings to meet the elevated demand within the UAE market.