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Millennium & Bangladesh Bank organizes a seminar on Islamic Banking Software
July 17, 2005

Millennium Information Solution Ltd. (Millennium) & Bangladesh Bank has jointly organized a seminar on “Islamic Online Banking Software (Ababil)' on July 11, 2005 at Bangladesh Bank Training Academy to create awareness and Shariah implementation on Islamic Banking Sector. Mr. Md. Akhtaruzzaman, General Manager Bangladesh Bank Training Academy (BBTA) was present as Chief Guest in the program. Mr. Yusuf Haroon Abedi, General Manager, Department of Banking Inspection and Mr. Abdus Samad Sarkar, Additional Director (BBTA) was present there as special guest. The seminar was conducted by Mr. Abdul Bareque, Joint Director of BBTA.

Mr. Md. Akhtaruzzaman, in his keynote speech, requested all the members of Department of Banking Inspection and other respective members of different departments to make themselves acquainted with the latest tools & technology in the Islamic Banking Sector. He also gave some comprehensive guidelines on how to inspect shariah implementation in Islamic Banking. At the end of the speech he also thanked Mr. Mahmud Hossain to develop such robust and challenging software for Islamic Banking complying with shariah requirements.

Mr. Mahmud Hossain in his speech told that Millennium is a company, which is committed to produce consistent and quality software solution for its local as well as overseas clients. “Millennium is the largest export software company in Bangladesh & Ababil-Integrated Islamic Online Banking Software is one of the flagship products of Millennium”, he added.

Millennium has already implemented their Islamic Banking Software (earlier version) in all 151 branches of the largest Islami Bank of Bangladesh since 1996 and now they are confident to implement their newer version of Ababil in overseas market within short time. At the end of his speech he also thanked Bangladesh Bank for giving the opportunity to demonstrate Ababil- Islamic Banking software.

The technical team members of Ababil demonstrated the features and functionalities of the software. Mr. Mahmud Hossain CEO and Mr. Shaheen Hossain Director of Millennium Information Solution Limited took part in the question and answer session.
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