Millennium Information Solution (MISL) has announced the successful launch of AbabilNG, its latest version of the Islamic banking solution, at Global Islami Bank PLC (GIB).
This milestone marks a significant partnership between GIB and MISL, aiming to revolutionise Islamic banking services. The go-live ceremony was held on Thursday, according to a press release.
Syed Habib Hasnat, Managing Director of GIB, and Mahmud Hossain, Managing Director & CEO of MISL, attended the event.
The event was graced by the presence of Syed Habib Hasnat, Managing Director of GIB, and Mahmud Hossain, Managing Director & CEO of MISL, representing their organisations in this momentous occasion.
Additionally, the event saw the participation of Md. Golam Sarwar and Kazi Mashiur Rahman Jayhad, Additional Managing Directors, as well as Ataus Samad and Sami Karim, Deputy Managing Directors from GIB, along with other senior officials representing both entities.
The press release says Global Islami Bank PLC (GIB), a pioneering fourth-generation bank, has consistently earned recognition as one of the country’s premier employers and financial institutions.
With an extensive network of 110 branches, 135 sub-branches, and its head office, GIB is poised to strengthen its position in the industry by adopting the AbabilNG Islamic Core Banking System. This strategic move is designed to provide the optimal platform for delivering a new generation of Islamic financial products to its ever-expanding clientele.
At the core of this transformative journey lies AbabilNG, an internationally acclaimed Islamic Core Banking Suite. AbabilNG has received global acclaim, including the IBS Intelligence SLT Star for Islamic Banking in 2020, the IFFSA Gold in 2018, Silver in 2017, and the Global Finance Magazine’s The Innovators Award in 2016, among others. An exceptional feat for AbabilNG is its Shariah certification by ISRA, Malaysia, aligning with AAOIFI, IFSB, IIFA, and MWL standards worldwide.
This partnership not only underscores GIB’s unwavering commitment to innovation but also signifies MISL’s dedication to providing cutting-edge solutions that shape the future of Islamic banking. The implementation of AbabilNG marks a new chapter in the growth story of both institutions.
