Millennium Information Solution Limited (MISL) is one of the leading software companies with two decades of market presence in the Islamic banking and finance industry. MISL brings together the talent and market potential of a group of dedicated software and business professionals led by specialists in the fields of Information Technology and Islamic Finance. Through its commitment and dedication towards quality, innovation and customer satisfaction, MISL has established itself as a consistent and reliable software company. The company focuses on solutions for Islamic Banking and Finance with its flagship product “ABABIL”, specializing in the area of Core Islamic Banking, complying with Islamic Shariah and global rules and regulations.
Headquartered in Bangladesh, Millennium Information Solution Limited also has presence through partner companies in Indonesia, Malaysia, Senegal and Ivory Coast.
The unique strength of Ababil is the fact that Islamic Shariah based business logic of this product, which gained maturity with the involvement and input of Shariah Scholars from home and abroad, renowned bankers and field level users since the inception of the product. The solution has been designed from the ground up strictly conforming to AAOIFI guidelines and keeping Islamic Shariah in perspective.
Ranked amongst the top ten global Islamic Banking Solution providers by Gartner Inc., USA, MISL continues to serve some of the most renowned and prestigious banking and non-banking financial institutions in South Asia. Following certified quality management systems, ABABIL has been benchmarked by IBM with proven flexibility to meet global demands.
Along with the core Islamic banking solution, Millennium has launched a number of sub modules which includes Islamic Trade Finance, Internet Banking, Sukuk Management, Off-shore Banking, Agent Banking, Islamic Treasury Management, Finance Origination System, Mobile Banking, etc.
Besides Ababil, MISL also has a comprehensive Human Resource Management Solution (HRMS), SYLVIA. A fully web-based solution, SYLVIA is designed and developed by MISL with a view to achieve maximum business benefit for enterprises looking for an effective and efficient way to run their HR operation to meet their strategic as well as operational HR goals. The extremely user friendly system has an attractive user interface supporting complete flexibility with fantastic ease of use facility.
With a robust architecture capable of easy integration between conventional banking systems and Islamic platforms, ABABIL and SYLVIA continues to grow with a mission to share more success stories from clients all over the world.