Ameen Al-Iraq latest addition to Path’s Iraq user base
Path Solutions has signed another bank in Iraq for its iMAL core system. This is Ameen Al-Iraq Islamic Bank for Investment and Finance, reports Martin Whybrow.
“Our ambition is to become a true banking partner for individuals, professionals and businesses”
Based in Baghdad, the bank offers Sharia-compliant retail and corporate financial services, and trade finance for local corporations and contracting companies, plus mobile banking services such as deposits, withdrawals, account transfers, bill payments and balance inquiry.
The bank’s CEO, Kamal Suhail Abdulla, says: “Our ambition is to quickly become a true banking partner for individuals, professionals and businesses, particularly through an equitable, ethical and mutually beneficial relationship.”
Kuwait-based Path is a long-standing core system provider primarily in the Middle East and is the clear market leader when it comes to Islamic banking. Its first taker in Iraq was Cihan Bank in Kurdistan, signed in 2009, with two more signings the following year and a succession of deals since then.
