Strengthening Islamic Finance Through Technology
Siraj Finance PJSC, a leading Islamic finance company in the UAE, has signed a strategic partnership with Azentio, a prominent core banking technology provider. This collaboration aims to enhance Siraj Finance’s digital offerings, streamline operations, and strengthen its position as a customer-centric financial institution.
Key Objectives of the Partnership
The agreement focuses on implementing Azentio’s iMAL core banking solution, a technology platform designed to align with Sharia principles while driving digital transformation. This initiative supports Siraj Finance’s mission to deliver diversified Islamic financial products using innovative and regulatory-compliant technology.
Comments from Leadership
Amjad Hijazi, Chief Operating Officer of Siraj Finance, highlighted the importance of this partnership, stating:
“We are delighted to be working with Azentio as our technology partner of choice to empower our ongoing business growth. For us, iMAL and its comprehensive functionality, coupled with its adherence to Islamic principles, align with our goals, allowing our team to streamline processes, enhance productivity, and elevate the omnichannel customer journey.”
Similarly, Rahul from Azentio expressed enthusiasm for the collaboration, noting:
“We are extremely pleased to partner with Siraj Finance to deliver a user-friendly digital financial services experience to both their retail and corporate customers. This partnership reflects our ongoing commitment to empowering financial institutions in the region with cutting-edge technology designed to meet both current and future needs.”
About Siraj Finance PJSC
Established in 1999 and headquartered in Abu Dhabi, Siraj Finance operates as a private joint stock company regulated by the Central Bank of the UAE. The company offers a comprehensive range of Sharia-compliant financial products and services tailored to the needs of corporates, SMEs, and individuals.
Siraj Finance is committed to providing customer-centric solutions that cater to the aspirations and needs of its clients while adhering to the highest regulatory and ethical standards.
Azentio’s Role in Islamic Finance
Azentio’s iMAL platform is recognized for its advanced functionality and compliance with Islamic finance principles. By leveraging this technology, Siraj Finance aims to streamline operations, improve productivity, and elevate customer experiences across retail and corporate segments.
The partnership between Siraj Finance and Azentio marks a significant step toward digitizing Islamic financial services in the UAE. Through this collaboration, Siraj Finance reaffirms its commitment to delivering innovative, Sharia-compliant solutions that meet the evolving needs of its customers while enhancing operational efficiency.
