Newly formed fully-fledged Shariah compliant Hijra Bank has gone live on Path Solutions’s iMAL Islamic core banking platform.
The exercise for Hijra Bank, Ethiopia’s second Islamic bank, was completed within a month.
“We worked closely with Path Solutions’s agile and passionate team to go live in record time. We are proud to be partnering with them to reshape the Ethiopian banking landscape, and to working toward Hijra Bank’s vision to become the country’s leading interest-free bank,” Mukemil Bedru, the chairperson of Hijra Bank, commented. “Our bank is now well positioned to leverage technology innovation to drive operational efficiencies and introduce new products and services to market quickly. Bringing the community interest-free banking products and services will have a positive contribution toward the country’s economy and the entire society”.