Kuwait Finance House (KFH) has upgraded its Islamic treasury solution, allowing it to expand its offerings.
KFH has implemented the new Path Solutions’s Java-based platform iMAL R14.1, which was built on an open architecture.
“We are happy to have completed the successful upgrade of our Islamic Treasury solution to iMAL R14.1 in a smooth and timely manner. With the new Sharia-compliant fully STP automated Islamic Treasury platform, our customers will benefit from the best practices and enhanced features that Path Solutions has invested in the software since our last implementation. Moreover, we will be able to continue to scale in line with our growth strategy and stay ahead of industry trends as we continue to expand into new segments”, KFH Acting Group CEO Abdulwahab Al-Roshood said.
The group’s treasury general manager, Ahmad Eissa Al-Sumait, added: “KFH can now offer a wider range of Islamic treasury products and services based on specific requirements to its customers all over the world.”