Saudi Arabia-based Maalem Financing has selected Path Solutions iMAL Islamic core banking platform.

Founded in 2009, Maalem Financing is a non-banking finance company (NBFC) delivering Shari’ah-based finance services to individuals and SMEs.

“Our selection of iMAL highlights our commitment to technology and innovation”, said Saleh Al Sayari, CEO of Maalem Financing. “We invest in technology to deliver innovative solutions and convenience to our customers. Path Solutions offered the best match to what we want to do.”

“We are delighted to be working with Maalem Financing on this new project implementation in Riyadh,” said Mohammed Kateeb, group chairman and CEO of Path Solutions. “By selecting iMAL integrated, front-to-back platform, Maalem Financing puts itself in a position to differentiate its customer proposition in a highly competitive marketplace, with the ability to scale its business for growth.”

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
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