Siraj Finance PJSC joins Azentio for iMAL core and digital financial services

By Gloria Mathias

Siraj Finance PJSC, an Islamic Finance Company in the UAE, has signed an agreement with Azentio, a core banking technology service provider.

The agreement represents the collaboration for implementing the solution, which will further enhance the ties and digitisation of Siraj Fdigitiset and its service offerings.

This step is directly in line with Siraj Finance’s goal of providing diversified Islamic financial products and services through channels that innovatively use the latest technology while remaining customer-centric and regulatory compliant.

Commenting on the partnership, Amjad Hijazi, Chief Operating Officer, stated, “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.”

Rahul added, “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.”

Siraj Finance is a private joint stock company based in Abu Dhabi and regulated by the Central Bank of the UAE. Established in 1999, it offers a wide range of financial products designed in accordance with Sharia principles. It caters to corporates, small and medium enterprises (SMEs) and individuals, with the objective of providing a variety of tailored product and service options that best suit their aspirations and needs.