Path Solutions, provider of Islamic banking software, has announced the deployment and successful rollout of iMAL Islamic core banking system at all five Al Hilal Islamic Banking Services branches of Ahlibank. iMAL was implemented using Microsoft Windo…
Abdul Aziz al Balushi, CEO of Ahlibank, said that the bank may convert some of the existing conventional branches to Islamic banking ones or may open more new Islamic banking branches. He added that services, products and dealing of Ahlibank’s Al Hilal…
Oman’s Ahlibank, which launched its Al Hilal Islamic banking services in the sultanate, is considering to convert all its conventional branches to Islamic banking. According to Abdullah al Jabri, DGM and head of Al Hilal Islamic Banking Services, the b…
The Al Hilal Islamic Banking services launched their first branches that provide Islamic banking products and services. The chairman Hamdan bin Ali bin Nasser al Hinai said the goal of the new services is to meet the needs of all customers in terms of truth, transparency and being fully sharia compliant as the integration of ethical and moral values with the banking operations is a unique and salient characteristic of Islamic banking.
An implemented independent Sharia Supervisory Board has the power to audit all contracts and transactions, give opinion and guidance and the bank´s management shall strictly follow the guidelines outlined by the board.
Shaikh Aflah bin Ahmed bin Hamad al Khalili, member of the Sharia Supervisory Board of the bank said that the products on offer will contribute to the efforts made by the Sultanate´s government to enhance the role played by Islamic banking in achieving sustainable development as well as more progress and prosperity for the Omani people.
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