Islamic banking has opened new and exciting growth possibilities, but it remains a challenge for banking institutions to work within the Shari’ah-based banking system and adopt its distinct practices. Result is that there remains a gap between conventional banking technology and the needs of Islamic banking. Banks embarking on Islamic banking operations in key markets around the world are searching for technology partners with a thorough understanding of the sector and a proven track record in delivery. A careful evaluation of the available solutions, thus, becomes necessary. Banks must choose a solution that offers full control across business lines, allows for customization, and incorporates Islamic banking practices.
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