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Kurdistan Bank goes digital with Azentio’s iMAL software.

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Kurdistan International Islamic Bank (KIB) has adopted iMAL, an Islamic core banking platform from Azentio Software. The implementation of iMALTM will provide a digital foundation for KIB to achieve growth in Iraq and the region, offering user-friendly services and an omnichannel experience. The platform offers compliance with AAOIFI’s Sharia and financial accounting standards, as well as advanced encryption and security features. Azentio’s Financial Crime Management and Anti-Money Laundering system will also be integrated with iMALTM to monitor financial activities and combat potential financial crime. KIB officials chose Azentio for its expertise in Islamic banking solutions and aim to enhance customer service efficiency in Iraq and globally.

Kurdistan International Islamic Bank is a private Islamic bank in Iraq that focuses on Islamic banking and investment activities in accordance with Sharia principles. The bank was established in 2005 and operates under the supervision of the Central Bank of Iraq.

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