Alhuda Center of Islamic Banking and Economics (CIBE) has signed a landmark agreement with Autosoft Dynamics, a banking software solutions provider, to introduce cutting-edge core banking system along with end-to-end Shariah Compliant Islamic Suite (Consumer & Commercial) for Banking / Non-Banking / Microfinance and Lending Portfolio new setups and conversions.
This collaboration aims to address the growing demand for high-quality Shariah Compliant Banking systems in the rapidly expanding market. This partnership between Alhuda CIBE and Autosoft Dynamics is set to bridge the gap of the scarcity of availability of Sharia-compliant banking suites.
Muhammad Zubair, CEO of AlHuda CIBE, expressed his enthusiasm about this partnership: “We are excited to join hands with Autosoft Dynamics. This collaboration is a significant step in revolutionizing the global Islamic banking sector by providing specialized and advanced solutions tailored for specific markets and as per local regulations and statutory compliance. Our goal is to equip financial institutions with the best tools to enhance efficiency, transparency, and compliance with Islamic financial principles.”
He added that, together with AutoSoft Dynamics, we will empower Islamic financial institutions to operate more efficiently, transparently, and fully in compliance with Sharia principles. We are confident that together, we will set a new standard in the industry and contribute to the sustainable growth of Islamic banking worldwide, Zubair added.
AlHuda CIBE and Autosoft Dynamics have worked together for over 20 years as trusted partners in promoting innovation and excellence in Islamic finance technology. This agreement strengthens their long-standing relationship, paving the way for groundbreaking advancements in the sector, the press release says.
AutoSoft Dynamics, Pakistan’s leading provider of financial and banking automation solutions, is part of Constellation Software Inc. (CSI), Canada’s largest software company with operations in 100+ countries.
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