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BOKI implements iMal

BOKIBank of Khartoum of Sudan has implemented iMAL, the Islamic banking system offered by Kuwait-based technology provider Path Solutions, at its BOK International overseas branch office in Bahrain. The bank said iMAL will help the branch to launch and accelerate its growth in banking business by allowing it to provide world-class banking services in line with the Islamic principles to corporates and high net worth individuals. The Central Bank of Bahrain has granted a license to BOK, Sudan’s biggest privately owned bank, to open a branch in Bahrain. BOK International is the first branch outside Sudan and Bank of Khartoum is the first Sudanese bank holding an Islamic banking branch license in Bahrain. The implementation, which was completed in a short timeframe, included the deployment of CSM, accounting system, trade finance, facility management, Islamic invest, fixed assets system, batch processing, report designer, SWIFT and SAFE, covering the data replication of all above modules.

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