Siraj Finance PJSC and Azentio Partner to Enhance Digital Banking Solutions in UAE
Siraj Finance PJSC Collaborates with Azentio for Enhanced Digital Solutions
In an impressive move to expand its digital footprint, Siraj Finance PJSC, a notable Islamic finance company situated in the United Arab Emirates, has announced a significant partnership with Azentio. This collaboration aims to embrace the latest core banking technologies, specifically through the iMAL core and digital financial services solution.
The agreement marks a pivotal milestone in Siraj Finance's journey to refine its operational capabilities and improve its service offerings. By leveraging cutting-edge technology in their banking processes, the company aims to align its objectives with its customers' evolving needs while ensuring adherence to Islamic financial principles. The partnership symbolizes a shared vision to introduce innovative financial products that are both versatile and compliant with regulatory standards.
During the signing ceremony, several prominent figures from both companies emphasized the benefits of the collaboration. Standing from Siraj Finance were Mr. Amjad Hijazi, Chief Operating Officer; Mr. Joseph Daniel, Chief Business Intelligence Strategy Officer; Mr. Syed Moosa Kaleem Al Falahi, Chief Business Investment Officer; and Mr. Fazal Nassim, Chief Governance Compliance Officer. On the Azentio side, noted individuals included Mr. Rahul Arora, Chief Sales Officer; Mr. Harkaran Singh, Senior Vice President for the Middle East and Africa; and other senior executives who specialize in global banking sales. This assembly illustrates the seriousness with which both companies approach this collaboration.
Mr. Amjad Hijazi expressed his enthusiasm, stating, "We are delighted to be working with Azentio as our technology partner of choice to empower our ongoing business growth. The comprehensive functionality of iMAL, together with its alignment with Islamic finance principles, positions us well for enhancing productivity and refining the omnichannel customer journey."
On the other hand, Mr. Rahul Arora shared his excitement as well, adding, "Our partnership with Siraj Finance underscores our commitment to delivering cutting-edge technological solutions tailored to meet the unique requirements of financial institutions in the region. This collaboration will undoubtedly enhance the customer experience for both retail and corporate clients alike."
Siraj Finance PJSC, established in 1999 and based in Abu Dhabi, operates under the regulations of the Central Bank of the UAE. The firm specializes in offering a vast array of financial products that comply with Sharia law, catering to corporates, small and medium enterprises (SMEs), and individual customers. Their goal is to present customized financial solutions that align with the diverse aspirations and needs of their clientele.
With this substantial partnership, Siraj Finance clearly indicates its commitment to modernizing its service offerings, ensuring that they are not only technologically advanced but also focused on customer satisfaction. The integration of Azentio's iMAL core banking solutions is expected to pave the way for more streamlined, effective, and inclusive financial services in the UAE, dramatically enhancing the user experience.
As the financial landscape continues to evolve, the alliance between Siraj Finance and Azentio positions both firms at the forefront of digital transformation in banking, promising a robust future of financial services in the Middle East.