Tripoli, 93050,
Libya
Al Yaqeen Bank Technographics
Al Yaqeen Bank Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Al Yaqeen Bank and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 1000 Al Yaqeen Bank employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Al Yaqeen Bank has purchased the following applications: Oracle Flexcube for Core Banking in 2019 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Al Yaqeen Bank is running and its propensity to invest more and deepen its relationship with Oracle or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Al Yaqeen Bank revenues, which have grown to $250.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Al Yaqeen Bank intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Al Yaqeen Bank Tech Stack and Enterprise Applications
Al Yaqeen Bank ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Oracle | Legacy | Oracle Flexcube | Core Banking | ERP Services and Operations | n/a | 2019 | 2019 |
In 2019 Al Yaqeen Bank implemented Oracle Flexcube as its Core Banking platform, selecting Oracle Financial Services Software components to centralize core account and transaction processing for the Libyan bank. The engagement positions Oracle Flexcube as the bankwide ledger and processing hub for retail and corporate banking operations at Yaqeen Bank, a relatively new Islamic bank licensed in Libya after 2014.
The Oracle Flexcube implementation encompassed standard Core Banking capabilities including core ledger management, account lifecycle and customer data, deposits and payments processing, transaction posting and reconciliation, and lending product configuration. Configuration emphasis included support for Shariah compliant product constructs and profit calculation workflows, aligning product definitions and operational rules with Islamic banking requirements.
The deployment integrated Oracle Flexcube with Oracle Banking Digital Experience to unify digital channels and front-end customer flows with core transaction processing, providing a consistent pathway between customer-facing channels and the central core. Integration design focused on synchronous transaction posting, real time account balance visibility, and API-driven channel orchestration, enabling the digital channels to leverage Oracle Flexcube transaction services without additional middleware dependencies being named.
Governance and process restructuring tied the Core Banking program to Libya's regulatory shift toward Shariah compliance, requiring product governance, compliance checkpoints, and operational procedures to enforce non interest retail rules introduced by legislation. Operational scope covered bank operations across retail, corporate, and digital channel functions, with implementation workstreams organized around product configuration, compliance control points, and channel integration to support launch and ongoing Shariah governance.
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IT Decision Makers and Key Stakeholders at Al Yaqeen Bank
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Apps Being Evaluated by Al Yaqeen Bank Executives
| Date | Company | Status | Vendor | Product | Category | Market |
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