List of Azentio iMAL Islamic Banking Software Customers
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Since 2010, our global team of researchers has been studying Azentio iMAL Islamic Banking Software customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased Azentio iMAL Islamic Banking Software for Core Banking from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using Azentio iMAL Islamic Banking Software for Core Banking include: Boubyan Bank Kuwait, a Kuwait based Banking and Financial Services organisation with 2371 employees and revenues of $747.0 million, BankIslami Pakistan, a Pakistan based Banking and Financial Services organisation with 722 employees and revenues of $180.0 million, Bank of Abyssinia, a Ethiopia based Banking and Financial Services organisation with 616 employees and revenues of $51.0 million and many others.
Contact us if you need a completed and verified list of companies using Azentio iMAL Islamic Banking Software, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Bank of Abyssinia | Banking and Financial Services | 616 | $51M | Ethiopia | Azentio | Azentio iMAL Islamic Banking Software | Core Banking | 2022 | n/a |
In 2022, Bank of Abyssinia implemented Azentio iMAL Islamic Banking Software, deploying Azentio iMAL IslamicFinancing and iMAL ProfitCalculationSystem within its Core Banking environment to operationalize an Islamic-window for interest-free banking in Ethiopia. The initiative focused on finance and core-banking processes to enable Shari'ah-compliant product processing and profit-sharing workflows.
The implementation configured Azentio iMAL IslamicFinancing to manage product lifecycle, financing contracts, and transactional posting, while iMAL ProfitCalculationSystem automated profit-sharing computations and distribution scheduling. Azentio iMAL Islamic Banking Software was configured to generate audit-ready profit distribution records and to produce regulatory reporting artifacts required for Islamic finance oversight.
Operational integration centered on interfacing the Azentio modules with the bank's core-ledger posting processes, branch channel transaction flows, and compliance reporting workflows, preserving financial posting integrity across deposit and financing ledgers. The deployment covered finance, product management, and compliance functions supporting the bank's Islamic-window across its regional operations.
Governance changes included formalizing profit distribution workflows and audit trails within the Azentio iMAL ProfitCalculationSystem to support regulatory scrutiny and internal control. The program delivered faster time-to-market for Shari'ah-compliant products and automated, audit-ready profit distribution records, aligning Core Banking operations with Islamic finance requirements.
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BankIslami Pakistan | Banking and Financial Services | 722 | $180M | Pakistan | Azentio | Azentio iMAL Islamic Banking Software | Core Banking | 2012 | n/a |
In 2012 BankIslami Pakistan implemented Azentio iMAL Islamic Banking Software as its Core Banking platform, initiating a multi-year program to modernize and digitize Islamic banking services across its organization. The implementation established iMAL as the bank's foundational finance and core-banking system and is cited as underpinning the later aik digital banking launch in Pakistan.
The deployment centered on core finance and account processing capabilities, with the Azentio iMAL Islamic Banking Software configured to support core ledger functions, retail deposits, Islamic financing product processing, and customer account management. The configuration emphasized modular processing for Sharia compliant products and transaction orchestration consistent with Core Banking workflows.
Integrations focused on digital channels and web services to enable omnichannel access and the aik digital banking initiative, with iMAL serving as the transactional backbone for online and mobile channel requests and customer lifecycle events. Operational coverage remained within Pakistan and spanned retail banking and digital channels, aligning branch and digital operations on a single transactional platform.
Governance and rollout reflected bank level orchestration between IT, finance, and retail channels, with process standardization and workflow changes to support continuous digital service delivery. The narrative positions Azentio iMAL Islamic Banking Software as the centralized Core Banking system for BankIslami Pakistan, supporting both finance operations and the bank's digital channel expansion.
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Boubyan Bank Kuwait | Banking and Financial Services | 2371 | $747M | Kuwait | Azentio | Azentio iMAL Islamic Banking Software | Core Banking | 2025 | n/a |
In 2025, Boubyan Bank Kuwait upgraded to Azentio iMAL Islamic Banking Software. The Core Banking upgrade targeted peak period performance and improved digital and ATM channel responsiveness across Kuwait and the GCC, with deployment work focused on transaction processing and database layer optimizations to resolve peak-period blocking.
The implementation concentrated on finance and process area modules within Azentio iMAL Islamic Banking Software, combining core processing configuration and database tuning to improve throughput and channel latency. The bank executed the upgrade across its digital and ATM channels and aligned operational governance and processing windows to the new platform, delivering an approximately 80% reduction in database blocking and an approximately 42% improvement in response times, significantly improving customer experience.
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Buyer Intent: Companies Evaluating Azentio iMAL Islamic Banking Software
- Millennium Information Solution, a Bangladesh based Professional Services organization with 150 Employees
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