Azentio Software Successfully Delivered Its Shariah-compliant Profit Calculation And Distribution System
Azentio Software, a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced that Bank of Abyssinia (“BoA”) has successfully gone live with iMAL*IslamicFinancing and iMAL*ProfitCalculationSystem in less than four months, to support the growth of its Islamic window operations. Azentio’s Shariah-compliant profit calculation and distribution system makes profit distribution highly efficient. With the......