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Misys names Islamic banking head

Dubai, August 31, 2010

Misys, a leading provider of integrated, comprehensive banking solutions, has appointed Mohammad Harb as the new head of Islamic Banking Business Development.

Harb will be responsible for promoting Misys' Islamic banking solutions to existing and potential clients in the Middle East and Africa, said a company statement.

With more than 13 years of IT experience in the banking sector, Harb has in-depth knowledge and expertise in converting conventional banks into Islamic operations in the region as well as extensive hands-on experience in software products management.

He has also successfully managed the roll out of core banking systems for many conventional and Islamic banks in the Middle East and Africa, the company said.

'Misys has further strengthened its professional expertise with the arrival of Mohammad Harb,' noted John Guest, solution consulting director of Middle East & Africa, Misys.

'His extensive experience in the regional market will give us greater leverage to address the evolving demands of our clients in the Middle East. Our efforts to invest in the best talent available are crucially important as the Islamic marketplace continues to open new business prospects.'

'With several banking institutions increasingly requiring specialised solutions, like Misys BankFusion Islamic banking to optimise efficiency and productivity, we are well positioned to continue to bring value to our customers,' Guest added.

On his new role, Mohammad Harb said, 'It is always a great pleasure to be part of a distinguished organisation such as Misys. We will focus on further expanding our presence in the region by enhancing our product portfolio and targeting key high-growth market segments.'

Misys provides its BankFusion Islamic Banking and Finance solution for retail and corporate banking clients. The software supports a wide range of Islamic Finance products, including Murabaha, Ijarah, Istisna, Musharaka and Tawarruq, together with Islamic Profit calculation and distribution, he added.

In the banking, treasury and capital markets, Misys holds sway as a market leader with over 1,200 customers, including all of the world’s top 50 banks.-TradeArabia News Service




Tags: Islamic Banking | Misys |

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