Technology for Islamic Banks: a Growing Challenge!

This article is published in 2005, 3 years later it still has some valuable points. IBFN (Admin)

Finding modular and modern architecture capable of servicing the needs of the Shariah-conscious remains a daunting task. This article looks at the challenges and options for Islamic banking software.

Modern Technology and Islamic Banking

By Lahem al NasserRiyadh, Asharq Al-Awsat- Banks are considered amongst the primary beneficiaries of modern technology whereby customers are no longer required to physically visit branches as they can carry out transactions from settling bills to dealing in local and international stock markets [from their own homes].