Bank Assafa goes live with iMAL to drive operational efficiency and superior customer experience

February 3, 2020 - Path Solutions, the global Islamic banking software provider, today announced that Bank Assafa has gone live with the latest version of iMAL in its headquarters in Casablanca as part of its strategy to bring cutting-edge Islamic banking services to its new customer base.

Bank Assafa is a wholly owned subsidiary of Attijariwafa Bank in Morocco, specialising in participative finance. Founded in July 2017, the bank offers a range of ethical banking products, which are compliant with the Higher Council of Ulema guidelines. Among all Islamic banks in Morocco, Bank Assafa has the widest network in the country with 40 branches in 20 cities.

With the rollout of the AAOIFI-certified iMAL core banking platform, Bank Assafa will be empowered to not only realize its growth strategy in a cost effective way, but also to offer a complete array of Sharia-compliant products and services to its corporate and retail customers, and to continue working towards the bank’s vision to become the country’s leading Islamic bank.