Being a new generation of comprehensive enterprise Islamic Banking and Investment System, iMAL concentrates on the entire business functionality and the state-of-the-art technology, using a single highly integrated front, middle and back office, and providing an effective Straight Through Processing-STP functionality
iMAL offering for investment banks is a comprehensive Portfolio and Fund Management coverage allowing complete order, request management and investment transactions processing for the institution, its clients and managed Funds portfolios in a highly parameterized and user-friendly mode.
For the Funds management operations, the system operates in a central mode whereby the funds books and the managing companies books are automatically affected by any approved transaction.
In addition to handling all types of transactions, the system computes various types of expenses and incomes. Moreover, the system handles margin trading, collateral management and custodian management. The system offers all kind of reports and charts with drill down facility.
As such, Investment banking services are supported with: Assets and Trade management including margin trading, collateral management and custodian management., Sukuk operations, Funds management including certificates management, back office settlement, NAV calculation, cash and share dividends processing, in addition to various other investments related transactions and Corporate actions management
The offering also empowers Initial Public Offering Management Private Equity placements processing, Reuters and Bloomberg connection and on-line update of securities pricing and Kuwait Stock Exchange operations
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