Millennium Information Solution Ltd wins gold award at IFFSA 2024

Millennium Information Solution Ltd (MISL) was presented with the 'Gold Award' recently for being the ‘Islamic Finance Technology Service Provider of the Year,’ according to a press release.

The award was given during the 9^th Islamic Finance Forum for South Asia (IFFSA) Conference and Awards Night 2024, at Cinnamon Lakeside Hotel Colombo, Sri Lanka.

The award was received by Mr Mahmud Hossain, CEO and managing director of Millennium Information Solution Ltd.

This award acclaims recognition to the company that has made the most significant impact in the area of Information Technology, specific to the Islamic Finance industry.

MISL won the award for its developed Islamic Core Banking Solution- Ababil. The committee considered nominations, which were evaluated by input of experts of the industry who assessed those banks and service providers that stand out for their transformative products and solutions

MISL is the only Islamic Core Banking Solution provider from Bangladesh which focuses solely on Islamic Banking and Finance. The organisation has more than 20 years of experience in this sector. Their flagship product, Ababil NG, is a state-of-the-art Islamic Core Banking Solution designed to meet the evolving needs of the Shariah banking industry.

Leveraging a robust Java-based micro-services architecture, AbabilNG offers a comprehensive suite of features, including Advanced Shariah Compliance, Enhanced Customer Experience, Optimized Operational Efficiency, Scalability and Flexibility.

Among other notable international awards, “Ababil” of MISL also received “The Innovators 2016- Islamic Finance” category by Global Finance Magazine, a leading finance magazine based in New York.“Ababil” has also been rated by Gartner Inc, USA, as one of the top ten (10) Islamic Banking Solutions in the global arena. It has also been highly rated by Oracle Inc, and IBM Inc. and its various modules are currently running in 19 banks and NBFIs of the country.