CTL Successfully Implements Another Shari’a Compliant Card Programme

Tuesday 25 January 2005 15:51 CET | News

Card Tech Limited (CTL) has implemented its PRIME card and merchant management solution as the platform for a successful Shari’a card programme. This most recent implementation took place in the United Arab Emirates, at Abu Dhabi Islamic Bank (ADIB).

Abu Dhabi Islamic Bank is a growing institution. It has built a leading portfolio of Islamic banking products, including card programmes built on PRIME, according to the exacting standards of its Shari’a Committee. The bank’s PRIME solution currently contains the core PRIME card management features; modules for building loyalty programmes, for scoring applications and for managing collections; plus CTL’s ONLINE authorisation and switching engine and the NCRYPT key management tool. ADIB has additional options for expanding its portfolio with functionality from PRIME.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce