Misys appoints Mohammad Harb to lead Islamic banking division

Misys appoints Mohammad Harb to lead Islamic banking division
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Published August 31st, 2010 - 09:55 GMT

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Misys, a market leader in providing integrated, comprehensive solutions that deliver significant results to organisations in the banking and financial industry, has announced that it has recently appointed Mohammad Harb as Head of Islamic Banking Business Development. Harb will be responsible for promoting Misys' state-of-the-art Islamic banking solutions to existing and potential clients in the Middle East and Africa.

With more than 13 years of IT experience in the banking sector, Harb has in-depth knowledge and expertise in converting conventional banks into Islamic operations in the region as well as extensive hands-on experience in software products management. He has also successfully managed the roll out of core banking systems for many conventional and Islamic banks in the Middle East and Africa.

"Misys has further strengthened its professional expertise with the arrival of Mr. Mohammad Harb," states John Guest , Solution Consulting Director - Middle East & Africa, Misys. "His extensive experience in the regional market will give us greater leverage to address the evolving demands of our clients in the Middle East. Our efforts to invest in the best talent available are crucially important as the Islamic marketplace continues to open new business prospects. With several banking institutions increasingly requiring specialised solutions, like Misys BankFusion Islamic banking to optimise efficiency and productivity, we are well positioned to continue to bring value to our customers."

Mohammad Harb adds: "It is always a great pleasure to be part of a distinguished organisation such as Misys. We will focus on further expanding our presence in the region by enhancing our product portfolio and targeting key high-growth market segments."

Misys provides its BankFusion Islamic Banking and Finance solution for retail and corporate banking clients. The software supports a wide range of Islamic Finance products, including Murabaha, Ijarah, Istisna, Musharaka and Tawarruq, together with Islamic Profit calculation and distribution.

In the banking, treasury and capital markets, Misys holds sway as a market leader with over 1,200 customers, including all of the world's top 50 banks. As a leading solutions provider in the healthcare industry, Misys caters to more than 110,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 people who serve customers in more than 120 countries. 

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