Business Services Industry
GFH TO DEVELOP RISK-MONITORING SYSTEM
Info-Prod Research (Middle East), November, 2004
According to "Bahrain Tribune", the Bahrain-based Gulf Finance House B.S.C., (GFH) announced that it had initiated the development of a cutting-edge Islamic risk management system to help the bank regularly monitor and assess the risk sensitivity of its investment portfolio and meet regulatory compliance requirements effectively, writes Mehmood Rafique.
Announcing the path-breaking initiative during the Middle East Financial Technology and Conference (MEFTEC), senior GFH officials said that the risk management solution will be developed jointly with the bank's technology partner, the Kuwait- based vendor of integrated Islamic software, Path Solutions. GFH's core banking system runs on iMal, which is the industry-leading integrated Islamic banking software from Path Solutions.
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