Infosys implements Finacle Core for aafaq Islamic Finance

aafaq Islamic Finance, an autonomous Sharia compliant finance company in the UAE, and Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), announced the go-live of the Finacle Core, Islamic Banking and Payments solutions to power its operations.

The transformation journey, which has helped aafaq achieve extensive efficiencies from large scale optimization and automation of processes, won the 'Best Islamic Banking Implementation' award for 2019 at the Islamic Finance & Banking Awards held at Dubai in October.

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