3i Infotech, a global provider of IT solutions and services recently announced that Kirnaf Investment and Installment Company (Kirnaf), a well-known Islamic financial institution based in the Kingdom of Saudi Arabia has implemented our Kastle suite of solutions along with a comprehensive bouquet of business applications integrating its entire IT operations.
Kastle Islamic financing solution provided by 3i Infotech to Kirnaf, is a bilingual, certified Shariah compliant, web-based financing software solution that covers all core business functions and support functions of a financing business. Kastle helps manage complete business life cycle of Asset finance (Auto, Machinery, Equipment and Real Estate), and personal loans for Retail and Corporate customers.
Commenting on this collaboration, Pankaj Chawla, President – Middle East, India, APAC & Africa Markets, 3i Infotech, said, “We are pleased to have Kirnaf Investment and Installment Company as our esteemed client in the region and this engagement further demonstrates our commitment to the Banking and Financial Services Sector. As a global IT Solutions provider, it is our constant endeavor to provide our clients with end-to-end solutions enabling them to streamline their operations with increased business efficiencies and thereby go-to-market faster.”
Ahmed Rashid Al Ameer, CEO, Kirnaf Investment and Installment Company added, “With the fast changing business environment, we were looking for an IT partner who would be able to provide us best of the breed solutions and also facilitate us in servicing our customers faster and better. Our collaboration with 3i Infotech will help us further accelerate our operational efficiencies, as they are fully aligned to fulfill our business requirements.”
3i Infotech’s Kastle Banking Solution comprises of an extensive range of enterprise banking products that cater to the varied operations and departments of banks and financial services organizations. Kirnaf has opted for the Kastle Universal Lending Solution (ULS) after a rigorous, competitive and detailed evaluation process. Kastle ULS also offers integrated Islamic Financing and Leasing Solution, which is the core business application for Kirnaf. This core application is supported by various other applications from 3i Infotech for back-office and support functions. All these applications have been seamlessly integrated by 3i Infotech to form a complete business solution for Kirnaf.