Amlak Finance, the largest publicly listed Islamic Home Finance Company offering Sharia'a solutions, has signed a contract with Nucleus Software.

As per the contract, Amlak will utilise Nucleus's flagship 'FinnOne' retail products. Amlak will also implement the FinnOne Customer Acquisition System (CAS) and FinnOne Collections Modules.

The implementation of this system will allow Amlak Finance to provide greater efficiency to all of its clients. By utilising the new modules, Amlak's finance approval processing mechanism will be enhanced by complimenting the function of its existing financing systems, said an Amlak official.

Amlak appointed Cedar Management Consulting, a leading Management and IT consulting firm to facilitate the selection process of this new system.  Cedar will also help in project managing the implementation to ensure overall alignment with international best practices and Amlak's business strategy.

"Streamlining our approval processing system with the Nucleus software, FinnOne, will not only make our existing system even more effective, but will also quicken the turnaround time for the application evaluation," said CEO of Amlak Finance Arif Alharmi. - TradeArabia News Service