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March-April . 2024 | @ Halal
Foreign News
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AAOIFI accords Azentio Software ’ s iMAL latest version
Compliance underscores Azentio ’ s commitment to delivering scalable technology solutions aligned with industry standards
AZENTIO Software ( Azentio ), a Singapore-based technology firm owned by funds advised by Apax Partners , proudly announces the successful completion of its annual compliance exercise for iMAL™ , the company ’ s cutting-edge digital Islamic core banking platform .
The platform has received the coveted certification for 2024 from the Accounting and Auditing Organisation for Islamic Financial Institutions ( AAOIFI ), the globally recognised standard-setting body for the Islamic financial services industry .
The certification underscores iMAL™ ’ s unwavering adherence to all active AAOIFI Shariah Standards and AAOIFI Financial Accounting Standards , underscoring Azentio ’ s commitment to delivering scalable technology solutions aligned with industry standards .
Azentio ’ s Shariah Compliance team remains vigilant in tracking newly issued standards and exposure drafts , ensuring that iMAL™ clients receive fully compliant solutions with AAOIFI Standards and industry best practices .
The latest iteration of iMAL™ introduces enhanced security capabilities and a broader range of features aimed at streamlining taxation and reporting processes , complete with user-friendly dashboards and refined access privileges .
AAOIFI Secretary General Omar Mustafa Ansari said : “ We are pleased to conclude the review of the latest version of iMAL™ for the year 2024 , which was conducted to verify its compliance with AAOIFI Shariah Standards and AAOIFI Financial Accounting Standards .
“ iMAL™ ’ s continued compliance with AAOIFI Standards mitigates the likelihood of Shariah non-compliance risks and upholds and promotes transparency in financial reporting for Azentio ’ s clients , including prominent Islamic financial institutions globally .”
Azentio Group Chief Executive Officer Sanjay Singh said : “ Being awarded the com-
pliance certification by AAOIFI since 2008 is a significant achievement for Azentio and reaffirms our standing as pioneers in the global marketplace . This achievement restates our commitment to offer our clients the most valuable combination of the latest software technology and Shariah-based processes .
“ The Islamic financial services segment continues to witness impressive growth , and Azentio is excited to cater to the growing global demand for Shariah-compliant products and services . Any entity dealing with our clients , be it customers or partners , can rest assured that our clients faithfully and thoroughly follow every relevant Shariah principle .”
As the Islamic finance sector expands , Azentio remains dedicated to providing innovative solutions that uphold the highest compliance and service excellence standards .
Laleh AI beta launch honours legacy of Dr Laleh Bakhtiar
IN commemoration of Women ’ s History Month and International Women ’ s Day , the Institute of Traditional Psychoethics and Guidance , in collaboration with TulipAI , proudly announces the beta launch of Laleh AI .
This pioneering platform , based on GPT technology , pays homage to the legacy of Dr . Laleh Bakhtiar , an esteemed American scholar known for her groundbreaking Islamic studies and unwavering advocacy for gender equality .
Laleh AI , a vision realised by Dr Bakhtiar ’ s daughter , journalist and TulipAI Founder Davar Ardalan , alongside her siblings Karim Ardalan and Mani Ardalan Farhadi , serves as both a heartfelt tribute and a technological marvel .
Designed to bridge the past to the future , the platform transforms Dr Bakhtiar ’ s scholarly works into an accessible treasure trove of wisdom , ensuring her mission continues to inspire future generations .
Offering users an immersive journey into Dr Bakhtiar ’ s profound insights , Laleh AI features her seminal Quranic interpretations , dedication to gender equality , and reflections on women ’ s roles in Islamic history .
Enhanced with motivational messages and links to Dr . Bakhtiar ’ s Complete Quran English Recitation , the platform aims to provide spiritual guidance , particularly during Ramadan .
Davar said : “ This launch marks a pivotal moment in merging scholarly wisdom with cutting-edge AI technology to celebrate the
Dr Laleh
remarkable life and contributions of Dr . Bakhtiar ,”
Laleh AI pays homage to her extraordinary journey from her upbringing in Los Angeles and Washington D . C to her illustrious career in Chicago at Kazi Publications .
Audiences worldwide are invited to explore Laleh AI for an enriching educational experience . As the platform continues to evolve , the goal is to further integrate Dr . Bakhtiar ’ s scholarly achievements with GPT technology , expanding its reach and impact .
The community ’ s support is crucial in advancing this visionary project , ensuring that Dr . Bakhtiar ’ s legacy inspires and educates future generations . Discover Laleh AI on GPT Store and become part of a groundbreaking scholar ’ s enduring influence .
Muslim zone at Hong Kong Holiday and Travel Expo 2024
THE Hong Kong Holiday and Travel Expo 2024 excited citizens as they explored the diverse travel offerings at the Hong Kong Convention and Exhibition Centre . Spanning four days , the event provided a comprehensive platform for travellers to fulfil their wanderlust desires .
The expo garnered widespread support from various stakeholders in the tourism industry , showcasing exclusive areas dedicated to popular destinations such as Japan , Thailand , and Taiwan .
However , one particular highlight that stole the spotlight was the dedicated Hong Kong Muslim zone . Designed as a cultural hub , the Hong Kong Muslim zone offered
attendees a unique opportunity to immerse themselves in the rich tapestry of Islamic traditions , customs , and local specialities .
In addition to the Muslim zone , the expo encompassed many travel elements , including exploration of unexpected destinations , themed streets , indulgence in local delicacies , and captivating cultural performances .
Boasting over 300 booths , the expo allowed visitors to directly engage with exhibitors representing travel agencies , airlines , and hotels , facilitating seamless travel planning and bookings . Lucky draw prizes , totalling a staggering HK $ 2m , added an element of thrill and anticipation to the event . –