Vision Bank is powering digital Islamic corporate banking in the UAE with iMAL

Vision Bank, Abu Dhabi Global Market’s (ADGM) first Prudential Category 1 Islamic Financial Institution, is setting new benchmarks in corporate banking. Backed by Gulf Islamic Investments, Vision Bank operates a fully digital, Shari’ah-compliant banking model tailored for corporates and SMEs to deliver innovative, compliant, and future-ready financial services.

At the heart of this transformation is iMAL, Azentio’s AAOIFI-certified Islamic core banking platform that has enabled Vision Bank to launch with speed, compliance, and scale.

Realising the vision

Vision Bank set out to build a digital-first Islamic financial institution from the ground up that could deliver seamless, Shari’ah-compliant services while meeting the complex demands of corporate banking. To do this, they needed a core banking platform that was not only flexible and modular but also deeply aligned with Islamic financial principles.

With iMAL, Vision Bank achieved:

1. End-to-end digital enablement, streamlining operations with straight-through processing (STP) across onboarding, KYC/AML, treasury, and payments.
2. Regulatory readiness, with strict adherence to AAOIFI standards and alignment with FSRA requirements under ADGM.
3. Rapid go-to-market capabilities, allowing fast, phased rollouts of new Islamic banking products and services.
4. Robust ecosystem integration, including plug-ins for AML tools, Bloomberg terminals, and digital front ends.
5. Scalable architecture, supporting long-term growth and diversification into multi-currency Islamic finance products.

Where compliance meets capability

In a landscape where Shari’ah compliance is non-negotiable, Vision Bank required a solution that could offer both regulatory assurance and operational agility. Azentio’s AAOIFI-certified platform gave them the confidence and clarity to meet these mandates without compromise.

With Azentio’s support, Vision Bank has built a scalable, compliant, and efficient digital banking infrastructure. As CEO Parvin Jain stated: “Azentio has been a core enabler in our journey to becoming a digital-first, Shari’ah-compliant corporate bank. Their AAOIFI certification and seamless integration offerings have helped us launch on time and build a solid foundation for future expansion.”

A future-ready foundation

Vision Bank is not just meeting today’s demands; it’s building for tomorrow. With a modular platform in place, the bank is poised to continue its phased product rollouts, extend its reach into new markets, and strengthen its position as a digital Islamic banking leader in the region.

Discover how Azentio’s iMAL is helping visionary banks lead the next chapter of Islamic finance.