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AlBaraka Islamic Bank Builds on a Long-Term Partnership With Misys Selecting Misys Equation and Trade Innovation for its Pakistan Operations
Date:11/4/2008

icensed as part of the deal.

With the Misys solution being implemented in its three locations, in addition to Pakistan, AlBaraka Banking Group is moving towards a truly integrated banking system throughout more than 250 branches in 12 countries and its planned future worldwide locations, which will facilitate meeting its objective of standardised banking operations, product range and reporting system throughout ABG, thus truly unifying ABG into one big global organisation, dedicated to Islamic Banking principles.

Tariq Kazim, DGM Support Services & Overseas Services, AlBaraka Islamic Bank Bahrain, comments, "AlBaraka Bank sees the partnership with Misys as a critical part of our expansion strategy. The superior product capability and market knowledge that Misys brings will help us to develop and launch new products and services to multiple markets more quickly than before. We continue to strive to deliver the best to our customers and are confident that this relationship will help us to achieve our goals."

Roy Froud, Head of Middle East and Africa, Misys Banking, adds, "ABG is one of the most innovative banks in the Middle East and Africa. It has clear expansion objectives in the region as well as plans to grow more internationally and we are delighted that we are expanding our relationship to support that growth with our solutions, supported by our talented team of experts."

About Misys plc

Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys plc owns a controlling stake in Allscripts-Misys Healthcare Solutions, Inc (NASDAQ: '/>"/>

SOURCE Misys plc
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