3i Infotech launches Shariah-compliant technology products at GITEX 2007

The suite, which features a complete range of products for the Banking and Financial Services sectors, includes Kastle Universal Lending and Kastle Treasury for Islamic Banking, MFund for Islamic Investments and Portfolios, and PREMIA Takaful for Islamic Insurance.

"According to industry reports, the global Islamic finance sector is valued at US $800 billion with the Middle East itself seeing an annual growth of over 15 per cent. This has resulted in increased awareness about technology investment becoming critical to innovation and business success,"

said Hari Padmanabhan, Deputy Managing Director, 3i Infotech. "Our new Islamic financial offerings are not only Shariah-complaint but are also tailored to meet regional demands."

At GITEX, 3i Infotech has also introduced its 'Outsource Your Business Execution' model which is an integrated 'total service offering' encompassing the business value chain for specific businesses.

The offering includes owned core business software products, Document Management Systems, Business Intelligence solutions, Application Development & Maintenance, BPO and IT infrastructure services individually or in combinations.

"To manage their business value chain entirely, dynamic organisations are looking for 'partners' that combine strong domain expertise with technology solutions implementation experience which goes beyond mere 'outsourcing'. This further helps clients use their resources more effectively for mission-critical purposes without having to worry about operational issues," added Padmanabhan.

3i Infotech's unique 'business execution outsourcing' model provides a range of services that will help customers - both existing and potential - enhance their effectiveness by focusing on their core business while increasing flexibility to meet changing market conditions.

3i Infotech has been participating at GITEX for over 20 years and will use the event as a forum to reinforce its relationships with the industry and customers, as well as highlight its extensive end-to-end range of products and services.

3i Infotech is in Hall C 7 - Stand number 26 at GITEX 2007, being held until September 12, 2007.