Dubai Islamic Bank awards Cedar Consulting for core banking program management

Implemented across the bank's 50 branches and 300 ATMs in the UAE, the solution is key to DIB's future growth strategy for launching new products and enhancing customer services, in addition to expanding its network.

Cedar Consulting had assisted the bank in effectively program managing this initiative along with DIB's Project Management Operations office, by leveraging its experience and proven implementation methodology to ensure that the implementation is strategically aligned to DIB's business framework and growth plans.

Cedar's contribution to the initiative was recognised by the bank.

A trophy for excellent program management support was awarded to Cedar as a token of appreciation by Khaled Al Kamda, Group Managing Director and CEO of DIB; and Abdulla Hamli, Chief of Operations and IT at DIB.

Speaking on the occasion, Chetan Parekh, Principal Consultant, Cedar Management Consulting, said:

"Effective business-IT alignment is critical to deliver value through any IT transformation. We are confident that Cedar's rich understanding of DIB's business strategy and experience in program managing core banking implementation will, in the long term, reflect the value delivered to DIB and its customers through this strategic implementation."

Dubai Islamic Bank is the world's first full-service Islamic Bank, established in 1975.

DIB is known for combining the best of traditional Islamic values with the technology and innovation that characterize the best of modern banking.

DIB is governed by the Fatwa and Sharia Supervision Board which ensures that transactions are carries out in strict compliance to Islamic principles of banking.

Cedar is a global management consulting firm operating in 15 countries & 500 professionals. Its team has assisted clients since 1985.

Cedar has significant experience in assisting large business groups in strategy formulation & deployment, process re -engineering, cost reduction, IT strategy, and strategic HR initiatives and has assisted several banks in the effective IT transformation engagements.