AJIL Financial Services Company, a leading provider of shariah-compliant financial solutions, has partnered with Systems Arabia, a frontrunner in digital transformation and IT services, to implement Temenos Core lending platform. This collaboration will enable AJIL to quickly bring new products and services to the market, adapt to changing regulations and stay ahead of the market, reinforcing AJIL’s position as a key player in Saudi Arabia’s financial sector.

The agreement was signed by Naief Nihad Arab, COO of AJIL Financial Services Company, and Rao Hamid, General Manager of Systems Arabia, at LEAP 2025. This partnership marks a significant step towards modernizing AJIL’s financial infrastructure, enhancing risk management, and enabling faster, more efficient lending services for its customers. The implementation of Temenos’ next-generation Core lending platform will enable AJIL to automate and streamline loan processing, reducing turnaround times for customers while enhancing their experience through digital servicing and seamless loan disbursements.

Systems Arabia will play a pivotal role in this transformation, by deploying Temenos’ advanced Islamic Financing Solution, Core lending platform, Collateral Management and Financial Risk Management solutions. Leveraging its deep expertise in implementing the Saudi Model Bank, Systems Arabia will ensure AJIL’s seamless adherence to regulatory requirements while optimizing processes for Customers’ Onboarding Loans’ Servicing and Credit Classification and Provisioning. This collaboration will benefit AJIL through increased automation, an agile development framework that enables it to bring products faster than ever, and the ability to enhance its digital services and respond to changing customer requirements.

The strategic partnership with Systems Arabia marks a significant milestone in our pursuit of digital transformation. By harnessing the capabilities of the Temenos platform, we reaffirm our dedication to providing forward-thinking, Shariah compliant financial solutions tailored to the dynamic needs of our customers.

Naief Nihad Arab

COO, AJIL Financial Services Company

We are proud to be AJIL Financial Services Company's trusted partner in their digital transformation journey. Our expertise in implementing Temenos Core Lending platform, combined with a deep understanding of Islamic financial services and an extensive presence and commitment in Saudi Arabia will empower AJIL to deliver impactful cutting-edge solutions and stay at the forefront of the financial services industry

Rao Hamid Khan

General Manager, Systems Arabia and Bahrain

We are delighted to welcome AJIL Financial Services to the Temenos community. With global expertise and industry-leading technology, we empower AJIL to elevate the customer experience and advance Islamic lending in Saudia Arabia with secure, state-of-the art banking solutions.

William Moroney

Chief Revenue Officer, Temenos

Together, AJIL Financial Services and Systems Arabia are setting a new benchmark in financial services innovation, driving growth, compliance, and customer satisfaction in the Saudi market. With the adoption of Temenos’ cloud-native and AI-driven solutions, AJIL is well-positioned to lead the next era of Islamic lending, empowering businesses and individuals with smarter, more accessible financial solutions.