Jordan Dubai Islamic Bank Selects SunGard’s Ambit Credit Risk Management Solution Suite

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Jordan Dubai Islamic Bank (JDIB), a full-fledged Islamic bank based in Jordan, has selected SunGard’s Ambit for credit assessment and credit portfolio monitoring to help lay the foundation for risk-based decision-making and pricing, and for improved capital and credit risk management.

Jordan Dubai Islamic Bank (JDIB), a full-fledged Islamic bank based in Jordan, has selected SunGard’s Ambit for credit assessment and credit portfolio monitoring to help lay the foundation for risk-based decision-making and pricing, and for improved capital and credit risk management. The bank will use Ambit to help improve the efficiency of its credit process, enhance its relationship management capabilities, gain better visibility into its financing portfolio and comply with requirements laid out by the Basel II/III regulations.

Ambit Credit Assessment will help JDIB standardize its spreading and credit assessment processes and deploy uniform risk rating models, particularly for its corporate and small and medium enterprise (SME) clients. The SunGard solution will also help the bank enhance face-to-face client interactions via ‘strategy screens,’ helping to nurture client relationships in line with the core Islamic finance principle of ‘partnership’ and thereby helping reduce relationship risk.

Ambit Credit Portfolio Monitoring will help the bank perform portfolio trend analysis, concentration analysis, portfolio stress testing and portfolio reporting in order to analyze and monitor credit risk across various portfolios and sub-portfolios.

Ahmed A. Abdullah, deputy chief executive officer and chief risk officer for Jordan Dubai Islamic Bank, said, “As a relatively young bank, JDIB has the opportunity to establish a comprehensive risk management system that will help us meet our profitability objectives while maintaining prudent financing standards and appropriate capital adequacy. SunGard’s Ambit credit risk management solution suite will help us make better informed decisions about credit worthiness at the initial stages of client evaluation, estimate the impact of both internal and external factors on the risk around our portfolio, and subsequently determine the risk associated with our financing portfolio to our short and long term profitability.”

Wissam Khoury, managing director for the Middle East at SunGard Financial Systems, said, “SunGard’s Ambit credit risk management solution suite helps banks increase the strength of their risk-adjusted performance. From assessing the creditworthiness of clients and enhancing the bank’s relationship management capabilities, to helping improve transparency into the financing portfolio, Ambit helps banks, such as Jordan Dubai Islamic Bank, better understand their risk and consequently make more informed financing decisions.”

About Jordan Dubai Islamic Bank
Jordan Dubai Islamic Bank is a public shareholding company with a paid up capital of JD 89 million and is a result of transforming the Industrial Development Bank into a comprehensive banking entity operating under a new name and in accordance with the Islamic Sharia law. Dubai Islamic Bank and its partner Jordan Dubai Capital together control a majority stake in the Bank’s capital. JDIB offers a complete package of Islamic banking solutions developed according to the highest international standards and supported by Dubai Islamic Bank’s vast expertise in this field, to meet the growing demand in the Jordanian market.

About SunGard’s Ambit
SunGard's Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and performance. Ambit helps banks retain and acquire customers, improve staff efficiency and effectively measure and allocate their capital. For more information, visit http://www.sungard.com/ambit.

About SunGard
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and was ranked 434 on the Fortune 500 in 2011. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo and Ambit are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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Adriana Senior
SunGard
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