About BML Istisharat
BML Istisharat is a Financial Services company based in Beirut (Lebanon) founded in 1972 by Joe Faddoul, and was acquired by Mawarid Finance in March 2018. It operates as a banking software solutions are provided for management and Islamic services. Its chief executive is Joe Faddoul. BML Istisharat offers products and services including ICBS, LIRIS, CIRIS, IMAD, and ICBS Islamic. Its focus areas include FinTech, Islamic FinTech, Banking and Banking IT. Its legal entity is BML Istisharat SAL. Its competitors include nCino, ION Group, Temenos, Backbase and Ohpen and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
BML Istisharat was established in 1972 in Beirut, Lebanon, within the banking software sector. Solutions for banking management, insurance, industrial operations, and Islamic banking are developed and supplied. Availability extends to multiple locations for broader implementation. Additional services in business consulting, project management, and knowledge transfer are extended to support client needs.
- Headquarters Beirut, Lebanon
- Founders Joe Faddoul
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website istisharat.com
- Social LinkedIn
- Acquired by Mawarid Finance (Mar 2018)
- Legal Name Bml Istisharat Sal
- Investors
- Acquired byMawarid Finance
(Mar 2018)
Products & Services of BML Istisharat
BML Istisharat offers a comprehensive portfolio of products and services, including ICBS, LIRIS, CIRIS, IMAD, and ICBS Islamic.
Integrated system for computerized banking operations and financial management.
System for life insurance and reinsurance processing and administration.
Platform for general insurance and reinsurance integrated management.
Tool for industrial management and distribution system operations.
Specialized system for Islamic banking and financial transactions.
Investors in BML Istisharat
BML Istisharat has secured backing from 1 investor. Prominent investors backing the company include Mawarid Finance.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Operates as a diversified Islamic lending non-banking financial institution. | 2006 | mawarid.ae | Dubai, United Arab Emirates |
Investor details for BML Istisharat
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People of BML Istisharat
1 people are tracked at BML Istisharat (1 in leadership).
| Name | Role | Group |
|---|---|---|
Joe Faddoul | Founder & CEO | Leadership |
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Timeline of BML Istisharat
2 dated milestones of BML Istisharat across 46 years, from founding to its latest funding, stage changes and deals.
- Founded BML Istisharat is founded.
- Exit Acquired by Mawarid Finance.
Competitors of BML Istisharat
BML Istisharat has 9 listed competitors in our database, 8 of them funded. They include nCino, ION Group, Temenos, Backbase and Ohpen, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ncino.com | 2011 | Wilmington, United States | $221.56M | 1,833 | Cloud-based API platform for banking operations is provided. | |
| iongroup.com | 1998 | New York, United States | $400M | 988 | Treasury management solutions are provided for financial institutions and banks. | |
| temenos.com | 1993 | Geneva, Switzerland | – | – | Developer of AI and cloud-based banking software suite | |
| backbase.com | 2003 | Amsterdam, Netherlands | $128.51M | 2,000 | AI-powered banking platforms are provided for operational growth. | |
| ohpen.com | 2008 | Amsterdam, Netherlands | $48.16M | – | Developer of cloud-based core banking platform for retail mutual funds and savings accounts | |
| nymbus.com | 2015 | Miami, United States | $195.42M | 221 | Cloud-based core banking solutions are offered to financial institutions. | |
| tuum.com | 2019 | Tallinn, Estonia | $49.76M | 82 | Cloud-native API-first core banking platform is provided for banks. | |
| thoughtmachine.net | 2014 | London, United Kingdom | $787.11M | – | Cloud-based platform for core banking is developed via APIs. | |
| finxact.com | 2016 | Jacksonville, United States | $74.84M | 133 | Cloud-based core banking software is delivered via open APIs. |
Detailed competitors of BML Istisharat
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Web traffic of BML Istisharat
The website of BML Istisharat (istisharat.com) receives about 1.9K visits a month.
- Monthly visits1.9K
▲ 3.9% vs previous month
Top companies in Islamic FinTech Solutions
10 companies that operate in the same segment as BML Istisharat (Islamic FinTech Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
FWD Group is recognized as an innovative insurance provider. | 2013 | Hong Kong, Hong Kong, China | USD 1.83 B | USD 4.35 B | 11,261 | |
Business loans are connected via an online P2P lending platform. | 2015 | Jakarta, Jakarta, Indonesia | USD 254.32 M | – | – | |
Micro-entrepreneurs and SMEs are linked to investors through P2P lending. | 2010 | Cilandak, Jakarta, Indonesia | USD 53 M | – | – | |
Shariah-compliant investments and savings are offered to individuals. | 2017 | New York, New York, United States | USD 95 M | – | – | |
Buy-now-pay-later installment solutions are provided for retail shoppers. | 2020 | Riyadh, Riyadh Province, Saudi Arabia | USD 556 M | – | 1,550 | |
Unpaid invoices are financed through an online P2P marketplace. | 2019 | Riyadh, Saudi Arabia | USD 35.17 M | – | – | |
Embedded finance solutions are provided for small businesses. | 2007 | London, England, United Kingdom | USD 42 M | – | – | |
Abhi is recognized as a fintech company in Pakistan. | 2021 | Karachi, Sindh, Pakistan | USD 19.13 M | – | – | |
Financial services are provided for MSMEs, investors, and businesses. | 2015 | Lahore, Punjab, Pakistan | USD 24.5 M | – | – |
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Related news about Bml Istisharat
Complete news archive for BML Istisharat
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Frequently Asked Questions about BML Istisharat
BML Istisharat was founded in 1972.
BML Istisharat is headquartered in Beirut, Lebanon.
Joe Faddoul is the current CEO of BML Istisharat. They have also founded this company.
BML Istisharat was established in 1972 in Beirut, Lebanon, within the banking software sector. Solutions for banking management, insurance, industrial operations, and Islamic banking are developed and supplied. Availability extends to multiple locations for broader implementation. Additional services in business consulting, project management, and knowledge transfer are extended to support client needs.
BML Istisharat's top competitors include nCino, Thought Machine and Tuum.
BML Istisharat offers ICBS, LIRIS, CIRIS, IMAD, and ICBS Islamic.
BML Istisharat has 1 investor. Key investors include Mawarid Finance.
BML Istisharat operates through Bml Istisharat Sal.
Yes. BML Istisharat was acquired by Mawarid Finance in March 2018.