Mindscape to implement HR solution for largest Islamic bank in the nation

22 - May 2006: Dubai Islamic Bank (DIB) has selected the Oracle HRMS (Human Resources Management System) a key component of the Oracle E-Business Suite to integrate its HR processes and further optimize its operations in the UAE and globally. Mindscape Information Technology, leading systems integrator for the financial services industry and Oracle Certified Partner will implement the solution and manage systems integration.

DIB will rollout the entire Oracle HRMS in two phases by end of this year. In the first phase, modules to be implemented will include Oracle Human Resources, Oracle Payroll, Oracle Self-Service Human Resources and Oracle Time and Labor. The second phase will constitute implementation of Oracle Learning Management and iRecruitment modules.

The Oracle Payroll's core payroll engine localized for UAE will provide organization-wide control of workforce payroll and compensation data along with the ability to create personalized compensation policies and programs. As DIB expands its offices globally the bank will deeply benefit in managing compensation with one global payroll engine that will utilize country specific localizations.

"We recognised the growth potential and feel we can really benefit from implementing more technically advanced solutions that would help the organisation," said Nadeem Busheri, Head of IT, Dubai Islamic Bank. Busheri comments that investment in Oracle HRMS is strategic as the bank foresees steady growth in employee base and wants to leverage on the latest enterprise technology to support various workforce transformation initiatives.

Speaking on the implementation, Sohail Khan, VP - Global Business Development, Mindscape said, "We are excited to work with DIB in its ongoing e-business transformation, which further strengthens the relationship between our two organizations. Oracle's technology solutions coupled with our strong domain knowledge of the financial industry, will result in a win-win situation for all parties."

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About Dubai Islamic Bank
Incorporated in 1975 in Dubai, the Dubai Islamic Bank (DIB) was the first bank specialized exclusively in Islamic financing instruments, in the world. The bank operates in the UAE all types of financial and banking services in accordance with the Islamic Sharia that prohibits usury. DIB is a public joint stock company and its share is quoted on the Dubai Financial Market. The bank reported net profit for the year ending 31st December 2005 of AED1.061 billion rising by 130 per cent compared to AED461 million in 2004. More information about DIB can be found on the Web at www.alislami.co.ae

About Mindscape
Mindscape Information Technology is an advanced technology and technical management firm that provides Technology for Business solutions. Organization's core competency is in delivering cost-effective and value added services in assisting clients meeting their strategic business goals. Over the past twenty years, Mindscape has emerged as specialist in development and application of advanced technology especially in major industries such as Banking, Financial Services, Insurance, Education, Healthcare, Retail, and Manufacturing. Mindscape consultants utilize quality frameworks such as SEI-CMM, ISO9001:2000, ISO17799 and BS15000.

For more information call
971-4-2741333 or
email at info@mindscapeit.com.

More information about Mindscape can be found on the Web at www.mindscapeit.com

Press Release 2006