Manama, Bahrain 21 November 2010: Sakana Holistic Housing Solutions the Islamic mortgage finance provider recently received a completion certificate for successful implementation of the Document Management System (DMS) from IPP Technologies Pty Ltd an Australian Software development and consultancy Company.

IPP's document management solutions are based on Microsoft SharePoint, the industry leading collaboration product from Microsoft. The solution is web based with multi browser support and user interface in English and Arabic.

Mr. R Lakshmanan, CEO of Sakana said: "The DMS will speed up document handling and effective management of customer documentation throughout the mortgage process.  We believe the system will enable us to respond faster to customer needs and improve our customer service levels.  

The system is an integral part of Sakana's Business Continuity Plan and will also be used to handle documentation from external and internal sources received and sent throughout the organization. We are delighted to partner  with IPP Technologies."

Mr Subba Rao Varigonda, Managing Director of IPP Technologies said "We are naturally excited about our relationship with Sakana and are pleased to complete this implementation in record time through combination of dedicated on-site resources and off-site global support.  Based on this successful experience, we have decided to have greater focus in the Middle East markets with the Kingdom of Bahrain as our regional base.. 

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About Sakana Holistic Housing Solutions
Sakana Holistic Housing Solutions commenced operations in December 2006 as a dedicated mortgage finance provider in Bahrain, offering a comprehensive range of Sharia'a-compliant mortgage products. Sakana's holistic approach is paving the way for significant change in the Kingdom's mortgage market by making Islamic finance easier to understand and acceptable, as well as making it available to an ever-wider group of customers.

The company demonstrated significant growth since inception and has broadened its holistic focus by adding property consulting and property development to its portfolio.

Sakana is a finance company with paid up capital of BD 20 Million, regulated by the Central Bank of Bahrain.  Sakana started as a 50:50 joint venture between BBK and Shamil Bank.  In early 2010, Capinnova Investment Bank, the Sharia'a-compliant investment banking arm and fully owned subsidiary of BBK acquired 50% stake in Sakana from BBK.

For more information visit www.sakanaonline.com 

Issued by Sakana 

For press information contact:
Haya Khalil
Sakana Holistic Housing Solutions BSC (c)
Tel: +973 17 20 19 37
Fax: +973 17 21 46 63
E-mail haya@sakanaonline.com

© Press Release 2010