Your experience

Nouvelle Banque de Mauritanie

Customer testimonies

We wanted to affirm our commitment to our Islamic values and principles while at the same time ensuring our modernity and economic progress. We also wanted NBM to benefit from the latest developments in terms of banking techniques, information systems and procedures.

Abdel Aaghi Ould Ahmed Bouha CEO

Business Case

Sharia-Compliant in Four Months

The Nouvelle Banque de Mauritanie (‘The New Bank of Mauritania’ or NBM) chose Sopra Banking Software to coordinate its creation and the development of its activities. The implementation project began in December 2013 with the goal of getting live within a record timeframe, and effectively did so four months later, with the bank opening on June 12, 2014

In a Nutshell

  • Name: Nouvelle Banque de Mauritanie
  • Location: Mauritania
  • Need: Modern, Sharia-compliant core banking solution 

Development

NBM was the first bank to use Sopra Banking Amplitude for Islamic Banking. This solution allows banks to cover the entirety of Islamic banking activities. It comprises three segments: Islamic deposits, Islamic investments and profit distribution. It also allows users to manage Islamic products at the heart of a complete, flexible and modular core banking system, so that banks can manage all of their activities together (e.g. customer engagement, compliance, CRM, accounting, digital banking, treasury or risk) while conforming to Sharia law. 

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