• Agent Banking
  • FOS
  • Reconciliation
  • EFTN

Ababil RTGS (Real Time Gross Settlement) system is a gross settlement system of money or securities in which both processing and final settlement of funds transfer instructions can take place continuously (i.e., in real time). The module supports the following:

  • Fund transfer
  • Credit and intra-day liquidity management
  • Payment entry and processing using MX message format ISO 20022
  • A multi-currency system

Ababil agent banking module provides limited scale banking and financial services to the underserved population through engaged agents under a valid agency agreement, rather than a teller/ cashier. The module supports the following:

  • Cash deposit
  • Cash withdrawal
  • Remittance
  • Fund transfer transactions

Ababil’s FOS (Financing Originating System) is a web based enterprise solution to maintain a work flow, manage financing origination and processing financing proposals centrally by using workflow management process and document imaging modules. The module supports the following:

  • User Group Creation & Management
  • Financing Origination for funded and non-funded Products
  • Applicant’s CRG Calculation and assessment

Ababil reconciliation module matches the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement. The module is able to reconcile following:

  • HO/Inter-Branch transactions
  • Nostro transactions
  • Central Bank transactions
  • ATM/POS/Credit Card transactions

Ababil EFTN module facilitates the transmission of payments between the banks electronically. The module supports the following:

  • Customer Initiated Entry (CIE)
  • Prearranged Payment and Deposit (PPD) & Direct Deposit
  • Transaction Status
  • Transaction Verification
  • Management of Transaction Entries
  • Management of Originated EFT Files
  • Importation of Existing Excel Files into the system
  • Import File List Generation


Over the last fourteen years, Millennium Information Solution Ltd. (Millennium) has established itself as a consistent and reliable software company through its commitment and dedication towards quality, innovation and customer satisfaction. The company specializes in software solutions that provide competitive advantage by improving decision-making process and enhancing business performance of customers. Millennium believes in a unique, upscale and innovative work environment to provide better customer satisfaction through quality innovation. We continually strive to build such an atmosphere, which will spawn innovation in delivering higher value for money to our customers.

At Millennium, we bring talents, technologies and values in one platform and transform the potential of a group dedicated professionals into the reality with a dream to introduce quality software solutions to the world market. We are organized under the leadership of internationally experienced specialists in the fields of Business and Information Technology with a focus in software development.

Our Featured Product

Ababil - Integrated Islamic Banking Solution

Millennium Information Solution Ltd. started designing and developing its flagship product Ababil back in 1996. The largest Islamic Bank in the country was the first client as well as partner to have the first version of it implemented in their 100 branches by the year 1999.

Sylvia - Automated HRM & Payroll Solution

SYLVIA, a totally web-based Human Resource Management Solution (HRMS) designed and developed with a view to achieving maximum business benefit for enterprises looking for an effective and efficient way of running their HR operation to meet their strategic as well as operational HR goals.