Islam prohibits paying and receiving interest (Riba) in any of its financial transaction. On the other hand, the productivity of capital is recognized. As a consequence, providing capital for an economic activity and sharing the resulting profit or loss as well as charging a higher price for deferred payments in trade is permitted in Islam.

In principle, this opens the way to two concepts:
- profit and loss sharing schemes and
- financing techniques based on permissible profits from trade.

Inspired with the above spirit and ideology, 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. Since then, the product went through technological and functional evolution, which turned into a new generation Banking Software.

The unique strength of Ababil is the fact that Islamic Sharia based business logics of this product gained maturity with the involvement and input of Sharia Scholars form home and abroad, renowned bankers and field level users since the inception of the product. It also became robust through repeated field tests. The main engine of Ababil was ground up designed as an Islamic Sharia complaint solution, not a by product of a conventional banking application.