Abu Dhabi Islamic Bank has selected Advent Portfolio Exchange (APX), Advent Software's integrated portfolio management and client relationship management software.

Advent Software, the provider of software and services for the global investment management industry, said that APX will provide Abu Dhabi Islamic Bank with the technology infrastructure for the global wealth management division it is launching.

"With APX we have an industry-leading system, from a company that is proven in the region, which enables us to conform to Shariah compliance and deliver world class client reporting," said Malik Sarwar, executive vice president, global wealth management, at Abu Dhabi Islamic Bank, which focuses on Shariah-compliant financial services.

"APX gives us the capabilities we require to meet the wealth management industry's best practice requirements, as well as the scalability to grow the business in line with our vision of being a top tier Islamic financial services group," he added.

APX is a portfolio management package that integrates prospecting, marketing, and customer relationship management with portfolio accounting and reporting.