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Published On: Sat, Nov 14th, 2015

ICS Financial Systems Successfully Participates at the International Islamic Banking Summit Africa, Djibouti 2015

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DSC_0035Republic of Djibouti, Africa: ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions, showcased its multiple award winning Islamic banking software, ICS BANKS ISLAMIC, at the International Islamic Banking Summit Africa 2015, which was held at the Djibouti Palace Kempinski Hotel, Nakheel Ballroom from 4th November till 5th November, 2015.

The International Islamic Banking Summit Africa 2015, a new innovative platform launched by the Central Bank of Djibouti in collaboration with the UK-based Ethico Live, was launched on 4th November 2015 during a high-profile opening ceremony at the Kempinski Palace in the Republic of Djibouti. Convened under the patronage of H. E. Ismaïl Omar Guelleh, President of the Republic of Djibouti and Head of Government, and held with the official support of the Central Bank of Djibouti, the event was attended by more than 300 industry leaders from 27 countries representing over 70 international and regional organizations.

ICS Financial Systems successfully showcased its flagship; ICS BANKS ISLAMIC solutions, which provides a complete suite of Islamic banking business modules with a rich sweep of functionality and features.  During the summit, ICSFS was committed to deliver an extraordinary value through its banking application ICS BANKS ISLAMIC that reduces operational expenses for clients and provides additional layers of security at all levels of a bank’s operations.

Managing Director of ICSFS; Mr. Robert Hazboun stated,

“The appetite for Islamic finance offering is growing, especially in Africa. Djibouti has the potential to become a unique center of excellence in Islamic finance. From this prospective, we increased our interest in launching our products and services in this Market. ICSFS showcased its comprehensive Islamic Shari’a-compliant system ICS BANKS ISLAMIC at the International Islamic Banking Summit, which was a large assemblage of financial institutions and Banks from all around Africa.”  Mr. Hazboun added, “We were overwhelmed by the remarkable demand and focus on our ICS BANKS ISLAMIC software, as several Islamic banks have already showed interest in our distinguished solutions.”

ICS BANKS ISLAMIC has always been a pioneer in utilizing the latest technology to serve financial institutions. In addition to its embedded Service-Oriented-Architecture (SOA), ICS BANKS ISLAMIC is deployed in a multi-tiered setup that runs on a web thin client. ICS BANKS ISLAMIC has won many awards, of which,  “Best Islamic Software Provider in MENA for 2015” from Global Banking and Finance Review, one of the worlds’ leading global banking and finance publication, and “Islamic Banking Application of the Year” at the BoICT Award 2015 that was held in Lagos – Nigeria.

ICS BANKS ISLAMIC consists of Core Banking, Murabaha & Musawama, Ijara & Forward Ijara, Service Ijara, Operational Ijara, Istisna’a, Mudaraba, Musharaka, Salam, Qard Hasan, Unrestricted and Restricted Investment Accounts & Profit Distribution, Credit Facilities & Risk Groups, Remittances, Investment & Treasury, Trade Finance, ERP Suite including Fixed Assets, Inventory, Accounts Payable, Procurement and Human Resource Management System, delivery Channels such as Internet Banking, Mobile banking and ATM/POS & Kiosks.

For more information about ICS BANKS ISLAMIC, you may visit http://www.icsfs.com/en/products/islamic-banking


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