AL-Thiqa Islamic Bank Deploys ICS BANKS ISLAMIC System from ICSFS

Amman - 4 December 2017

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that AL-Thiqa Islamic Bank has gone live on the multi-awards winning system ICS BANKS ISLAMIC.

AL-Thiqa Islamic Bank chose ICS BANKS ISLAMIC to stay in the top of the list in this highly motivated banking market. the project was accomplished in a record break time of two months, the implementation process was smooth, swift and transparent.

The Executive Representative of AL-Thiqa Islamic Bank; Mr. Muamer Al-Fakhry commented: “We are proud to vision this partnership reflected into reality, ICSFS represents the ideal strategic powerful partner to us, in terms of its unlimited experience in Iraq and around the globe, ICS BANKS ISLAMIC will be a key factor in assisting us achieve our goals and optimize our banking services.”  Al-Fakhri added “We would like to thank ICSFS implementation teams for their valued efforts and efficient performance, and we are Looking forward for a long-lasting partnership with ICSFS.”

On this occasion, the Executive Director at ICSFS; Mr. Wael Malkawi commented: “We are committed to provide the latest banking technologies to our clients, where we assist them achieve the bespoke performance and excel among their peers.” Malkawi added” AL-Thiqa Islamic Bank will enjoy this universal Islamic software’s complete, integrated end-to-end and comprehensive suite of scalable and sophisticated Shari’a compliant products and services that addresses and fulfils all of the bank’s requirements.”

ICS BANKS ISLAMIC provides a complete suite of banking business modules with a rich sweep of functionalities and features, addressing business needs and automating accounting processes, as needed, to improve a bank’s business performance. ICS BANKS ISLAMIC has always been a pioneer in utilising the latest technology to serve financial institutions. In addition to its embedded Service-Oriented-Architecture (SOA), the system is deployed in a multi-tiered setup that runs on a web thin client.

Al-Thiqa Islamic Bank, a newly established Bank located in Iraq, it was officially registered by the central Bank of Iraq, in order to deliver banking service.

ICS Financial Systems Ltd. - (ICSFS), a leading provider of modular, universal banking systems with offices in United Kingdom, Jordan, United Arab Emirates, Iraq, Saudi Arabia, Palestine, Sudan, Nigeria and Lebanon. ICSFS is a leading provider of a universal modular, core banking systems, who’s success can be attributed to its turnkey offerings, ICS BANKS and ICS BANKS ISLAMIC, which serves and supports customers across the globe. ICSFS provides fully integrated universal, banking applications that deploys solutions and a range of professional services to automate and streamline banking services.

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