New Signing Deal - ITS with Sohibkorbank

​ITS Wins Deal to Provide Technology for First Islamic Bank in Tajikistan

8 November 2018

Alkheshnam: “ITS’s appointment by Sohibkorbank underscores our reputation as an established and trusted global technology partner who consistently delivers effective and efficient Islamic financial solutions. “

International Turnkey Systems Group (ITS), an industry leader in the provision of innovative information technology solutions and services, announced that it has signed a groundbreaking deal with Sohibkorbank, the first Islamic bank in Tajikistan, to deliver a full Core Islamic banking and digital banking solution.

​ITS was awarded the deal, which will facilitate Sohibkorbank’s conversion into the first fully-fledged Islamic bank in the Republic of Tajikistan, amidst strong competition. The deal will see ITS implement an Islamic Banking Information System (lBlS) powered by the Company’s award winning ETHIX solution. The scope of work includes the implementation of a number of the ETHIX modules including ETHIX-Core, ETHIX-Branch, ETHIX-Finance, ETHIX-Net, ETHIX-Mobile, ETHIX-FATCA and ETHIX-360.

Commenting on the announcement, International Turnkey Systems (ITS) CEO, Mr. Esam Alkheshnam, said: ““I am pleased to join hands with Sohibkorbank to facilitate their conversion into a fully-fledged Islamic bank and to deliver the first Islamic banking system in the Country. This deal represents ITS’s successful exploration into Central Asia which is aligned with our strategic expansion plan. We are working to establish ourselves in the region as we continue to expand our brand’s geographical footprint and customer network.”

CEO of Sohibkorbank, Mr. Sherali Zardov, said: “We are excited to partner with ITS as we work to complete our transformation to become a leader in Islamic financing in Tajikistan. After a rigorous evaluation process, ITS was selected due to the fact that their ETHIX solution, as well as the high quality of technical support offered by ITS, met our needs. In addition, the ability of ITS to provide support in our local language further demonstrates ITS commitment.”

The ITS ETHIX Suite is designed to provide Islamic Banks and financial institutions with a competitive advantage by offering pioneering financial technologies that transform the customer experience.

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