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Global Banking & Finance Review names ICS Financial Systems Ltd “Best Islamic Banking Technology Provider Middle East and Africa”

Global Banking and Finance Review has announced ICS Financial Systems Ltd. (ICSFS), the global software and services provider for banks and financial institutions, as the “Best Islamic Software Provider in Middle East and Africa for 2016”.

Global Banking and Finance Review awards ICS Financial Systems Ltd in recognition for its continued commitment to quality and innovation.   ICS BANKS ISLAMIC provides a complete suite of banking business modules with a rich sweep of functionality and features, addressing business needs and automating accounting processes, as needed, to improve a bank’s business performance.

“ICS Financial Systems continues to demonstrate their commitment to Islamic Banking by providing clients with comprehensive scalable Islamic software solutions. Their professionalism, commitment to client relations and state-of-the-art management software delivers maximum value,” said Wanda Rich, Editor at Global Banking & Finance Review. “We look forward to seeing further growth and industry-leading solutions from them in the years to come.”

Managing Director of ICSFS, Robert Hazboun commented;

“It is our privilege to accept this award, as it marks our 3rd consecutive year in winning from Global Banking and Finance Review. We have been named “Best Banking Technology Software Provider” in 2014 and “Best Islamic Software Provider MENA” in 2015. We are proud of our powerful  technology platform, ICS BANKS ISLAMIC, as unlike other Islamic banking system, ours offer a complete integrated end-to-end and comprehensive suite of Islamic banking applications, that is suited to the bank’s needs whether it’s for an Islamic bank or a conventional bank looking to create an Islamic Banking window, and delivering real-time Islamic banking services.”

The awards honour companies that stand out in particular areas of expertise in the banking and finance industry. ICS Financial Systems Ltd. as the Best Islamic Banking Technology Provider Middle East and Africa because of the company's outstanding achievements in many areas of Islamic banking technology and by performing well in the following categories according to our judging panel:

  • Addresses challenges the financial service industry is facing: including deregulation and risk management
  • Customized solutions suitable for small, medium and large banks and multi-national banking businesses
  • Highly flexible parameterisation
  • Commitment to clients, providing a wide range of support and consultancy services
  • Meets all business and Shari ‘a  requirements
  • Skilled and knowledgeable consultants
  • Continued expansion into new markets

ICS BANKS ISLAMIC has always been a pioneer in utilising the latest technology to serve financial institutions with its embedded Service-Oriented-Architecture (SOA), and fully integrated solution that is designed and developed following the principles of Shari’a.