Misys Banking Systems has been operating in the Middle East for over 20 years and now provides core banking systems for more than 70 banks in the region, including six dedicated Islamic Banks. It is through this valuable experience that Misys has been able to develop Misys Equation Islamic Banking, which has embedded fully Sharia-compliant Islamic functionality into Misys Equationâs internationally proven solution. This product and the associated Misys Islamic experts that assist with its implementation have been very successful in assisting banks to: set-up new Islamic Banks, convert conventional banks to Islamic Banking, and also to better automate already established Islamic banks. Among the most recent implementations are Islamic Bank of Britain (UK), Bosna Bank International (Bosnia), and Lebanese Islamic Bank (Lebanon).
Roy Froud, head of sales Middle East & Africa, Misys Banking Systems comments, âDemand for Islamic banking has grown exponentially over the last decade. We have been able to use our deep understanding of the issues and challenges of the Islamic Banking market in order to develop our solution - Misys Equation Islamic Banking. We would like to thank His Highness Sheikh Mohammed bin Rashid Al Maktoum for his support of the Islamic Finance industry. We would also like to thank our customers for their continuing support.â