ITS Named ‘Best Technology Provider’ at Islamic Business and Finance Awards

21 December 2009

Al-Said:- The Award is new achievement for our strategy to offer Solutions for Islamic Banks.

International Turnkey Systems Group (ITS), a leading ICT (Information Communication Technology) provider, announced today that it has been named the ‘Best Technology Provider’ of the year at the Islamic Business and Finance Award ceremony. The Award is a testament to ITS continued pioneering position in the Islamic Banking technology solutions field of business.

The Islamic Business & Finance Awards have been designed to recognize and reward excellence throughout the global Islamic Finance community. They honor Islamic Financial institutions from around the world and emphasize on the importance and growth of Islamic finance.

Khalid Faraj Al-Said, Managing Director and General Manager of ITS, accepted the award during a gala ceremony attended by CEOs, industry professionals and top officials representing several IT firms, banks and financial institutions from the Gulf region and beyond.

“We are proud to receive the Best Islamic Finance Technology Provider Award. This award is recognition of ITS’ strategic vision, management depth and our belief in Islamic banking principles,” said Al-Said. “Over the past year, we have invested heavily in our Sharia-compliant software and solutions. With the current financial crisis, I see a prospering future for Islamic finance as it still promises stability and success in difficult times.”

Al-Said also pointed to the fact that ITS has amassed a large number of awards over the past few years which demonstrates the company’s leadership and innovative spirit in the Islamic banking solutions market. The Islamic Banking market is considered one of the fastest growing economic sectors globally, which makes it one of the most competitive as well.

The Islamic Business & Finance Awards were launched in 2005 in response to the phenomenal growth of the Islamic finance industry.

ITS also walked away victorious at the recently concluded International Islamic Finance Forum Awards when it won the Best IT Solutions Provider to the Islamic Finance Industry at a ceremony honoring the region’s best Islamic finance products and services.

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