ICS Financial Systems Ltd Receives “Best Islamic Software Provider MENA 2015” Award

23 March 2015

Global Banking and Finance Review, one of the worlds’ leading global banking and finance publication 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 MENA for 2015”.

The Global Banking & Finance Review Awards recognize excellence within the global financial community. They have been designed to reflect the innovation, achievement, strategy and progressive changes taking place within the financial sector.

Global Banking and Finance Review awards ICS Financial Systems Ltd- ICSFS in recognition for its continued commitment to quality and innovation in banking software. 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 System delivers comprehensive scalable Islamic software solutions for banking clients of all size. Their professionalism, commitment to client relations and state-of-the-art management software delivers maximum value,” said Wanda Rich, Editor, and Global Banking & Finance Review.

Managing Director of ICSFS, Robert Hazboun commented, “We are delighted to receive this award, and are looking forward to continue providing world-class banking solutions. Our ICS BANKS® solutions service all financial and banking sectors, and provide a complete suite of banking and financial systems to many regions across the globe. Our ICS BANKS ISLAMIC solution has facilitated banks in achieving a competitive edge by offering 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.”

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 Software Provider in MENA for 2015 because of the company's outstanding achievements in many areas of software technology and by performing well in the following categories according to judging panel:

  • Tailored solutions
  • Range of support and consultancy services
  • Scalable solution suitable for small and large banks and financial institutions
  • Real time online software
  • Addresses challenges the financial service industry is facing;  including deregulation and risk management
  • Skilled and knowledgeable consultants

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, in compliance with the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).

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