ICS Financial Systems to take part in the International Islamic Banking Summit Africa, Djibouti 2015

Djibouti - 26 October 2015

ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions, will be exhibiting and participating at the International Islamic Banking Summit Africa Djibouti 2015, which will be held at the Djibouti Palace Kempinski Hotel, Nakheel Ballroom from 4th November till 5th November, 2015.

The International Islamic Banking Summit Africa is an innovative new landmark gathering which will convene international industry leaders to boost economic development and facilitate greater trade and investment flows between Africa and the Organization of Islamic Cooperation (OIC) markets through Islamic finance. Hosted by The Central Bank of Djibouti and held under the Patronage of the President of Republic of Djibouti, the launch of the International Islamic Banking Summit Africa will bring a dynamic new platform to explore the opportunities for Islamic finance in Africa.

ICS Financial Systems will be showcasing its flagship; ICS BANKS® ISLAMIC solutions, which provides a complete suite of Islamic 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 BANKS® ISLAMIC has always been a pioneer in utilizing the latest technology to serve financial institutions. In addition to its embedded Service-Oriented-Architecture (SOA), ICS BANKS® ISLAMIC is deployed in a multi-tiered setup that runs on a web thin client, J2EE environment.

ICS BANKS® ISLAMIC consists of Core Banking, Murabaha & Musawama, Ijara & Forward Ijara, Service Ijara, Operational Ijara, Istisna’a, Mudaraba, Musharaka, Salam, Qard Hasan, Unrestricted and Restricted Investment Accounts & Profit Distribution, Credit Facilities & Risk Groups, Remittances, Investment & Treasury, Trade Finance, ERP Suite including Fixed Assets, Inventory, Accounts Payable, Procurement and Human Resource Management System, delivery Channels such as Internet Banking, Mobile banking and ATM/POS & Kiosks. 

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