Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
AL-Thiqa Islamic Bank Selects ICS BANKS® ISLAMIC System from ICSFS
 

September, 2017

Dubai, UAE: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that AL-Thiqa Islamic Bank a newly established bank in Iraq, has selected the multi-awards winning system ICS BANKS® ISLAMIC System.

AL-Thiqa Islamic Bank is a newly registered Iraqi bank that will be offering banking and financial services in Iraq.  It will be implementing ICSFS’ universal Islamic flagship, ICS BANKS ISLAMIC Core Banking, Murabaha, Musharaka, Ijara,  Mudaraba, Al Qard  Al Hasan, Time Deposit, Profit Distribution Trade Finance Module, Credit Facilities & Risk Groups, Remittances.

The signing ceremony took place at ICSFS’ regional office in Amman, Jordan. Attending the ceremony were 

the Executive Representative of AL-Thiqa Islamic Bank; Mr. Muamer Al-Fakhry and the Executive Director of Business Development at ICSFS; Mr. Wael Malkawi. 

Following the signing ceremony, the Executive Representative of AL-Thiqa Islamic Bank; Mr. Muamer Al-Fakhry commented:

“We are delighted that we have become part of ICSFS expanding growing customers in Iraq, our target is to provide different banking services that are designed and developed following the principles of Shari’a. We chose ICS BANKS ISLAMIC from ICS Financial Systems for its wide experience specially in the Iraq’s banking and financial sector, we believe ICS BANKS ISLAMIC will increase the efficiency of our various financial operations, and assist us deliver the bespoke products and services”.

On this occasion, the Executive Director of Business Development at ICSFS; Mr. Wael Malkawi commented:

“ICS BANKS was chosen for its well-known reputation in the world and Iraq, we are very proud of our huge flourishing steps in the Iraqi market, we look forward to a long-lasting partnership with Al-Thiqa Bank where it will receive a wide range of professional services to automate its banking service.” Malkawi added “we are delighted to achieve a successful industry-leading solution execution in Iraq, and are committed to provide our superior products and services to deliver the best services to Al Thiqa Bank.” 

ICS BANKS ISLAMIC provides a complete suite of banking business modules with a rich sweep of functionalities 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 utilising the latest technology to serve financial institutions. In addition to its embedded Service-Oriented-Architecture (SOA), the system is deployed in a multi-tiered setup that runs on a web thin client. 
 

 


Posted by : Dubai PR Network Editorial Team
Viewed 7960 times
PR Category : Banking & Investments
Posted on : Monday, September 18, 2017  3:56:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Investment Opportunities in the GCC-India Corridor Continue ...
Next Story : AL-Thiqa Islamic Bank selects ICS BANKS ISLAMIC System from ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
NARS Erdem SS19 Beauty Report [10657-Views]
Diana Arno Expands Online Shopping to Middle East [9504-Views]
Introducing VK Beauty Lounge & Bar [9242-Views]
Introducing Home Fragrance at Robinsons, Dubai Festival City [9180-Views]
Defying Age With Skin Republic's Gold and Platinum Face Masks [8662-Views]
The Future Is Here [8546-Views]
Roberto Cavalli's Exclusive Duo of Fragrances [8333-Views]
Lacoste.12.12 Collection [6753-Views]
Bring a Touch of Sophistication to Your Home with The Exclusive SmegXDolce&Gabbana Collect... [6740-Views]
Trevor Sorbie Range Relaunches in the UAE [6185-Views]
FOREO To Attend TFWA: the World's Largest Travel Retail Show [5752-Views]
Carl F. Bucherer Celebrates Debut of Its Online Boutique on Jd.Com Launch of Limited-Editi... [5496-Views]
GROHE Smart Home: The App-Controlled Water Security System [5313-Views]
Le Meridien Dubai Hotel & Conference Centre's Restaurant Promotions- October [5081-Views]
William Collection by Hugo Boss [4862-Views]
Honda voted “Preferred Sedan Car Brand of the Year” for the fourth year in a row [4807-Views]
Al-Futtaim ACE launches its stylish new Outdoor collection [4758-Views]
Al-Futtaim Toyota swoops another win at the Filipino Times Awards [4612-Views]
Pamper yourself at Perfumery & Co this month, at The Dubai Mall [4532-Views]
Dubai Design Week continues to grow, cementing Dubai as the design capital of the Middle ... [4386-Views]
O Boticário Opens in Dubai its First Amphora Store outside Brazil Come Join The Openi... [4215-Views]
Mousses Etoiles to reveal the latest luxury designs of commercial-use outdoor furniture at... [4099-Views]
Honor Set to Go Beyond Limits With the Launch of Honor 8x [3764-Views]
The Mummies of Dubai Give Their Kids a Preppy Style Makeover [3654-Views]
Tata Communications launches a specialised cyber security lab at Shanmugha Arts, Science, ... [3611-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories