Islamic Banking

The modern Islamic finance industry is young and evolving rapidly. It continues to expand and serve a growing population of Muslims as well as conventional, non-Muslim investors. The industry developed into an alternative model of financial intermediation that led to the creation of several private Islamic financial institutions. The International Monetary Fund and the World Bank also recognised these products as an alternative means of financial intermediation. During the 1990s, while growth in the Islamic banking industry continued, attention was also given to the development of non-bank financial institutions such as insurance companies and investment funds.


ICS BANKS ISLAMIC software suite is designed to cover all Islamic banking requirements and cater to each bank’s shari’a regulations. After decades of evolvement and innovation, ICS BANKS ISLAMIC has become a technologically frontier software, where agility is one of its core virtues. ICS BANKS ISLAMIC provides the bank with:


  • Full coverage of Islamic finance and banking ecosystem
  • Persistent technological advancement utilising the latest technologies to achieve lower total cost of ownership (TCO)
  • Strong, flexible, fast and reliable industry-approved profit distribution engine
  • Fully shari’a-compliant, covering various intellectual Islamic views in different regions and continents
  • Wide range of parameters to build Islamic products
  • Strong Business Process Management (BPM) and Document Management System(DMS) in its DNA
  • Customer engagement and customer social engagement through touchpoints
  • Vast touchpoints coverage with omnichannel in essence, to expand the bank’s businesses, regardless of geographical limitations
  • Robotics to automate, speed up internal processes and to be used in customer service
  • Boosting analytical powers and risk reduction through Artificial intelligence (AI)
  • Covering required clarity and strong reporting and analytical tools
  • Blockchain technology and smart contracts to enhance productivity, accuracy and lower costs
  • Regtech solutions
  • Cloud available to reduce infrastructure costs
  • Open APIs to connect to the outside world and support fintech activities




How AI is Changing Banking

ICS Financial Systems (ICSFS), is a leading provider of modular, core banking systems. Robin Amlôt discusses how banks should come to grips with artificial intelligence (AI) with the company’s Managing Director, Robert Hazboun.

Read the article 


How AI is Changing Banking



Be at the top of the world


Our Islamic banking software is a holistic digitalised software suite that delivers maximum value to clients of all sizes, it is a fully integrated Islamic banking software that provides open products with international standards, real-time business processing and value-added capabilities of tailoring products, on-premises or in the cloud. Our software suite future-proofs banking activities by providing a broad range of seamless and flexible features and capabilities, to enrich customers' journey experience.

ICSFS has always been one of the leading companies in providing awards-winning banking and financial services and best-of-breed products. ICSFS recognition on a global-level is granted by our devotion to excellence, customer enlightenment which made us a distinctive banking software provider, where we are recognised worldwide. In this path, ICS BANKS ISLAMIC is no exception, the product was built brick-by-brick on the following rudiments:

• Delivering real-value to customers
• Hassle-free and satisfactory implementation and support
• Productivity as a crown jewel
• Customer satisfaction at the top of the agenda on product, implementation, and support
• Cost-effectiveness
• Ongoing productivity with a wide range of functionalities and features
• Trouble-free implementation
• Peace of mind on free upgrades
• Keeping customers’ operational costs at the minimum, whilst at the same time, maximizing revenue and growth


For further information about ICS BANKS® ISLAMIC, please do not hesitate to contact us at