ICS Financial Systems Receives Further Industry Recognition for its ICS BANKS ISLAMIC solution in Sudan

December, 2014

ICS Financial Systems joins the International Forum on Islamic Finance – IFIF 2014 as a Silver Partner

ICS Financial Systems Ltd. – ICSFS, a global leader in the banking software industry, received high recognition for innovation while showcasing its complete suite of Islamic banking software offerings from ICS BANKS ISLAMIC at the International Forum on Islamic Finance – IFIF 2014, which was held on the 9th & 10th of December at Al Salam Rotana Hotel in Khartoum, Sudan.

ICSFS participated as a silver partner to achieve its strategy of strengthening its presence in the Sudanese market and the East African market. ICSFS showcased its ICS BANKS ISLAMIC which is a complete suite of Islamic banking business modules with a rich sweep of functionalities and features, with the ability to quickly roll out innovative products in diverse markets, considering local and country specific requirements. ICSFS captured delegates’ interest while showcasing ICS BANKS ISLAMIC, for the features the solution provides the banks with, to transform the operational procedures, to meet current and future financial industry standards through applying best practices, by being in compliance with international standards; such as the Islamic Fiqh Academy, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Islamic Financial Services Board (IFSB), and Basel Committee on Banking Supervision.

The forum convened under the theme “Fast-Tracking the Accessibility of Islamic Finance in Africa”, IFIF Sudan brought together over 250 international delegates to join essential discussions delivered by industry leaders from across the world of Islamic finance, seeking to capture African opportunity for Islamic finance.

Held under the official patronage of the Ministry of Finance & National Economy and the Central Bank of Sudan and in strategic partnership with Bank of Khartoum and Dubai Islamic Bank, the two-day forum provided a high profile platform to specifically focus on the opportunities and challenges that are forging the Islamic banking, finance and investment landscape in Africa.

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 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), the system is deployed in a multi-tiered setup that runs on a web thin client, J2EE environment.

For more information about the event please visit: https://islamicfinancesudan.megaevents.net/

About ICS Financial Systems Ltd. – (ICSFS): Sister company of International Computer Systems (London) Ltd – (ICS-London), with offices in United Kingdom, Jordan, United Arab Emirates, Qatar, Iraq, Saudi Arabia, Palestine, Sudan, Nigeria, Lebanon, which is a leading provider of modular, core banking systems. ICSFS’ success can be attributed to its turnkey offerings, ICS BANKS and ICS BANKS ISLAMIC, which serves and supports customers across the globe. ICSFS provides fully integrated universal, banking applications that deploys solutions and a range of professional services to automate and streamline banking services. www.icsfs.com.

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