Panin Dubai Syariah Bank opts ICS BANKS ISLAMIC to lead Innovation across The Indonesian market

November, 2017

Jakarta, Indonesia: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that Panin Dubai Syariah Bank which is a long-standing major Indonesian bank, has officially selected the multi-awards winning system ICS BANKS ISLAMIC to replace its existing legacy system. An international competitive bid was open where leading Islamic banking software solutions providers were shortlisted, ICSFS won the deal due to its complete integrated End-to-End and comprehensive suite of superior Islamic Banking applications in addition to its advanced upgraded technology services.

Panin Dubai Syariah Bank marks a major milestone for ICSFS as its our first reference and breakthrough in the country, we are counting on this opportunity to operate Efficiently in this competitive emerging banking market by bringing in our latest products and superior services.” Malkawi added” we are keen to deliver excellent customer service through highly motivated teams and innovative banking technology and we are looking forward for a long-lasting partnership with Panin Dubai Syariah Bank.

– Mr. Wael Malkawi, Executive Director of ICSFS

It’s worth mentioning that Panin Dubai Syariah Bank launched an international tender back in January 2017 and ICSFS has won over five major international vendors who participated in the RFP. This major milestone strengthens the presence of ICSFS in the South Asian Market.

Panin Dubai Syariah Bank:  its head office is based in West Jakarta. It runs its business in the banking industry by using sharing profit principle based on Islamic Laws. It obtained its work permit – as a commercial bank who runs its activities based on Islamic Laws.

About ICS Financial Systems Ltd. – (ICSFS): a leading provider of modular, universal banking systems with offices in United Kingdom, Jordan, United Arab Emirates, Iraq, Saudi Arabia, Palestine, Sudan, Nigeria and Lebanon. ICSFS is a leading provider of a universal modular, core banking systems, who’s 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.

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