ICSFS Social Gazette
Q4, 2019

 ICSFS had major announcements during Oracle OpenWorld 2019 of which:

  • ICSFS one of the first in the world to go-live with Oracle Blockchain Platform Enterprise Edition to revolutionize the cross-border payments
  • ICSFS to be one of the first to go-live with Oracle Database 19c and Oracle’s latest Fusion Middleware 12c in Africa and worldwide
  • ICSFS adoption of Oracle JET – JavaScript Extension Toolkit in the new version of ICS BANKS
“ICSFS has been servicing the financial and banking industry for many decades and has witnessed the Islamic finance industry blossom in the past 20 years. Our ICS BANKS ISLAMIC software solution embraces Islamic business agility as a primary core driver of providing real value in this global competitive market.”


Wael Malkawi, Executive Director at ICS Financial Systems, spoke with IBS Intelligence about how technology has disrupted Islamic banks in recent years.

ICSFS invests in its software suites by utilising modern technology in launching new products, constructing a secured and agile integration, and keeping pace with new standards and regulations worldwide.

ICS Financial Systems (ICSFS) has been a supporting member of AAOIFI for almost 10 years, with its ICS BANKS ISLAMIC software suite, which is a modular fully integrated solution designed and developed following the principles of Shari’ah in compliance with the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).

The MCF’s management were very impressed with ICS BANKS’ innovative products and features that will nurture their own products and services.

The Key to Working with Disruption

ICS Financial Systems’ Executive Director Wael Malkawi speaks to Financial IT on digital banking in their Special Sibos 2019 edition.