Orchestrating Islamic Banking on Colossal Digital Technology

ICS BANKS® Islamic Banking

When the new day

Bedazzled

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 its devotion to excellence, and customer enlightenment. In this path, ICS BANKS® Islamic Banking Solution is no exception, as it was built brick-by-brick on delivering real value to customers, hassle-free and satisfactory implementation and support, ongoing productivity with a wide range of functionalities and features. The main goal is to keep customers’ operational costs at the minimum, whilst maximizing revenue and growth.

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.

Paving an Epic Journey into Digitalisation

ICSFS is one of the first providers of Islamic banking software applications in the industry, with a customer-first approach and streamlined services of its epic best-of-breed technologies. Digital Transformation became a priority in ICSFS’ products and services with its crown jewel; ICS BANKS® Islamic Banking. After decades of evolution and innovation, ICS BANKS® Islamic Banking has become a technology frontier with true agility at it’s very core.

A Holistic,

Fully Shari'a-Compliant, Interest-Free Banking,

Covering various Islamic Ideologies

Key Features

ICS BANKS® Islamic software suite is designed to cover all Islamic banking requirements and cater to each bank’s shari’a regulations. Our customers are always ahead of their market competition by running ICS BANKS® Islamic’ agile software application, which embraces the following aspects:

Wide Range of
Digital Touchpoints

Dynamic
Product Building

High
Security & Scalability

Novel Solutions with
Everyday Innovation

Increase Customer Satisfaction & Loyalty

Customer
Service Excellency

Lower Total Cost
of Ownership (TCO)

Business Agility to Drive
Productivity & Efficiency

Real Financial
Inclusion

Open Banking
Open APIs Architecture

Unified Solutions with Smooth Processes Across Business Lines

Stop Revenue Leakage &
Increase Profitability

Concurrent Technological Advancements Deployment

Automated Processes & Robotics, Hence Time & Money Savings with High Accuracy

Know your Customer
(KYC)

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ICS BANKS®

Products

ICSFS uses innovative technologies at the core of all of its software solutions; developing first-class, dynamic, and future-proofed banking and financial products that could keep pace with latest market trends and direction.

Each ICS BANKS® Product is built from the ground up to be remarkably modular, secure, and agile, ensuring your business continuity and ability to expand vertically, horizontally, or both, without hassle.

Key Benefits

After decades of evolution and innovation, ICS BANKS® Islamic Banking has become a technology frontier with true agility at its very core. 

ICS BANKS® Islamic Banking Solutions offers many valuable features including:

Fully Shari’a-Compliant, Covering various intellectual Islamic Views in Different Regions and Continents

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

Wide range of parameters to build Islamic products

Blockchain technology and smart contracts to enhance productivity, accuracy and lower costs

Strong Business Process Management (BPM) and Document Management System(DMS) in its DNA

Cloud available to reduce infrastructure costs

 

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

Open APIs to connect to the outside world and support FinTech activities

Regtech solutions

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Alinma Bank opts for ICS BANKS® Islamic Microfinance Solution from ICSFS to launch their operation in Yemen

Alinma Bank opts for ICS BANKS® Islamic Microfinance Solution from ICSFS to launch their operation in Yemen

Alinma Bank for Islamic Microfinance – a privately owned Microfinance Bank recently established in Aden, Yemen, and one of the very first banks to obtain the necessary licensing from the Central Bank of Yemen to conduct Islamic Microfinance activities in the republic; has selected ICS BANKS® Islamic Solution from ICS Financial Systems – ICSFS, the global software and services provider for banks and financial institutions.

Hadhramout Commercial Bank Successful Go-Live on ICS BANKS® Universal, Digital, and Islamic Banking Software Solutions

Hadhramout Commercial Bank Successful Go-Live on ICS BANKS® Universal, Digital, and Islamic Banking Software Solutions

Hadhramout Commercial Bank (HCB) has successfully gone live on ICS BANKS® Awards-winning, Innovative Core banking, Digital Banking, and Islamic Banking solutions from ICS Financial Systems, (ICSFS), the global software and services provider for banks and financial institutions.

ICSFS is Awarded the Information Security Management System (ISMS) ISO/IEC 27001 Certification

ICSFS is Awarded the Information Security Management System (ISMS) ISO/IEC 27001 Certification

ICS Financial Systems Ltd, (ICSFS), the global software and services provider for banks and financial institutions, was awarded the Information Security Management System (ISMS) ISO/IEC 27001 Standard Certification for the Data Centre, IT Department, and ICS BANKS® Banking Software Solution Services in February of 2023 recognizing the company’s adherence to the highest standards of information security.

Hadhramout Commercial Bank Selects ICS BANKS® Universal from ICSFS to Launch their Operations in Yemen

Hadhramout Commercial Bank Selects ICS BANKS® Universal from ICSFS to Launch their Operations in Yemen

Hadhramout Commercial Bank (HCB), a newly-established bank in the Republic of Yemen, has selected ICS BANKS Universal Banking software solution from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.

Al Kawthar Leasing Company selects ICS BANKS® Islamic Finance Leasing Software from ICSFS

Al Kawthar Leasing Company selects ICS BANKS® Islamic Finance Leasing Software from ICSFS

After carefully evaluating alternative systems, Al Kawthar recognized ICS BANKS Finance Leasing to be the most reliable, cutting-edge software solution to deploy for their operation; based on its innovative and fully integrable technology covering the full leasing cycle

“TrustBank” PJSB Selects ICS BANKS Islamic Banking Software Suite from ICSFS

“TrustBank” PJSB Selects ICS BANKS Islamic Banking Software Suite from ICSFS

TrustBank PJSB, One of the Banking Industry leaders in Uzbekistan, has selected ICS BANKS Islamic Banking software suite from ICS Financial Systems – ICSFS, the global software and services provider for banks and financial institutions, to implement into their newly established Financial Institute: Trast Muamalat LLC.

ICSFS’ Group CEO & Managing Director,  Receives Lifetime Achievement in Financial Technology Innovation Awards

ICSFS’ Group CEO & Managing Director, Receives Lifetime Achievement in Financial Technology Innovation Awards

World Finance, awarded ICSFS’ Group CEO & Managing Director; Robert Hazboun, in its World Finance Summer 2022 edition, under the World Finance – Islamic Finance Awards 2022, for his Lifetime Achievement in Financial Technology Innovation.

Al-Ataa Islamic Bank Signs for ICS BANKS Islamic Platform

Al-Ataa Islamic Bank Signs for ICS BANKS Islamic Platform

Baghdad, Iraq:
Al-Ataa Islamic Bank for Investment and Finance; a newly-established bank in Iraq, has selected ICS BANKS Islamic Platform from ICSFS.

Al-Busiari Bank to Accelerate Financial Inclusion in Yemen by opting for ICS BANKS® Islamic Banking Solution from ICSFS

Al-Busiari Bank to Accelerate Financial Inclusion in Yemen by opting for ICS BANKS® Islamic Banking Solution from ICSFS

Al Busairi Bank for Microfinance, a newly established bank in Yemen, has selected ICS BANKS® Islamic Banking software solution from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.

World Finance names ICSFS as Best Islamic Banking & Finance Software Provider for the Third Year in a Row

World Finance names ICSFS as Best Islamic Banking & Finance Software Provider for the Third Year in a Row

London, United Kingdom:
World Finance magazine has confirmed ICSFS as Best Islamic Banking & Finance Software Provider as part of its 2022 Islamic Finance Awards.

Al Sanam Islamic Bank Selects ICS BANKS Islamic Banking Solution from ICSFS

Al Sanam Islamic Bank Selects ICS BANKS Islamic Banking Solution from ICSFS

Baghdad, Iraq:

Al Sanam Islamic bank, a newly-established Islamic bank in Iraq, has selected ICS BANKS Islamic Banking software solution from ICSFS.

ICSFS Showcased its Innovative Solutions at the 2022 ICS BANKS® User Group Summit in Iraq

ICSFS Showcased its Innovative Solutions at the 2022 ICS BANKS® User Group Summit in Iraq

Baghdad, Iraq: ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions, today announced the success of its Iraq User Group Summit: “Accelerating Digitalisation and Innovation in Iraq”. ICSFS showcased its holistic awards-winning banking software application; ICS BANKS.

The First Neo Financial Institution in KSA opts for ICS BANKS Digital Platform from ICSFS

The First Neo Financial Institution in KSA opts for ICS BANKS Digital Platform from ICSFS

Riyadh, KSA: The First Neo Financial Institution in KSA; Loan Financing Company (LFC), a newly-established microfinance company in the Kingdom of Saudi Arabia, has selected ICS BANKS Digital Platform from CSFS.