Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments


July 03, 2017

Dubai, UAE: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that Oromia International Bank (OIB) which is a massively growing  bank in Ethiopia, has selected the multi-awards winning system ICS BANKS ISLAMIC.

Oromia International Bank (OIB) will be implementing ICSFS' universal Islamic flagship, ICS BANKS ISLAMIC in its head quarter and its 200+ branches;  this mile stone project will  provide Oromia International Bank with world-class fully integrated banking solutions which are designed and developed following the principles of Shari'a of which; ICS BANKS ISLAMIC Core Banking, Murabaha, Musharaka, Ijara, Istisna'a Tawaruq, Mudaraba, Salam, Qard Hasan, Salam Islamic,  Deposit, Profit Distribution, Investment and Treasury, Trade Finance, Credit Facilities & Risk Groups, Remittances, Internet Banking, DMS, MIS, SMS, Mobile banking.

The signing ceremony took place in Ethiopia, attending the ceremony were the President of the bank; Mr. Abie Sano and the Executive Director of Business Development at ICSFS; Mr. Wael Malkawi.

Following the signing ceremony, The President of the bank; Mr. Abie Sano commented:

“At OIB we are committed to providing full-fledged Interest Free Banking (IFB) and best quality banking services, we have selected ICSFS for its cutting-edge solution, and outstanding products, ICSFS wide experience in the African financial market will assist us fulfil our constant desires to deliver superior services to our esteemed customers, and we will be able to improve our operational efficiency.”

On this occasion, the Executive Director of Business Development at ICSFS; Mr. Wael Malkawi commented:

“We are looking forward for this partnership, where Oromia International Bank will mark our first reference in Ethiopia and will join our expanding leading journey in the African continent, as our vision is reflected with new unleashed Opportunities and new defeated challenges.” Malkawi added “we are looking forward for a long-lasting partnership, where Oromia International Bank will definitely enjoy ICS BANKS ISLAMIC unlimited offerings and advantages.”

ICS BANKS ISLAMIC provides a complete suite of banking business modules with a rich sweep of functionalities 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 utilising 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.

Posted by : GoDubai Editorial Team
Viewed 10034 times
Posted on : Monday, July 3, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : PSA Group reinforces its Sales and Marketing Division in MEA region
Next Story : Black & Veatch Transforms Project Delivery for the Energy Industry
Email this article Print this article

Share this article with your friends and followers


Back to Top  
Most Viewed Press Release posted in the last 7 days
Bhima Jewellers Wows Women on International Women's Day
Foreo Declares 2018 the Year of Confidence
Built for the Way We Communicate Today: Samsung Galaxy S9 and S9+ Launches in the UAE
Filorga Launches Lift Range
The Ultimate Mother's Day Beauty and Wellness Gifts
The Sheet Mask Trend
Top Perfume Picks for Mother's Day @ Glambeaute.com
Rise and Shine with Sophie's
SMCCU opens its doors for SIKKA Art Fair
Nissan's e-POWER technology wins environmental award
Mother's Day Offer from Blush N Curls Salon
Max launches its Inaugural Abaya Collection
It's Mother's Day!
The Global Sensation UFO Lands in Europe at Cosmoprof 2018
Al-Futtaim Honda launches 10th generation Honda Accord
“The Night of Italian Design” at D3 Attracts Design Enthusiasts
LULU Organic Food Activation
Drink yourself to looking younger with Skinade
Iconic milkshake brand Keventers to open 30 outlets across the UAE in 2018
Discover the MISA Cho Gong Jin Oriental and Herbal Skincare Range from Missha
An Open Secret - The new Flying Regulator Open Gear provides deep insights
The V-Tox Facial by Linda Meredith Skincare
Corporate Power Dressing redefined at Kachins Signature
UAE Jiu-jitsu Federation® Conducted the Official Weigh-ins of Abu Dhabi Grand Sl...
Reading Champions Declared at 10th Emirates Airline Festival of Literature
Preps for the Fazza Championships for Shooting Saktoun Riffle begin on March 11
A Meet & Greet with the Pakistani Cricket Sensation Umar Akmal
Own your pores like a Bioré Princess!
The only line you'll love in your face – your perfect jawline!
Cadillac Alghanim kicks off world-class opportunity in Kuwait
OMEGA Launches its NATO Strap “Pop-Up Boutique” in Paris
GMC sets a new GUINNESS WORLD RECORDS title in partnership with Abu Dhabi Police
Milan-san Remo a Dream Target as Uae Team Emirates Announce Super-seven Line Up
The Dubai Mall unveils Fashion Avenue; the region's most prestigious luxury des...
ba&sh's Spring-Summer collection 2018
Awqaf and Minors Affairs Foundation Attracts 1200 Emirati Job Seekers at Careers...
Beyond Beauty partners with Platinum Records to position teen sensation Hala Al ...
The Spring Summer 18 Womenswear Collection
Raymond Weil introduces the Maestro Blues
Johnson's® Baby Launches Its First Semi-therapeutic Product Range
Elina Svitolina takes New York by storm and wins it all!
UAE's first ICU Symposium attracts over 150 of GCCs top healthcare professionals
Arabian Healthcare Group and Dignity Health USA team up to expand world-class cl...
GUESS Unveils the Kids Spring 2018 Collection and Campaign
Sanofi introduces innovative therapy to help address high unmet medical needs of...
Velvet Caviar meets Roger Dubuis Diva power
10th Emirates Airline Festival of Literature Ends with a Bang!
PCFC, GDRFA conclude Successful Marriage program ahead of 7th Mass Wedding