GoDubai
  
  
  
  
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

 
  Share

September, 2017

Dubai, UAE: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that AL-Thiqa Islamic Bank a newly established bank in Iraq, has selected the multi-awards winning system ICS BANKS® ISLAMIC System.

AL-Thiqa Islamic Bank is a newly registered Iraqi bank that will be offering banking and financial services in Iraq.  It will be implementing ICSFS' universal Islamic flagship, ICS BANKS ISLAMIC Core Banking, Murabaha, Musharaka, Ijara,  Mudaraba, Al Qard  Al Hasan, Time Deposit, Profit Distribution Trade Finance Module, Credit Facilities & Risk Groups, Remittances.

The signing ceremony took place at ICSFS' regional office in Amman, Jordan. Attending the ceremony were 

the Executive Representative of AL-Thiqa Islamic Bank; Mr. Muamer Al-Fakhry and the Executive Director of Business Development at ICSFS; Mr. Wael Malkawi. 

Following the signing ceremony, the Executive Representative of AL-Thiqa Islamic Bank; Mr. Muamer Al-Fakhry commented:

“We are delighted that we have become part of ICSFS expanding growing customers in Iraq, our target is to provide different banking services that are designed and developed following the principles of Shari'a. We chose ICS BANKS ISLAMIC from ICS Financial Systems for its wide experience specially in the Iraq's banking and financial sector, we believe ICS BANKS ISLAMIC will increase the efficiency of our various financial operations, and assist us deliver the bespoke products and services”.

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

“ICS BANKS was chosen for its well-known reputation in the world and Iraq, we are very proud of our huge flourishing steps in the Iraqi market, we look forward to a long-lasting partnership with Al-Thiqa Bank where it will receive a wide range of professional services to automate its banking service.” Malkawi added “we are delighted to achieve a successful industry-leading solution execution in Iraq, and are committed to provide our superior products and services to deliver the best services to Al Thiqa Bank.” 

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 6570 times
Posted on : Monday, September 18, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Swych Closes Series a Funding Round with Lead Investment from UAE Exchange Group
Next Story : NBK Capital Partners Closes NBK Capital Partners Mezzanine Fund II with $160 Million in Capital Comm...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
COLAB - Dry Shampoo
ORANGE & BERGAMOT Awaken the Cult Icon New Additions
FOREO delivers the ultimate festival survival kit for a glow-on-the-go.
The Perfect Gift Mark
Palladio Beauty - a Professional Line of Botanical & Vitamin-Infused Cosmetics
New XE 300 Sport Edition Wins Gripping Ice Race
Filorga Mesotherapist Derma Roller
Get Vibrant and lively hair with Rahua's new Color Full Range
Spring/Summer 18 Collection
OPPO unleashes the new Selfie Expert F7 with a 25 MP AI powered selfie camera
Enhance skin radiance, smoothness and brightness in just 14 days, with the new J...
Samsung launches Exciting Smartphone Trade-In Program with Galaxy S9 or S9+
Pinky Goat Launches BROWME
du to Offer New 9.7-inch iPad With Apple Pencil Support
Skyline University College Economics Day 2018: One Step towards Tomorrow
Dubai-based Al Kasir Group launches three Crypto assets backed by diamonds
New Blow Out Bar and Make-Up Studio SWISH by Immaclife Opens in Abu Dhabi in Apr...
Pandora Shine Discover A New Way to Shine
Stylish Nursing wear at Mums and Bumps
Penny Scallan Design Launches in the Middle East
Dubai Sports Council Pavilion a big hit at Bangkok SportAccord
Rolling Cones, a new luxury ice cream concept, launches at the Hyatt Regency Dub...
The new BMW M2 Competition
Roger Dubuis Excalibur Aventador S Verde Mantis
MINI at Auto China Beijing 2018
Gifts for Ramadan at Hour Choice
Mumzworld Announce Recruitment Drive To Empower Women in the Middle East
Abu Dhabi Ship Building Company Launches Two 64-Meter Landing Ships for the Kuwa...
Big Time with Graham Chronofighter Grand Vintage
Exclusive, Limited‐Edition, Swiss‐Made Cryptocurrency Watches
Toshiba Releases New, Powerful Surveillance and Video Streaming Internal Consume...
Sheikh Sultan bin Ahmed Al Qasimi Leads Sharjah Contingent to Kuwait Arab Media Forum
Etihad Aviation Group Launches Four Initiatives To Commemorate The Year Of Zayed
Mido Ramadan Watch Collection
Pandora Spring Embrace Nature's Beauty
The Beautiful Britain 2018
Understanding what women want Balmain reveals the Madrigal Mini II
SUC Organized 10-Day Free IELTS Workshop for School Teachers and Students
Adamavi - Elegant, Timeles S, and Reliable
Genesis G70 Luxury Sedan Arrives in Middle East
Samsung Launches New Washing Machine with Groundbreaking QuickDrive™ Technology ...
Airport Show Attracts Influential Aviation Leaders for Global Airport Leaders Fo...
Huawei Brings the Most Coveted Smartphone - HUAWEI P20 Pro to the UAE
Healthy Hair with HASK
A Face Transplant Operation is a Demonstration of Advanced Surgery and High Tech...
April Marks Autism Awareness Month at Nursery Chain
More Reasons to Head to the Ikea Store!
Tommy Fleetwood joins OMEGA's line-up of golfing greats
Mido Multifort Datometer Limited Edition - A piece of history on your wrist
GROHE DESIGN Presents the New ATRIO Experience Cube at Fuorisalone in Milan