ICS Financial Systems Successfully Participates at Sub-Saharan Africa Islamic Finance Convention

13 April, 2017 

Dubai UAE: ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions, showcased its multiple award winning Islamic banking software, ICS BANKS® ISLAMIC, at Sub‐Saharan Africa Islamic Finance Convention which was held in Uganda at the Sheraton Kampala Hotel on the 6th of April 2017.

The event was attended by more than 250 industry players representing over 75 international organizations. A powerful line-up of international speakers and industry thought leaders & financial institutions with leading financial technology vendors from across the globe such as ICSFS where they discussed topics focused on the theme of: Accelerating Financial Deepening & Inclusion, Bridging Funding Gaps & Mobilizing Investments for New Growth Opportunities.

ICSFS’ Executive Director for Business Development Mr. Wael Malkawi said;

“We are very proud to be part of this promising event, where we have a well-defined strategy to accelerate ICSFS growth opportunities in Africa, and we aim to strengthens our presence across its emerging market, by delivering our superior products and services”. Malkawi added “We have an optimistic bright vision for the African content where we look forward to boost our solution to join Africa’s flourishing transformational journey.”

ICS BANKS ISLAMIC has always been a pioneer in utilizing the latest technology to serve financial institutions. In addition to its embedded Service-Oriented-Architecture (SOA), ICS BANKS ISLAMIC is deployed in a multi-tiered setup that runs on the latest oracle technology. ICS BANKS ISLAMIC has won many awards, of which,  “Best Islamic Banking Technology Provider in MEA for 2017” from Global Banking and Finance Review, one of the worlds’ leading global banking and finance publication.

ICS BANKS ISLAMIC consists of Core Banking, Murabaha & Musawama, Ijara & Forward Ijara, Service Ijara, Operational Ijara, Istisna’a, Mudaraba, Musharaka, Salam, Qard Hasan, Unrestricted and Restricted Investment Accounts & Profit Distribution, Credit Facilities & Risk Groups, Remittances, Investment & Treasury, Trade Finance, ERP Suite including Fixed Assets, Inventory, Accounts Payable, Procurement and Human Resource Management System, delivery Channels such as Internet Banking, Mobile banking and ATM/POS & Kiosks.