Members News

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, has participated in the 17th Annual Shari’ah Conference of The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the leading  international not-for-profit organisation primarily responsible for development and issuance of standards for the global Islamic finance industry.

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) held the AAOIFI 17th annual Shari’ah conference on Sunday and Monday 02-03 Sha’ban 1440H, 07-08 April 2019 at the Gulf Hotel in the Kingdom of Bahrain. This influential event discussed an array of key and latest developments and issues across the Islamic financial industry with the participation of heads and members of Shari’ah boards, leaders of Islamic financial institutions and stakeholders from around the world as well as academicians, scholars and decision makers. ICS Financial Systems (ICSFS) Islamic team, who are certified Islamic bankers (CIB) and certified Islamic specialists in accounting (CISA), attended the conference which was one of the largest attended events for AAOIFI in the recent times.

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). ICS BANKS ISLAMIC consists of an Islamic core system, which provides all common operations between various banking activities, and a series of Islamic modules which cover the various different operational and business requirements of our specialised segments. ICS BANKS ISLAMIC can be offered as a complete stand-alone suite of Islamic Banking applications or as an Islamic Banking window, within the core system depending on the customer’s needs.

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 BANKS ISLAMIC software suites future-proof banking activities by providing a broad range of features and capabilities with more agility and flexibility, to enrich customers journey experience, hence improving the trust and confidentiality between the customer and the bank. 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 can be deployed on premises or in the cloud.

ESKADENIA Software, the leading Jordanian-based provider of software products & technologies, sponsors and participates in the 7^th International Aqaba Insurance Conference (AqabaConf 2019) organized by the Jordan Insurance Federation (JIF) and General Arab Insurance Federation (GAIF). The conference is held from the 15^th to the 17^th of April 2019 at the InterContinental Hotel, Aqaba, Jordan.

ESKADENIA Software is providing AqabaConf with ESKA^® Events, an event management system and mobile app. ESKA Events helps to keep attendees, sponsors, and partners up to date with the timeline and event details. This handy mobile app is available on iOS and Android phones, with full details of the conference’s agenda, speakers, location, venue map, and notifications.

Furthermore, ESKADENIA will be conducting a session  under the title “Promoting a Digital Insurance Industry,” to showcase its comprehensive insurance software products, consisting of ESKA Insures, a suite of General, Medical, Life, Credit, and Travel insurance management software. ESKA Insures also includes Bancassurance and Brokers Management Systems, along with its E-Insurance portals and mobile apps.

ESKADENIA also looks to showcase its advanced Financial, Human resources, Customer Relationship Management, Workflow, and Document Management Systems through demo sessions, presentations and business meetings with a focus on internet and mobile technologies.

AqabaConf 2019 will be expanding its scope this year, covering areas beyond Marine insurance and Transportation. This biannual conference will address topics related to various insurance issues, including digital integration, risk and insurance, traditional vs. takaful (a co-operative system of reimbursement) insurance, natural catastrophic exposure, and the risk vs. capital debate.

The ESKADENIA team welcomes the nature of the conference and sees great developments within the insurance sector.

Orange Jordan recently announced opening registration for start-ups to participate in the third edition of the Orange Social Venture Prize (OSVP) 2019, starting from March until the end of May, targeting innovative projects that are designed by the youth, with solutions that respond to the needs of the local community in different sectors.

In a press release issued by Orange Jordan, the company said that: “Supporting and motivating the youth to demonstrate their best performance through such competitions, and directing projects that will benefit the local community, is considered to be one of Orange Jordan’s top priorities, seeking to support innovation and the local community, pointing out that the company pays ongoing attention to the youth segment in society, by shedding light on their innovative projects and providing them with training programs, financial support, and the required professional expertise, to enhance their confidence and help them in developing their ideas in the best way possible”.

The company also affirmed that the local version of this prize reflects Orange Jordan’s role as an international company with a local spirit, as the company implemented Orange Group’s commitment to supporting projects which have a positive impact on the local community in all the countries that it operates in, across the Middle East and Africa.

Orange Jordan formed a  jury consisting of experts in the entrepreneurial field consisting of: Chief Executive Officer of Abd Al Hamid Shoman Foundation, Valentina Kassisieh, Deputy Executive Director at The Jordanian Hashemite Fund for Human Development (JOHUD), Mohammad Al-Amoush, CEO at Information and Communications Technology Association – Jordan (Int@j), Eng. Nidal Bitar, Director of Strategy & Partnerships at Crown Prince Foundation, Mais AlDaoud, pioneer Fida Taher and PR, CSR, and Corporate Communication Director at Orange Jordan, Rana Al Dababneh. The jury will select three start-ups from the applicants, which will be announced in August. The first three winners will be awarded with three prizes: 4,000 JD, 3,000 JD, and 1,000 JD respectively and will have the opportunity to participate in the international version of the prize, with a first prize reaching 50,000 Euros.

Orange Jordan’s continuation of launching the local edition of this prize came after its success in exploring the youth talents and innovative projects in the two previous competitions, where the company proved its ability to sponsor these start-ups and effectively contribute to enhancing the socioeconomic development, while pushing digital transformation in the Kingdom.

Orange Jordan signed an agreement with the Abdali Medical Center (Abdali Clemenceau Hospital), which is expected to start operating in the second half of 2019 in Al-Abdali area. According to the agreement, Orange Jordan will provide the center with fixed and Information and Communications Technology (ICT) services, including: landlines, internet, electronic security, audio and video systems, wired and wireless networks, as well as data center services. The agreement was signed by CEO of Orange Jordan, Thierry Marigny, and CEO of Abdali Medical Center, Ahmad Abu Ghazaleh, in the attendance of Chief Enterprise Officer of the Business Unit, Eng. Sami Smeirat, Chief Operations Director, Edward Lutz, and Chief Security Officer, Paul Casterton in Abdali Medical Center.

On this occasion, Marigny said: “We are very pleased to partner with Abdali Medical Center, as it will become one of the largest and most important medical centers in the Middle East, providing exceptional medical services through the latest and state-of-the-art technology in this field. Through this partnership, we seek to offer the center an exceptional experience,through providing fixed telecommunications and ICT services, to enhance its daily operations. Through our partnership with Abdali Medical Center, we also seek to contribute to creating a positive transformation in the quality of medical services offered to citizens”.

From his side, Abu Ghazaleh said: “We seek to make this facility a medical tourism attraction in the region, by providing exceptional medical care services on a local, regional, and global level”.

He said: “Our partnership with Orange Jordan stems from our vision to provide the best medical services to our patients, as this partnership will support us in achieving our main goal of alleviating the level of outstanding medical services to reach the highest levels in the world, using the latest technologies in this field, noting that Orange Jordan has been able to provide the latest ICT information systems required by the center at the best price”. Abu Ghazaleh stressed that in order to complement the royal vision, our investment in this distinguished medical facility will create approximately 1,200 jobs, which will have a great positive impact on the socio-economic sector in our beloved Jordan”.

From his side, Eng. Smeirat said: “The trust given to us by the Abdali Medical Center management signifies our company’s leading position in the telecommunications and ICT sector, as we offer the best integrated telecommunications solutions to all organizations and companies from different sectors, stemming from our aim of creating a digital transformation in the region, through implementing the highest standards of network security and protection”.

It is worth noting that this agreement is part of a series of agreements between Orange Jordan and several institutions and hospitals in the health sector in the Kingdom, through which the company aims to contribute to the development of the local ICT sector in all areas, touching the daily lives of citizens.

Globitel, a leading provider of customer care and telecom solutions in the Middle East, announces the outstanding closure of the huge 4 day event in Barcelona; the Mobile World Congress 2019.

The Mobile World Congress (MWC) in Barcelona is a dazzlingly large event. Over 2,000 companies exhibited their products and services at the event. This year’s theme covers the technology associated with what’s smart in the market today.

As one of the exhibitors at the event, intelligent was the word echoing through the brightly-lit halls, men and women in flashy suits, posters and booths inviting visitors to approach and chat. For the 12^th year, we complemented the theme well with a completely revamped portfolio of our own.

We have highlighted our most high profile solutions this year, from customer care to telecom.

Customer care solutions feature solutions that address the customer experience at every single touch point in the customer service experience, from retail shops, to contact centers, to social media, and more.

Our roaming suite of solutions focuses on comprehensive analytics, providing an entirely new perspective into the roamer experience. Detecting silent roamers and stimulating usage, devising highly versatile ad campaigns, in addition to providing VIP roamers with an exceptional service represent a small part of the offered services, and much more.

Globitel’s mobile services stood out this year with a special emphasis on call and SMS control for subscribers. Operators can offer subscribers remote control for mobile phones, call completion services, location-based services, mobile lifestyle, and so much more.

Fadi Qutaishat, Globitel VP

“Speaking on behalf of the great team behind us who shined this year at the event, I can definitely say this year had all the elements of a bright future for Globitel. We walked the halls and represented our booth; we gave our own input and shared with attendees our expertise in what makes a contact center intelligent in terms of customer experience, big data, and more. We are looking forward to next year, as always!”

The People’s Bank of Zanzibar (PBZ), a state-owned and one of the oldest commercial banks in Tanzania, has successfully deployed and gone live on ICS BANKS ISLAMIC andICS BANKS universal software suites from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions.

The People’s Bank of Zanzibar (PBZ) is a fully-fledged commercial bank offering banking services in conventional and Islamic Banking for both, retail and corporate customers in Tanzania. PBZ was established in 1966 and is 100% owned by the Government of Zanzibar under the Ministry of Finance. ICSFS replaced PBZ’ legacy system and multiple disparate systems with its universal Islamic and conventional flagships and awards-winning banking and financial solutions ICS BANKS ISLAMIC and ICS BANKS universal software suites. PBZ will be working on ICS BANKS and ICS BANKS ISLAMIC software suites’ Core Banking, Credit Facilities & Risk Groups, Lending, Remittances, Trade Finance, Investment & Treasury, Murabaha, Istisna’a and Parallel Istisna’a, Musharaka, Ijara, Tawaruq, Mudaraba, Salam, Qard Hasan, Time Deposit, Profit Distribution, Investment Certificate of Deposit and part of ICS BANKS Digital Banking including ICS BANKS SMB (Smart Mobile Banking) and IBS (Internet Banking System).

On this occasion Managing Director of PBZ Bank; Mr. Juma Hafidh stated, “With over 20 years of experience in the banking industry, PBZ’s customers already perceive 50% of the market share in Zanzibar. Working with ICS Financial Systems and running their banking software solutions will help us provide our loyal customers innovative and high-quality financial services. We are looking forward to a bright future, utilising the market’s utmost specialised, end-to-end comprehensive suites of conventional and Islamic banking applications, shari’a compliant products and services.”

Managing Director of ICSFS; Mr. Robert Hazboun commented, “The People’s Bank of Zanzibar will now enjoy banking on our modern banking technology platform, ICS BANKS ISALMIC and ICS BANKS universal software suites, to empower its banking services with a broad range of features and capabilities with more agility and flexibility to enrich the bank’s customers journey experience, hence improving the trust and confidentiality between The People’s Bank of Zanzibar and its customers. With ICS BANKS’ strong infrastructure, The People’s Bank of Zanzibar will be able to leverage high flexibility in customising its favourite themes, launching new products with interactive advertisement on its delivery channels and touch points, bringing flexibility at its edge.”

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 BANKS ISLAMIC is a modular fully integrated solution designed and developed following the principles of Shari’a in compliance with the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). ICS BANKS Universal software suites future-proof banking activities by providing a broad range of features and capabilities with more agility and flexibility, to enrich customers journey experience, hence improving the trust and confidentiality between the customer and the bank. ICS BANKS software 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 can be deployed on premises or in the cloud.