Members News

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® at Finnovation Africa Convention which was held in Uganda at Sheraton Kampala Hotel on the 7th of April 2017.

The event was attended by more than 300 industry leaders representing over 100 international organizations. A powerful line-up of 36 international speakers and industry thought leaders & financial institutions with leading financial technology vendors from across the globe such as ICSFS discussed topics focused on the theme of: FinTech Impact for Africa – Financial Inclusion Through Innovation.

ICSFS’ Executive Director for Business Development Mr. Wael Malkawi said; “We believe that Africa is the new success story, as we witness its leading journey heading towards the top, ICSFS is very proud to be part of it, new opportunities are being revealed.” Malkawi added” the African market will enjoy our superior solutions and cutting edge products as we join Africa’s emerging & flourishing markets”

ICS BANKS® provides a complete suite of banking business modules with a rich sweep of functionality and features, addressing business needs and automating accounting processes, as needed, to improve a bank’s business performance. ICS BANKS® has always been a pioneer in utilizing 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 the latest oracle technology.

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.

For more information about ICS BANKS ISLAMIC, you may visit http://www.icsfs.com/en/products/islamic-banking

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, is proud to announce that its leader Mr. Robert Hazboun is recognized as one of the top 20 CEOs of the year 2017 by the CEO Insight Magazine.

The CEO Insight Global awards acknowledge best practice and innovation across the business community, the list reflects the best and the brightest pioneers in business today, they shine a spotlight on the people that lead the pack in terms of innovation. However, the best CEOs generally deliver strong performance over many years, and its list of top performers features the business leaders who have proved themselves over. the entire length of their tenure.

The publisher of CEO Insight Magazine, Mr. Jamie Harrison commented;

“Mr. Robert Hazboun has continuously demonstrated excellence over many years leading the global growth of ICS Financial Systems (ICSFS). His brand leadership, customer focus and corporate culture skill sets has advanced and accelerated the awareness of the ICSFS brand, the adoption of ICSFS solutions and the penetration of new products and new markets.”

Mr. Robert Hazboun, Managing Director of ICSFS, commented on this occasion:

“We are delighted to receive such an award, as we, at ICSFS have been considered as a global leader in embracing innovative technology, delivering superior services accompanied by strong performance.” Hazboun added; “I am proud of our achievements, where this award symbolises my contribution to ICSFS’ objective in offering bespoke state-of-art financial products and services.”

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

International Islamic bank (IIB) is a newly registered Iraqi bank that will be offering banking and financial services in Iraq.  IIB will be implementing ICSFS’ universal Islamic flagship, ICS BANKS ISLAMIC, and will be provided with its world-class fully integrated banking solutions that are designed and developed following the principles of Shari’a of which;  ICS BANKS ISLAMIC Core Banking,) Murabaha, Musharaka, Ijara, Istisnaa, Mudaraba, Salam, Qard Hasan, Time Deposit, Profit Distribution( Trade Finance, Credit Facilities & Risk Groups, Remittances, ICS BANKS Internet Banking and SMS Banking, and ICS BANKS ERP Suite; Fixed Assets, Accounts Payable, Procurement to drive automation and innovation within its various banking operations and business requirements.

The signing ceremony took place at ICSFS’ regional office in Amman, Jordan. Attending the ceremony were the Deputy CEO of International Islamic Bank; Mrs. Suha Al-Kifae, Deputy Chairman of Board of International Islamic Bank; Mr. Haider AL-Baghdadi and the Executive Director of Business Development at ICSFS; Mr. Wael Malkawi.

Following the signing ceremony, Deputy CEO of International Islamic Bank; Mrs. Suha Al-Kifae commented:

“As our business will be starting to grow domestically and internationally, we were look
ing for a powerful partner that is able to cover and understand all minor and major financial operations, to assist us in streamlining and delivering the bespoke products and services to the international and local market. That is why we have selected ICSFS to be our technology partner. On another hand, ICSFS is very well known for its wide expertise in the Iraqi financial banking sector, we are confident that we will be able to improve our operational efficiency, and provide the utmost products and services to our customers by banking on ICS BANKS ISLAMIC.”

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

“We are proud of our remarkable success in the Iraqi market, as we are expanding across the country and are receiving the highest-ranking figures amongst our peers.” Malkawi continued; “A wide bright future is set for ICSFS’ goals and targets in this market, as our banking solutions are being favored. We are glad that International Islamic Bank has joined us in our flourishing journey where the 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.