ICSFS Named Best Islamic Banking Solutions Provider For The 4th Consecutive Year

Islamic Finance
14.08.2023 10:35 am

For the fourth consecutive year, ICS Financial Systems Ltd. has been recognized by World Finance as the Best Islamic Banking Solutions Provider. This prestigious accolade and the consistent recognition by World Finance Magazine is a testament to the company’s steadfast commitment to excellence. For over two decades, ICS BANKS® Islamic Banking Solution has been setting the industry standard with its comprehensive Sharia’ compliance, scalability, integration capabilities, and flexible deployment options. As the global Islamic banking sector continues to grow, ICSFS remains at the forefront, empowering financial institutions to thrive in a rapidly evolving landscape while ensuring the delivery of exceptional services.

In an era of rapidly evolving financial technology, ICSFS has emerged as a dominant player in the Islamic banking sector with its prominent Banking Platform, ICS BANKS® Islamic, which is built with an unwavering commitment to full Sharia’ compliance with special consideration to all the subtle complexities and different interpretations from one region to another, therefore making it easier for banks and financial institutions around the world to incorporate Islamic Financing into their existing business models or launch as full-fledged Islamic Financing Institutions with nearly effortless implementation.

Moreover, ICS BANKS® Islamic Open Banking Platform stands out for its remarkable scalability and seamless integration capabilities, as well as it’s adaptability to all new technologies that has recently emerged including Artificial Intelligence and Robotics, Blockchain and Instant payments, and Branchless Digital Banking (Islamic Neobanks), to name a few, giving it the ability to conform with the unique requirements of the bank or FIs, allowing them to connect with any third-party service and streamline their operations with maximum efficiency, While the solution’s flexible deployment choices allow it to make use of any existing tech infrastructure the bank already has on premises or on cloud, or a hybrid combination of both, therefore not only enhancing accessibility but also provides a future-proof solution that is resilient to the changing market dynamics.

"ICS Financial Systems Ltd has once again proven its excellence in the field of Islamic banking and finance software solutions, and WORLD FINANCE is thrilled to present them with the ‘2023 Best Islamic Banking & Finance Software Solutions’ award. With its decades of experience, cutting-edge technology, and a strong reputation for technical excellence, ICSFS has become a trusted partner for financial institutions worldwide. Their solid commitment to innovation, quality, and customer satisfaction has allowed them to provide exceptional Islamic banking and finance software solutions to clients across the globe. This award asserts ICSFS’s outstanding contributions to banking systems advancement and their dedication to continuously improving and meeting the evolving needs of their customers." - Mr. Mustapha Belkouche, Project Director & Investment Consultant - World Finance

From his side, Mr. Wael Malkawi; Executive Director of ICSFS said:

"We are truly honoured and immensely proud to have been bestowed with the prestigious award of ‘Best Islamic Banking Solutions Provider’ by World Finance Magazine for the fourth year in a row. At ICSFS, we have consistently endeavoured to redefine the landscape of Islamic banking, and this recognition reinforces our position as a global leader in providing state-of-the-art banking solutions that cater to the unique needs of our esteemed clients. This accolade is also a testament to the collective efforts and expertise of our exceptional team, who consistently go above and beyond to deliver outstanding solutions and services. Their unwavering dedication to our clients has played a pivotal role in our continued success, and our commitment to innovation, client satisfaction, and industry leadership remains resolute as we strive to raise the bar even higher in the years ahead." - Mr. Wael Malkawi, Executive Director- ICS Financial Systems Ltd.

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® 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® 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, hybrid, or cloud.