ITS celebrates three time triumph as Best Islamic Finance Technology Winner at World Islamic Retail Banking Conference 2013

Global Islamic Finance Awards recognized ITS’ contribution to Islamic finance through technology excellence.

ITS celebrates three time triumph as Best Islamic Finance Technology Winner at World Islamic Retail Banking Conference 2013

ITS celebrates three time triumph as Best Islamic Finance Technology Winner at World Islamic Retail Banking Conference 2013

Middle East: November 30th 2013 – International Turnkey Systems (ITS) has reinforced its credentials as the leading global provider of Islamic banking solutions after receiving the Best Islamic Finance Technology Award for the third consecutive year at the World Islamic Retail Banking Conference (WIRBC), held at the Shangri La Hotel, Dubai.

The first of their kind in the industry, the Global Islamic Finance Awards were developed to recognize and celebrate the success and contributions of individuals and institutions in the Islamic financial services industry.

ITS Global Financial Solutions (GFS) was honored with the award for its contribution to Islamic banking technology with the launch of its industry leading ETHIX suite of pre-defined finance solutions.

“This prestigious GIFA award is yet another affirmation of our commitment to the promotion of responsible Islamic banking and solidifies our position as an industry leader in providing Shari’a compliant customer centric financial solutions across the world,” said Tarek Khalifa, Area Manager, ITS Global Financial Solutions.

“ETHIX is the jewel in our crown; it has assisted many banks and financial institutions to minimize operational costs in responding to the increased demand of customer for both traditional and Islamic products and services. We will continue to work with our strategic partners and technology vendors to continue driving the future of Islamic Banking forward.”

ITS’ flagship ETHIX technology suite is widely recognized as the most comprehensive, flexible and scalable Islamic banking solution worldwide.

Described as a premier total banking solution catering to tier 1 banks, ETHIX was developed in accordance with Shari’a guidelines. It empowers Islamic banks to improve operational efficiency and reduce cost of ownership in specific areas of Islamic banking, while maximizing opportunities for growth.

About the 5th World Islamic Retail Banking Conference:

The 5th World Islamic Retail Banking Conference is the platform that brings together key policy makers, global Islamic retail bankers and business decision makers to put a spotlight on the challenges, innovations, latest developments and technological solutions essential for the further growth of the global Islamic Retail Banking sector. For more information, please visit:

About ITS- Global Financial Solutions:

ITS Global Financial Solutions (GFS), a part of the ITS Group, is a leader in Shari’a compliant financial solutions, offering financial institutions the business and technology expertise that enables customers to achieve their strategic business goals and achieve operational excellence.

With a track record of over 30 years’ industry knowledge and experience, the company has amassed an impressive customer portfolio and counts many of the leading regional and global Islamic financial institutions as its customers including Kuwait Finance House, Abu Dhabi Islamic Bank, Al Hilal Bank, National Bank of Egypt, Bahrain Islamic Bank, Ahli United Bank, Commercial Bank of Dubai, Faisal Bank, Zenith Bank and Alawwal Capital KSA.

At the core of ITS GFS’s value proposition is its ETHIX technology platform. The company’s ETHIX Shari’a compliant portfolio provides multi-channeled corporate and retail products and services in Islamic finance and investment including core banking, trade finance, branch automation, Sukuk management, online banking, dashboards and reports.

ITS has 1600 staff across the Middle East with a dedicated team focused on the research and development of the ETHIX portfolio.

For more information, please visit: .

© Press Release 2013

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