Manama and Kuwait City – 28 November 2013
ITS to showcase flagship Ethical Islamic Banking Solution to Increase Profitability and Performance.
The World Islamic Banking Conference (WIBC), taking place in Bahrain, is set to act as platform for driving change within the finance industry as leaders are poised to discuss ethical banking solutions and growing Islamic financial institutions.
Under the patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, and supported by the Central Bank of Bahrain (CBB), the event will be taking place at the Gulf Convention Centre, Gulf Hotel 3-5 December.
A pioneer in Islamic Finance solutions, International Turnkey Systems (ITS), an integrated IT solutions and software services provider, is one of the companies that will be leading discussions at the conference.
Haitham Abdou, Head of Global Financial Solutions at ITS Group will be taking part in a panel discussion on ‘Business and Operational Transformation:
Improving Performance and Profitability’, specifically focusing on technology implementation.
“Shari’a compliant Islamic banking around the world has witnessed a surge in recent years as the global economy continues in search of a financial system that promotes sustainable growth in the aftermath of the financial crisis. While this growth has developed a surge in innovation in the finance industry, the majority of technology and software solutions are still designed for conventional financial institutional structures,” said Haitham Abdou.
“ITS’s Shari’a compliant ETHIX platform can be seamlessly incorporated into an Islamic financial institution to enable the organization to compete more effectively against its’ conventional banking counterparts. In order for the Islamic finance industry to continue growing at this fast pace, institutions need to explore the ways in which they can integrate ethical Islamic solutions with their existing core banking software infrastructure.”
ITS’ flagship Islamic financial 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 one 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.
With 1,300 participants attending from over 50 countries, WIBC is the worlds’ most influential annual gathering of international Islamic finance leaders shaping the current dialogue between Islamic and conventional banking.