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National Islamic Bank of Yemen chooses ‘ICS Banks Islamic’ solution from ICSFS January 2013

United Arab Emirates: Monday, June 03 - 2013 @ 11:27

NIBY chose ICS Banks Islamic for its highly flexible parameterisation, where ICS Banks Islamic meets all business and Shari’a requirements as it is designed with native product engines that can be configured to meet the different approaches of each bank’s Shari’a Board.

NIBY selected ICS Banks during the 3rd quarter of last year, the agreement was signed by Chairman of NIBY; Mr. Mohamed Abdulla Al-Amery and Executive Director for Business Development of ICSFS; Mr. Wael Malkawi.

Mr. Mohamed Abdulla Al-Amery, Chairman of NIBY; commented, “In a rapidly growing financial Islamic sector, systems’ providers differentiate themselves by providing new services and products to the market and having a competitive edge over competitors. Islamic products and innovations should fulfil the requirements for business growth; therefore we selected ICS BANKS® ISLAMIC to provide us with a very homogeneous and dynamic solution. ”

Mr. Wael Malkawi; Executive Director for Business Development of ICSFS said, “ICSFS continues to be very successful in the Banking sector with its solutions. Our implementation at NIBY is highly significant as it expands our share in the Islamic banking market in Yemen. NIBY joined our growing list of long-standing clients who have chosen ICS Banks ISLAMIC for its flexibility and comprehensive functionality to banking institutions of all sizes.”

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 a web thin client, J2EE environment.

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Monday, June 3- 2013 @ 11:27 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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