Financial Institutions face many challenges in converting to Islamic banking operations. A well-established independent Sharia’h board, staff reorientation and process reengineering are foremost among the many challenges faced by banks in this process.
Islamic banking may differ from conventional banking in many respects, but its technological requirements are no different. ITS enables business conversion from conventional to Islamic banking in the form of increasing market share, growth rate, the provision of superior service quality, a consistent and well-designed Islamic product, with a lower cost infrastructure and total cost of ownership.
ITS has a solid record in helping banks to convert to Islamic banking operations by providing technological solutions, reengineering processes and products, performing data transformation and staff reorientation in a timely manner.