Islamic Banking systems software and solutions

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30

Oct 2018

New Signing Deal - ITS with Sohibkorbank

​ITS WINS DEAL TO PROVIDE TECHNOLOGY FOR FIRST ISLAMIC BANK IN TAJIKISTAN

Alkheshnam: “ITS’s appointment by Sohibkorbank underscores our reputation as an established and trusted global technology partner who consistently delivers effective and efficient Islamic financial solutions. “

International Turnkey Systems Group (ITS), an industry leader in the provision of innovative information technology solutions and services, announced that it has signed a groundbreaking deal with Sohibkorbank, the first Islamic bank in Tajikistan, to deliver a full Core Islamic banking and digital banking solution.

​ITS was awarded the deal, which will facilitate Sohibkorbank’s conversion into the first fully-fledged Islamic bank in the Republic of Tajikistan, amidst strong competition. The deal will see ITS implement an Islamic Banking Information System (lBlS) powered by the Company’s award winning ETHIX solution. The scope of work includes the implementation of a number of the ETHIX modules including ETHIX-Core, ETHIX-Branch, ETHIX-Finance, ETHIX-Net, ETHIX-Mobile, ETHIX-FATCA and ETHIX-360.

Commenting on the announcement, International Turnkey Systems (ITS) CEO, Mr. Esam Alkheshnam, said: ““I am pleased to join hands with Sohibkorbank to facilitate their conversion into a fully-fledged Islamic bank and to deliver the first Islamic banking system in the Country. This deal represents ITS’s successful exploration into Central Asia which is aligned with our strategic expansion plan. We are working to establish ourselves in the region as we continue to expand our brand’s geographical footprint and customer network.”

CEO of Sohibkorbank, Mr. Sherali Zardov, said: “We are excited to partner with ITS as we work to complete our transformation to become a leader in Islamic financing in Tajikistan. After a rigorous evaluation process, ITS was selected due to the fact that their ETHIX solution, as well as the high quality of technical support offered by ITS, met our needs. In addition, the ability of ITS to provide support in our local language further demonstrates ITS commitment.”

The ITS ETHIX Suite is designed to provide Islamic Banks and financial institutions with a competitive advantage by offering pioneering financial technologies that transform the customer experience.

About ITS
Established in 1981, ITS is a leading integrated information technology and services solutions provider and a market leader in providing comprehensive Islamic financial solutions. ITS targets a wide range of industry segments to offer world-class IT solutions and has a proven track record successfully implementing cutting-edge IT business solutions. ITS offers demonstrated technology competencies and high-end skill capabilities to meet the growing market needs in today’s technology driven financial environment.

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Related News

01

Mar 2018

Kuwait Finance House Goes Live with (ITS) ETHIX-Net

​Alkheshnam: “ETHIX-Net delivers a New Generation of Online Banking”​International Turnkey Systems Group (ITS), the market leading provider for comprehensive Islamic financial solutions suite, has announced the successful installation of its pioneering ETHIX-Net internet banking modules for Kuwait Finance House, Bahrain (KFHB), further enhancing the Bank’s ETHIX Islamic finance platform.​​

06

Dec 2017

Our CEO Esam Alkheshnam joins the WIBC

The World Islamic Banking Conference 2017 (WIBC) brought together leaders from the fields of Islamic Banking, Financial institutions, and Information technology industry to discuss the topic of “Digital Banking- Harnessing Digital Technologies to Stay Competitive and Address Evolving Customer Preferences”. Esam Alkheshnam , Chief Executive Officer of International Turnkey Systems Group (ITS), recently joined the conference as a panelist to discuss the Islamic banking today challenges and the mechanism of the transformation to Digital Banking. 

20

Nov 2017

(ITS) Named Critics’ Choice Best Islamic Retail Banking

​ETHIX World-Class Product Range Wins Top Honors At 3rd Islamic Retail Banking Awards.Alkheshnam: “This accolade further underscores ETHIX as a world-class solution that continues to be adopted by financial institutions across the globe.” International Turnkey Systems (ITS), the market leading provider for comprehensive Islamic financial solutions, was named the winner of the Critics’ Choice Best Islamic Retail Banking Solutions Provider 2017 for its innovative ‘ETHIX’ product range at the 3rd Islamic Retail Banking Awards (IRBA). The award was presented during a prestigious ceremony held at the JW Marriott Marquis Hotel, Dubai, on 14, November 2017. Mr. Esam Alkheshnam, Chief Executive Officer of International Turnkey Systems Group received the award during the grand Gala Dinner which was attended by VVIPs, CEO’s from Islamic financial institutions from the GCC, the Far East, Africa and the Western hemisphere and members of the press.Winners of the Critics’ Choice Awards are selected by the Critic’s Choice Committee, which comprises leading Islamic banking experts from around the world.

27

Sep 2017

ITS- ETHIX WINS BEST ISLAMIC FINANCE TECHNOLOGY PRODUCT

​Alkheshnam: “It is an honour for ITS to win this highly acclaimed award and to be recognized again on the global stage for our flagship product range ETHIX”.International Turnkey Systems Group (ITS), the market leading provider of comprehensive Shariah-compliant financial solutions, was recently awarded the "Best Islamic Finance Technology Product 2017” for its innovative ‘ETHIX’ product range at the prestigious Global Islamic Finance Awards ceremony held in Astana, Republic of Kazakhstan.Commenting on the accolade, which was awarded at a ceremony attended by Senior Ministers, Central Bank Governors, and other VVIPs from across the globe, International Turnkey Systems (ITS) CEO, Mr. Esam Alkheshnam, said: “It is an honour for ITS to win this highly acclaimed award and to be recognized again on the global stage for our flagship product range ETHIX”. He added: “The Islamic Financial Services industry is growing at a fast pace, and the only way for banks and financial institutions to stay ahead of the competition is to continuously innovate and enhance their customers’ experience. ETHIX products are designed to provide clients with competitive advantage by offering the latest financial technologies to enhance their business and this award is a testimony to the continued success of ETHIX in delivering on that promise.”