ITS Plays a Pivotal Role in the Formation of the Promising Islamic Finance Landscape in Egypt. The underdeveloped Islamic Finance sector in Egypt is becoming increasingly promising, especially after the Arab spring and the rise of a new political leadership in power. Recent financial reports issued by industry analysts confirm that Islamic finance assets contribute to around 8.6% of Egypt's US$193 billion banking industry.
As a Global pioneer in the arena of Islamic finance worldwide and as one of the industry leaders in the Middle East, ITS was keen to take part as a Technology Partner in the first conference held by the Egyptian Islamic Finance Association discussing the Islamic Finance Development Prospects in Egypt.
With 30 years of experience in the Islamic finance industry, ITS Group was a major contributor to the discussions held about the challenges facing the Islamic Finance industry, the role of innovation in synthesizing new products to meet the needs of the modern Muslim community, and the expansion of the industry within a legal framework that could attract investors and limit risks.