Oman First Islamic Finance & Banking Conference is to take place on the heels of the interest sparking u-turn in the Sultanate’s banking policies embodied in a decree authorizing the establishment of new Islamic banks, and offers first hand insight into the latest trends and dynamic changes in the Sultanate’s financial sector.
was until recently the only Gulf state that did not constitute of banks
offering Islamic products and services. However, the Central Bank of Oman, in
May 2011 announced it would allow conventional lenders to run sharia- compliant
operations in a bid to keep investment funds within the country.
Islamic banking, comprises of banking operations that exclude the use of the
interest rate “interest free banking” amongst other aspects, and is one of the
fastest growing segments of the international financial system, with an annual
growth rate exceeding 20 percent over the past decade. Islamic assets stood at
USD 1 trillion in 2010 and are expected to reach USD1.6 trillion in 2012.
Mr. Haitham Abdou, ITS Group Director of Marketing, discussed the application
of the technology for the Islamic financial Institutions through ETHIX
financial solutions. ITS has also demonstrated successfully the company’s range
of software solutions specifically catering to the ETHIX financial solutions.
ETHIX financial solutions are web services based solutions that offer services
and functions of Islamic finance, Islamic investment, core banking, delivery channels,
trade finance and other banking services, which in turn enhances the bank’s
ETHIX financial solutions allow financial organizations to reduce the
operational cost, reduce the operational risk and meets growing strategy by
gaining and retaining customers.
The Commercial Bank of Dubai (CBD), in collaboration with ITS , successfully concluded the upgrade of Phoenix Core Banking to the latest version “Ethix Core Banking” in record time.The upgrade on the system that was originally deployed in 2012 added a number of features that contribute to Expanding the banking capabilities during normal day operations and end of day operations. Those features included offering full fledge 24/7 banking operations across all branches and Head Office, in addition to Overall performance enhancement and new features supporting among others Digital Banking.
ABOUT MEFTECHMEFTECH is the premier international platform dedicated to innovation in financial services.MEFTECH is the largest and most prestigious event that convenes the entire financial technology community from across the Middle East and North Africa (MENA) region. Featuring industry-leading conferences, a tightly focused trade exhibition and much more, MEFTECH is the definitive platform where top decision-makers share insights with technology providers and collaborate to rethink financial services. Year after year, MEFTECH attracts the financial industry’s best and brightest minds, serving as a conduit for innovative ideas and thinking.
Mr./Chief Executive Officer of International Turnkey SystemsAttention/ Mr. Nasr Al-BikawyPeace be upon you;Thanks and Appreciation Industrial Development Bank presents the heartfelt felicitations on the occasion of Eid AL-Fitr to you and your respected corporate and wishes many happy returns of the day.Our Bank would like to thank your corporate represented in the implementation team for the exerted efforts in the first phase. We hope to keep the same spirit until we finalize the rest of the project implementation to the satisfaction of all parties.Kind Regards/Best Wishes Mosaeid Mohammed AhmedGeneral Manager
Mr. Muawiya Abu El Jubain Chief Operation officer - ITS ; speaking about the Hot Trends in the IT industry that will shape the near future of it. He will be covering Trends in Cloud Computing with all its aspects (IaaS, Paas and SaaS), the Future of the PC, the Internet of Things (IoT), Big Data and the Innovation Cycle and its effect on the IT Industry.Our COO Mr. Muawiya Abu Jubain discusses the type of relationship that connects the Employees with their Employer
From Here to There and major IT Trends that shaped the industry in general.
ITS Trends from a Personal Perspective. Our Unit Head of Banking for Product Quality - Amr Abdel Fattah discusses the Software Quality Assurance and it's Challenges. Introduction to Software Quality.Our Senior User Experience Designer - Ahmed Saber discusses how UXdesigning is affecting everyday choices in our life.
How UX Designing Affects Us.