Profit computation & distribution system to boost operational & growth capabilities, maintain industry leadership.
Al Hilal Bank has announced that it has successfully deployed the ETHIX-Profit Computation and Distribution (PCD) Islamic banking system from International Turnkey Systems (ITS Group), a leading integrated IT solutions and software services provider that specializes in Islamic banking systems. The move enhances Al Hilal Bank’s operational and growth capabilities and reinforces its status as an industry innovator and leader.
The Sharia-compliant ETHIX-PCD forms part of ITS Group’s comprehensive ETHIX technology suite of pre-defined solutions for Islamic finance and investment. The Al Hilal Bank implementation was completed in record time via ITS’ expertise as a key technology enabler and business partner for Islamic financial institutions worldwide.