For more than a decade, Islamic finance has enjoyed a rapid rise in its use across the world. Sharia compliant methods of financing have traditionally been popular throughout Muslim-dominated regions, however more recently they are also being adopted in traditionally western-style financial institutions.
Many of the banks that are now starting to offer these types of finance have well-established technological processes that work in traditional forms of banking. Converting towards a sharia-compliant system is both arduous and complicated. There are a number of companies, however, that are leading the way in developing software for financial institutions that seamlessly provides an easy and customisable Islamic banking operation.
One such firm, International Turnkey Systems (ITS), has been operating in this sector for more than 30 years and has developed a reputation as a market leader for providing efficient, customisable and secure software to Islamic banking operators.