ITS announced its sponsorship in the AAOIFI’s Annual Conference on Islamic Banking and Finance – Bahrain that held on 23 – 24 October, 2011.
ITS participated in the conference with ETHIX financial solutions. ETHIX financial solutions have assisted various banks and financial institutions to minimize their operational costs as responding to increased demands of customers for Islamic products and services.
ETHIX financial solutions are fully Shari’a compliant allowing financial institutes to create their own Shari’a compliant products, workflow, and processes. ETHIX is 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 competitive edge.
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is an Islamic international autonomous non-profit making corporate body that prepares accounting, auditing, governance and ethics and standards for Islamic financial institutions and Islamic financial industry in general.