GIFA Recognizes ITS Achievements and Contributions in enabling Growth and Maturity of Islamic Banking through Technology.
International Turnkey Systems (ITS), the leading global technology provider for Islamic banking, was recently anointed with a new global achievement by winning the Best Islamic Technology Provider and the Best Islamic Technology Product awards by Global Islamic Finance Awards (GIFA). ITS received these awards in recognition of its ETHIX suite of financial solutions at the high-profile Global Islamic Finance Awards (GIFA) ceremony that was held during the Asian Finance Forum (AFF), 2012.
GIFA, is an awards ceremony for the Islamic banking and finance industry, celebrating progress and success of some of the most dynamic institutions and honoring and contributions of the different talented organization and individuals in enabling the growth and expansion of the Islamic banking industry worldwide.
GIFA awards committee comprising of leading practitioners and thinkers in Islamic finance chose ITS in this year’s awards ceremony in recognition of ITS’ continuous achievements and success and its positive and perpetual involvement in enabling Islamic banks and financial institutions from achieving their strategic goals of increased market share, enhanced profitability, lower operational cost and customer retention and loyalty through its ETHIX platform for Islamic Banking.
“We are delighted to present GIFA’s Best Islamic Technology Provider and Best Islamic Technology Product awards to ITS. ITS is present in the Islamic banking scene for a long time and continuously contributes with its extensive experience in this field to drive the industry forward and shares in shaping the regulatory and legal framework of Islamic banking. ITS also invests heavily in supporting its customers across the globe and in providing focused and professional services specifically tailored for the diverse needs of the Muslim population all around the world.”
Khalid Faraj Al-Saeid, Managing Director and General Manager of the ITS Group, received the two prestigious awards at the GIFA gala dinner. Commenting on the awards, Al-Saeid said: “Once again, ITS confirms its superiority by the testimony of others, through obtaining top global awards and is highly recognized by companies and institutions in Islamic Banking. This is testament to our Islamic Banking customers with whom we work quite closely to develop state-of-the-art technology solutions that we indeed provide a competitive edge in a highly volatile and dynamic market”
The ETHIX suite of financial solutions targets the Islamic banking sector with award-winning technology, and a proven track record. ETHIX has assisted many banks and financial institutions in minimizing their operational costs in response to increased consumer demand for Shariaa compliant products. The Solution offers a range of pre-defined business models, including Islamic finance and investment and trading and delivery channels.
ETHIX Islamic Banking solution offers multi-channeled corporate and retail products and services including core banking, trade finance, branch automation, online banking, dashboards and reports in addition to other products and services that represent an answer to the challenges encountered by the financial institutions anywhere in the world and can only serve to enhance their competitive edge.