ICSFS Successfully Showcases its ICS BANKS® ISLAMIC Solutions at Oman Islamic Economic Forum

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) January 5, 2012 -- Muscat, Oman - ICS Financial Systems Ltd. - ICSFS, a leading global provider of banking and financial services technology solutions, announced its successful participation in the two-day event, Oman Islamic Economic Forum (OIEF), which was held in Muscat, Oman from 17 - 18 December 2011, at the luxurious surroundings of Al Bustan Palace Ritz Carlton Hotel.

The forum has attracted and brought together a number of stakeholders – financial practitioners, academicians, business leaders, key decision makers, and Islamic finance experts from around the world to discuss critical issues in Islamic finance. The forum explored steps Oman needs to develop its Islamic finance capacity; and offered an agenda for the creation of a robust Islamic finance framework, which will contribute to the economic health of the Sultanate.




Managing Director of ICSFS; Mr. Robert Hazboun stated,

“The appetite for Islamic finance offering is growing, especially in the Omani market. Oman has the potential to become a centre of excellence in Islamic finance. From this prospective, we increased our interest in launching our products and services in this Market. ICSFS showcased its comprehensive Islamic Shari'a-compliant system ICS BANKS® ISLAMIC at the OIEF, which was a large assemblage of financial institutions and Banks from Oman and internationally.” Mr. Hazboun added, “We were overwhelmed by the remarkable demand and focus on our ICS BANKS® ISLAMIC software, as several Islamic banks have already showed interest in our distinguished solutions.”
ICSFS is committed to deliver an extraordinary value to the region through its banking applications that reduces operational expenses for clients and provides additional layers of security at all levels of a bank’s operations.

ICS BANKS® ISLAMIC provides a complete suite of Islamic banking business modules with a rich sweep of functionality and features, addressing business needs and automating accounting processes, as needed, to improve a bank’s business performance. ICS BANKS® ISLAMIC, which is a comprehensive Sharia-compliant application, has always been a pioneer in utilizing the latest technology to serve financial institutions. In addition to its embedded Service-Oriented-Architecture (SOA).



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About ICS Financial Systems Ltd. - (ICSFS): sister company of Computer and Communications Systems Ltd. - (CCS) and International Computer Systems (London) Ltd – (ICS-London) ,is a leading provider of modular, core banking systems. ICSFS’ success can be attributed to our turnkey offering, ICS BANKS® that serves and supports customers across the globe. ICS BANKS® is a fully integrated universal, banking application that deploys a solution and a range of professional services to automate and streamline banking services. www.icsfs.com

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