JEDDAH - Leading IT solutions provider International Turnkey Systems Group (ITS), winner of the Best IT Solutions Provider at the prestigious Islamic Finance Forum Awards, is gearing up for more business as the Islamic finance industry seeks greater integration with the global banking system.
The Saudi Arabian Monetary Agency (SAMA) said earlier that it believes that more funds will migrate into the Islamic banking system, and such growth is set to prompt banking and finance institutions to integrate into the global banking system.
Globally, banks and financial institutions have been developing Shariah-compliant products and services to soak up this increased demand, and Saudi Arabia will lead the way in setting standards and regulations for this growing industry.
“Developing Shariah-compliant platforms will require major adjustments to the current information technology infrastructure and systems to be able to truly be compliant with Shariah doctrines. The expertise we have accumulated over many years through our office in Saudi Arabia and other leading Islamic knowledge centers has enables us to develop a range of award-winning Shariah-compliant solutions to help in addressing these opportunities while seamlessly integrating with the global banking system,” said Khalid Faraj Al-Said, managing director and general manager, ITS.
Referring to the award conferred on ITS, Al-Said further said.
“This award is a further recognition of our passion for, belief in, and commitment to developing superior IT solutions that enable regional and global entities to deliver ethical financial services across a variety of platforms, including ethical (retail and corporate) finance, ethical investments, ethical delivery channels and other technical services,”
ITS is a highly regarded IT solutions provider in the banking and finance sector, providing world-class and state-of-the-art, end-to-end information technology solutions and services to local as well as regional and international banks and financial institutions. – SG