IslamicFinance.de

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, today announced a successful implementation of its awards winning software; ICS BANKS® ISLAMIC System, in Noor Al-Iraq Islamic Bank, an Iraqi based bank which was formerly known as Sama Baghdad Islamic Bank.
Noor Al-Iraq Islamic Bank has officially announced the successful go-live of ICS BANKS ISLAMIC System, in its Head Quarter and branches all over Iraq. The bank experienced a smooth implementation with a record breaking time of two months, where it adopted ICS BANKS ISLAMIC Core Banking, Credit Facilities & Risk Groups, Remittances, Murabaha, Musharaka, Istisna’a, Investment Accounts & Profit Distribution, Time Deposit, Trade Finance and part of ICS BANKS Delivery Channels (DC); ICS BANKS Internet Banking.