Asia Alliance Bank selects ICS BANKS Islamic

Thursday 20 May 2021 10:30 CET | News

Asia Alliance Bank, an Uzbekistan-based bank, has selected ICS BANKS Islamic Banking software solutions from ICS Financial Systems (ICSFS).

With ICS BANKS Islamic Banking software suite, Asia Alliance Bank will start offering Islamic instruments of which: Islamic Core Banking, Murabaha, Ijarah, Mudaraba, Musharaka, Salam, Qard Hassan, Islamic Treasury and Investment, Trade Finance, Financing Facilities & Risk Groups, Istina’a and Parallel Istisna’a, Profit Distribution, and Time Deposit.

ICSFS invests in its software suites by using technology in launching new products, constructing a secured and agile integration, and keeping pace with new standards and regulations worldwide. ICS BANKS software suite future-proof banking activities by providing a range of features and capabilities to improve customers' journey experience.

In addition to its embedded Service-Oriented-Architecture (SOA), the system can be deployed on-premises or on the cloud.

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Keywords: banks, Islamic banking, partnership, cloud
Categories: Banking & Fintech
Countries: Uzbekistan
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Banking & Fintech

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