ITS is Driven to See its Clients Succeed at Islamic Finance the 8th African Islamic Finance Summit

  • Islamic Finance
  • 22.03.2022 10:00 am

ITS is driven to see its clients succeed in Islamic finance, increase their returns and optimize cost control.

With this in mind, ITS is delighted to exclusively sponsor the African Islamic Finance Summit on March 23, 2022, in The Gambia and to have the opportunity to meet many of its clients, partners, and potential customers.

In its 8th edition, this event will take place at The Sir Dawda Kairaba Jawara International Conference Center. Its purpose is to explore the market of Africa and adopt the latest trends, challenges, and opportunities in the Islamic finance industry. It will provide the global efforts and achievements in Islamic Banking and Takaful and an effective platform that will demonstrate the flexibility of Islamic financial markets during the current financial crisis.

Given ITS history and missions, and as a global transformation partner, the company is the natural fit to sponsor this event and is excited to take part this year as an exclusive sponsor.

Over the past 40 years, ITS has been designing, developing, and delivering financial institutions with the best services and solutions worldwide.

Adapting to the fast change in the digital world and customer behavior is not easy, therefore, financial institutions have to address the challenges by identifying appropriate solutions. To this end, ITS constantly looks forward to supporting the industry’s further digital transformation, elevating the Islamic banking and finance industry to thrive in the Global Digital Economy, with its leading financial product, ETHIX.

Considering regulations and requirements changes, ITS has invested in the design of ETHIX and made it very flexible to adapt easily and quickly to any change.

The current Coronavirus pandemic has had an impact on the global economy. Islamic Finance will help reduce the damage caused by the pandemic crisis and support the economic recovery after COVID-19 due to its financial instruments, such as Qardh-Al-Hasan, Zakat, Waqf, and Social Sukuk.

Islamic Fintech is the fundamental driver for the financial inclusion and digitizing of Islamic finance in the coming decade. In October 2019, 130 Islamic Fintech were across the world. The Global Islamic Fintech Report 2021, published in March 2021, revealed that with the growth of Islamic Fintech’s projects, the number will increase to 241 Islamic Fintech operating globally to hit $128 billion by 2025.

ITS is known for its contribution towards the development of Islamic banking by supporting many financial institutions, offering them the needed Islamic Business offerings in full Sharia compliance, and helping them in deploying ETHIX Islamic banking solutions. Due to the implementation of ITS products packages, BDL BANQUE has become the first governmental bank to offer Islamic products to customers.

ITS is recognized as the Best Islamic Finance Technology Provider and has been rewarded the most prestigious award for five consecutive years, GIFA.

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