Faisal Islamic Bank Selects ETHIX-Financial Solutions from ITS Group

For immediate release… For immediate release… Faisal Islamic Bank Selects ETHIX-Financial Solutions from ITS Group To fuel Faisal Islamic Bank’s expansion plans in Egypt; ETHIX-Financial Solutions was selected due to its full compliance with Sharia and... More

For immediate release… For immediate release… Faisal Islamic Bank Selects ETHIX-Financial Solutions from ITS Group To fuel Faisal Islamic Bank’s expansion plans in Egypt; ETHIX-Financial Solutions was selected due to its full compliance with Sharia and Central Bank of Egypt requirements Cairo - 16th April 2012: The largest and first bank of its kind in Egypt, Faisal Islamic Bank of Egypt, today signed a phased agreement with ITS (International Turnkey Systems) Group, a leading solutions provider for both Islamic and conventional banks, to deploy ETHIX-Financial Solutions, the leading banking technology solution from ITS. The solution is being deployed as part of Faisal Islamic Bank’s aggressive expansion plans in Egypt, a market that is set to witness exponential growth in the Islamic banking sector. “The deployment comes as a part of our expansion plan in Egypt which is a fertile ground for Islamic banking services. Being the largest and first Islamic bank in Egypt, we are taking a Less