ITS upgrades Al-Jazeera Islamic Finance platform

Esam Alkheshnam

KUWAIT: International Turnkey Systems Group (ITS), the market leading provider for comprehensive Islamic financial solutions suite, has announced the successful replacement of Al-Jazeera Finance financial solution to its world-class range of Islamic ETHIX solutions suite. This latest project’s ‘Go Live’ marks a key milestone for ITS, with all finance companies in Qatar now operating on ETHIX Solutions.

Al-Jazeera Finance, an Islamic finance company which provides a comprehensive range of innovative and personalized sharia-compliant financing solutions, selected ITS to replace its legacy system with the ETHIX range of cutting-edge technology. The project, which was completed within recorded time, will add a whole new range of features that will further position Al-Jazeera Finance as a market leader.

Commenting on the announcement, ITS Chief Executive Officer, Esam Alkheshnam, said: “Al-Jazeera Finance (Tamweel) has now gone live with ITS’ new Islamic Finance Suite “ETHIX”. With the completion of this project, we have crossed a significant milestone with 100 per cent of finance companies in the State operating using ITS’ ETHIX solutions.”

Aamer Al-Jabri, Chief Executive Officer of Al Jazeera Finance (Tamweel) said: “Since our establishment in 1989, Al-Jazeera Finance have grown and developed to become a market leader in the provision of innovative and personalized Sharia-compliant financing and customer-oriented services. By upgrading our IT Solutions with the cutting-edge technology “ETHIX”, we can provide our customers with an even better financing experience and at the same time expand our business and services.”

ITS’ ETHIX product, which recently won the “Best Islamic Finance Technology Product 2017” at the prestigious Global Islamic Finance Awards ceremony held in Astana, Republic of Kazakhstan, continues to be widely adopted throughout the Middle East region, North African, and East Asian regions, as well as the Caribbean.

“ITS have a growing network of ETHIX clients which is testament to the outstanding design of the product range that helps banks grow and satisfy customers’ needs in the shortest possible time. ETHIX provides a comprehensive array of functions that are fully integrated and can effectively handle the strategic complexities and challenges faced by financial institutions across the world in a secure manner,” Alkheshnam added.

This article was published on 27/02/2018