{"id":548317,"date":"2023-07-03T08:40:32","date_gmt":"2023-07-03T07:40:32","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=548317"},"modified":"2023-07-03T08:40:32","modified_gmt":"2023-07-03T07:40:32","slug":"al-busairi-bank-goes-live-on-ics-banks-islamic-banking-software-solution-from-icsfs","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/al-busairi-bank-goes-live-on-ics-banks-islamic-banking-software-solution-from-icsfs\/","title":{"rendered":"Al-Busairi Bank goes live on ICS Banks Islamic Banking Software Solution from ICSFS"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-548318\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/ICSFS-150x150.jpg\" alt=\"ICSFS, Al-Busairi Bank \" width=\"175\" height=\"175\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/ICSFS-150x150.jpg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/ICSFS-100x100.jpg 100w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/ICSFS.jpg 200w\" sizes=\"auto, (max-width: 175px) 100vw, 175px\" \/>Al-Busairi Bank for Microfinance, a newly established bank in Yemen, has successfully gone live in record time on the fully-fledged Shari\u2019a compliant ICS BANKS\u00ae Islamic Banking software solution from ICS Financial Systems (<a href=\"https:\/\/www.icsfs.com\">ICSFS<\/a>), the global software and services provider for banks and financial institutions.<\/p>\n<p>Al-Busairi Bank for Microfinance was registered and granted all necessary licenses by the Central Bank of Yemen and will be delivering comprehensive Shari\u2019a-compliant microfinancing products and services to the Yemeni market, and will be implementing ICS BANKS\u00ae Islamic Core, Credit Facilities &amp; Risk Groups, Remittances, ICS BANKS\u00ae Digital, in addition to a wide range of Islamic banking products.<\/p>\n<p>\u201cHaving worked with ICSFS\u2019s team during the implementation phase, I\u2019ve grown more confident in my choice of their Innovative Banking Platforms, they demonstrated real knowledge and professionalism, and offered valuable insights along the way which enriched our staff\u2019s experience and command over their respective positions within the bank. The unified Financing solution delivered by ICS BANKS\u00ae has proven to have significant advantages with its easy-to-integrate modules and innovative features, which will be extremely helpful to our inauguration into the Yemeni market and quickly placing us amongst the market leaders,\u201d said <strong>Abdullah Mohammed Al-Busairi, Deputy Chairman of the Board at Al Busairi Microfinance Bank.<\/strong><\/p>\n<p>Al-Busairi Bank has set their sights to deliver various Shari\u2019a-compliant products that are supported with a wide range of digital touchpoints in pursuit of extending financial inclusion for Yemeni SMEs and individuals and making financing products more accessible to the Yemeni market. All of this is made possible via the ICS BANKS\u00ae comprehensive open banking platform.<\/p>\n<p>This implementation at Al-Busairi Bank, which was completed in a record time of 1 month, contributes to realising the bank&#8217;s vision to offer true success opportunities to their customers and get ahead much faster in the market.<\/p>\n<p>\u201cWe are proud of yet another successful go-live in Yemen, marking not only our growth as a financial systems developer, but more importantly another milestone towards a stable and thriving economy in Yemen where Microfinance inclusion is expanding exponentially thanks to patriotic establishment like Al-Busairi Bank. Once again, we confirm our commitment towards providing excellent support and cutting-edge financing technologies as a part of our role in the success of our partners. Our robust ICS BANKS\u00ae Islamic Banking Solution comes with a promise of providing a stable, expandable, and cost-effective system that is continually updated to ensure the utmost compliance with Islamic Shari\u2019a regulations locally and internationally,\u201d said <strong>Wael Malkawi, Executive Director of ICSFS.<\/strong><\/p>\n","protected":false},"author":16,"featured_media":548318,"parent":0,"template":"","categories":[11368,11374],"tags":[36669,36671,36672,21465,24916,21464,11461,12578,19907,36670],"class_list":["post-548317","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-core-banking","category-islamic-banking","tag-al-busairi-microfinance-bank","tag-al-busairi-bank","tag-credit-facilities","tag-ics-banks","tag-ics-financial-systems","tag-icsfs","tag-modernisation","tag-remittances","tag-shariah-complaint","tag-yemen"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Al-Busairi Bank goes live on ICS Banks Islamic Banking Software Solution from ICSFS<\/title>\n<meta name=\"description\" content=\"Al-Busairi Bank for Microfinance, a newly established bank in Yemen, has successfully gone-live in record time on the fully fledged Shari\u2019a...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/al-busairi-bank-goes-live-on-ics-banks-islamic-banking-software-solution-from-icsfs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al-Busairi Bank goes live on ICS Banks Islamic Banking Software Solution from ICSFS\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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