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This agreement represents the new partnership between ITS and Faisal Islamic Bank, an institution that has a reputed history among its peers in Egypt, said Khalid Faraj Al Saeid, managing director and general manager of ITS Group. The partnership is the result of strong competition with global and regional leaders in the field. This is what makes it unique and confirms that ITS advanced services and products for Islamic banks are leaders in their field. The ETHIX technology solution is an innovative solution that provides banks and financial institutions with pre-defined models for Islamic finance or investment. Other solutions offered as part of the ETHIX technology suite include: ETHIX Core banking solution, ETHIX Branch, ETHIX Net, ETHIX-LC/LG, ETHIX-Fund, ETHIX-Portfolio, ETHIX Sukuk, ETHIX Retail Finance, ETHIX-Corporate Finance and ETHIX-Profit (Calculation & Distribution). With more than 35 years of experience, ITS responsibility is not only limited to technical solutions. The group considers itself the best strategic partner, standing by their clients from beginning to end, with a common interest in mutual cooperation. The Egyptian market is considered as one of the largest and most competitive markets in the region, added Samer Saber, director of banking from ITS.
-ENDSAbout ITS Group Founded in 1981, the ITS Group is a leading solution provider for both Islamic and conventional banks. ITS has been ranked as one of the top three companies worldwide that are considered T1 Islamic Solutions providers. The ITS ETHIX financial solutions are a certified Islamic Finance Module and comply with AAOIFI standards. ITS is also the only company globally to convert banks from conventional to Islamic systems, as noted in the Gartner Report of July 2010. For more information, please visit www.its.ws.