Al Sanam Islamic Bank, a newly-established Islamic bank in Iraq, has selected ICS BANKS Islamic Banking software solution from ICS Financial Systems (ICSFS) as it looks to launch Shariah compliant financing products supported by robust digital banking capabilities.
Among products planned include remittances, Murabahah, Mudarabah, Musharakah Ijarah, Istisnah, trade finance, time deposit and Qard Hassan among others.