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PrintIslamic Banking
A growth industry
Islamic banking is a growth industry, and not just in the Islamic business sector. Banks from all parts of the world, including Western brands like HSBC, Citigroup and UBS, are moving fast to secure a place in the market. The reason? There is money to be made in Islamic Banking. But therein also lies the challenge. For whilst the profit motive and market forces invigorate Islamic banking as much as any other business, Shariah law forbids certain financial practices that lie at the foundation of traditional commerce, notably lending money on interest. Banks looking to operate in such an environment therefore need partners with a thorough understanding of the sector and proven experience in it.
The Islamic Banking market is now estimated at more than $500bn and is due to will grow at between 10% and 15% annually up to 2010.
Not just a Middle-Eastern model
Although the Middle-East is still home to most of the world’s Islamic banks, a growing number of financial institutions operating in the marketplace are domiciled elsewhere. Local players such as Malaysia’s Bank Islam Malaysia and the United Kingdom’s Islamic Bank of Britain are being joined by Citibank, HSBC’s Amanah and UBS’ Noriba subsidiary.
Our Solutions
Support for Islamic banking principles is needed from software vendors to help banks turn opportunity into profit, and that’s why Misys has created specialist Islamic Banking and Finance solutions:
Retail banking
With over 25 years experience in Islamic markets and more than 80 customers in the Middle East, our Equation Islamic Banking and Finance solution helps retail banks to deliver robust and efficient products and services.
Corporate banking
For international banks, our core banking solution Midas provides the key capabilities required to handle Islamic investment instruments and liabilities, as well as profit distribution.
Treasury
Misys Opics Plus is the .NET service-oriented, Treasury & Capital Markets solution with unsurpassed STP and back office capabilities It is a comprehensive solution for front-to-back office, cross-asset processing of a wide range of financial instruments. In a single system, it handles vanilla and complex derivatives, fixed income, and equity and treasury trades.
To see how Misys solutions can add value to your company contact:
UK: +44 20 3320 5000
USA:+1 212 898 9500
Email: banking.marketing@misys.com
Customer Successes
Atlantis, The Palm, Dubai
Misys Middle East & African Conference 2012
Operational Excellence in Financial Services Exclusive Invitation to Leaders in the Financial Services Industry
Take complete charge of the future-Discover endless possibilities with us. This unique conference will help you stay up-to-date with the current trends and market developments from leading practitioners and industry experts.
Toronto Canada
Sibos 2011
Exhibition Stand – B117
Sibos is the largest annual industry event in the banking and financial industry calendar, bringing together organisations from every region and market. Organised by SWIFT, the conference delivers a unique forum to meet, discuss, learn and keep in touch with what is going on in the industry and collectively define future strategies. In this post credit crisis environment, it is vital that a firm responds to challenges and meets business objectives. Visit Misys at stand B117 and hear about the range of solutions designed to equip your organisation for the challenges ahead. You need a platform combined with market- leading technology that will support your continuing success - not just in today’s environment, but for the next decade and beyond. Click here to schedule a meeting with a Misys solutions expert
Dorint Convention Center, Berlin
European Customer Conference 2011
We are pleased to announce that Misys Sophis will be joining the Misys European Customer Conference for the first time in Berlin with a dedicated stream with breakouts for Misys Sophis VALUE and Misys Sophis RISQUE customers
This event is attended by almost 300 customers across both business units - Treasury & Capital Markets and Banking.
Click here for more information about the ECC11 or email the events team at berlin11@misys.com
30-31 May, 2011ADNEC, Abu Dhabi
MEFTEC is the world’s premier financial technology event for emerging markets like Middle East, South East Asia and Africa. With more than 800 industry leaders attending MEFTEC each year, MEFTEC provides a platform for IT decision-makers from the financial industry to connect with cutting-edge solution providers.
As a Gold sponsor of MEFTEC 2011, Misys will be showcasing its futuristic suite of solutions for banking, Islamic banking, treasury, and capital markets. Misys has been at the forefront of the financial solutions market for over 30 years - we have a proud history of innovation. To know more about Misys participation and our solutions offering in MEFTEC please click here.
Intercontinental Hotel-Doha,Qatar
Misys and IBM jointly bring you innovations in banking technology that simplify your processes
The rules of the banking industry are being re-defined and the focus is on being more agile and perceptible to change. Thriving in a highly competitive and globally-integrated market requires banks to be more agile and responsive to the needs of customers, shareholders and regulators in multiple geographies. The new age banking requires flexibility and the ability to respond quickly to change.
We invite you to the Misys and IBM banking conference an exclusive knowledge forum on the future of banking and insights on how to put your business on a high growth path. Just like the top 50 banks in the world have now discovered. Please click here for registrations
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