ITS shares in Establishing the Next-Generation Technology to support Capturing Africa’s Opportunity.
Over the last decade, trade between African countries and the rest of the world has grown significantly; charting a 170% increase in trade with the GCC. Strengthening trade ties with the GCC, a growing Muslim population, the need to finance large-scale infrastructure and manufacturing projects, as well as a large unbanked population, all provide tremendous growth opportunities for Islamic finance in Africa.
As an industry leader of more than 30 years of experience and as a preferred technology partner of choice for many banks and organizations globally, ITS took part in Islamic banking Summit Africa 2012 as an Islamic Banking Technology Partner. ITS believes that it is part of its role as an industry leader to increase awareness about Islamic finance in the region, participate in bringing customers fast, accurate and convenient banking transactions, experience and services, and in synthesizing new products to meet the needs of financial institutions in the area of Islamic finance.