Dubai - Misys Banking Systems is delighted to have received the "Sheikh Mohammed bin Rashid Al Maktoum Islamic Finance Award for Global Contribution to Islamic Finance in IT". The winners of the awards were unveiled at the 9th International Islamic Finance Forum gala dinner in Dubai on 20th March 2006.
Misys Banking Systems has been operating in the Middle East for over 20 years and now provides core banking systems for more than 70 banks in the region, including six dedicated Islamic Banks. It is through this valuable experience that Misys has been able to develop Misys Equation Islamic Banking, which has embedded fully Sharia-compliant Islamic functionality into Equation's internationally proven solution. This product and the associated Misys Islamic experts that assist with its implementation have been very successful in assisting banks to: set-up new Islamic Banks, convert conventional banks to Islamic Banking, and also to better automate already established Islamic banks. Among the most recent implementations are Islamic Bank of Britain (UK), Bosnia Bank International (Bosnia), and Lebanese Islamic Bank (Lebanon).
Roy Froud, General Manager, Misys Banking Systems Middle East & Africa, comments, "Demand for Islamic banking has grown exponentially over the last decade. We have been able to use our deep understanding of the issues and challenges of the Islamic Banking market in order to develop our solution - Misys Equation Islamic Banking. We would like to thank His Highness Sheikh Mohammed bin Rashid Al Maktoum for his support of the Islamic Finance industry. We would also like to thank our customers for their continuing support."
-Ends-
About Misys Banking SystemsMisys Banking Systems supplies over 1,200 customers in over 120 countries, among them 49 of the world's top 50 banks, with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,600 people around the world, over 70% of whom are outside of the United Kingdom, and sales, implementation and customer support teams in over 28 countries. Misys Banking Systems is part of Misys plc.
About Misys plc
Misys plc (FTSE: MSY), the global software company, is one of the world's largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries, combining technological expertise with in-depth understanding of customers' markets and operational needs. In banking Misys is a market leader with over 1,200 customers, including 49 of the world's top 50 banks. In healthcare Misys is also a market leader, serving more than 92,000 physicians in 18,000 practice locations, 1,250 hospitals and 600 home care providers. In UK general insurance Misys is the market leader in software solutions. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to about 7,800 financial advisers in the UK. Misys employs over 6,500 people who serve customers in more than 120 countries. For more information, visit www.misys.com
Misys. Making things that really matter, work better.
For further press information, please contact:
Suzan Muhanna
Misys Banking Systems
+971 4 314 8100
suzan.muhanna@misys.com
© Press Release 2006
