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Al-Rajhi Bank Jordan goes live on ICS BANKS Banking Solutions

By Gloria Methri

July 03, 2024

  • Al Rajhi Bank
  • Al-Rajhi Bank – Jordan
  • Digital Banking

ICS Financial Systems, ICSFS, ICS BANKS, Digital Banking, Islamic Banking, Jordan, FinTechAl-Rajhi Bank – Jordan has gone live on ICS BANKS® Universal Islamic and Digital Banking Solutions from ICS Financial Systems (ICSFS).

The implementation scrubs Al Rajhi Bank’s legacy system, migrating to ICS BANKS® full-fledged Universal Islamic Banking Solution and Digital Banking Solutions. The move enables Al Rajhi to deliver a broader scope of services and products to its customers. It provides them with direct access to banking services anytime, anywhere through ICS BANKS® digital touchpoints.

Al Rajhi Bank—Jordan customers will experience an improved digital banking experience and a shift in Shari’a-compliant financial products and services such as Ijara and Murabaha, in addition to Joint Investment Accounts, Time Deposits, Istisna’a and Parallel Istisn’a, Islamic Treasury System, and Islamic-Investment Certificate of Deposit.

Eyad Jarrar, CEO of Al Rajhi Bank – Jordan, said, “We are thrilled to navigate the financial services market with our new fully digital Shari’a-compliant Islamic Banking and Digital Banking Solutions. The new mobile app stands out for its significant benefits to our clients. It offers a more streamlined and user-friendly customer experience, making banking easier and more efficient. With the enhanced mobile app, our customers can access a wide range of diversified products and services effortlessly. This advancement opens a world of possibilities for us to serve our customers better and meet their evolving needs.

Robert Hazboun, Global CEO of ICSFS stated, “The seamless Big Bang Go-Live of ICS BANKS® Solutions at Al Rajhi Bank – Jordan is an important milestone for the bank and ICSFS as well, as it reasserts the Bank position in the local and global markets, while demonstrating our commitment to deliver innovative, expandable, stable, and cost-effective banking solutions to our clients from around the world. We look forward to the rest of our journey with Al Rajhi Bank – Jordan and offering them our full support on their journey to deliver excellent services consistently.”

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