Gartner Research

Market Guide for Islamic Core Banking Systems


Banks aiming for growth in the Islamic banking sector need dedicated Islamic core banking systems with sharia-compliant capabilities. Vendor offerings have now matured to the point that they offer true differentiation via adaptation to the sharia board, business functions and Islamic localization.

Published: 08 July 2016

ID: G00292444

Analyst(s): Vittorio D'Orazio

Table Of Contents

Market Definition

Market Direction

Market Analysis

Representative Vendors

  • AutoSoft Dynamics: AutoIBANKER
  • BML Istisharat: ICBS Islamic
  • EdgeVerve Systems (an Infosys Company): Finacle Islamic Banking Solution
  • Enterprise: I-Bank
  • ICS Financial Systems: ICS Banks Islamic
  • Infopro: eICBA
  • InfrasoftTech: OMNIEnterprise Islamic Banking Solution
  • International Turnkey Systems (ITS): Ethix-Core
  • Intertech: inter-Vision
  • Leads: BankUltimus
  • Millennium Information Solution: Ababil
  • Misys: FusionBanking Equation Islamic
  • Oracle: Flexcube Islamic Banking
  • Path Solutions: iMAL
  • SAB: SAB AT Islamic Finance
  • Silverlake Axis: Symmetri Islamic Core Banking
  • Sopra Banking Software: Sopra Banking Amplitude for Islamic Banking
  • Tata Consultancy Services: TCS BaNCS
  • Temenos Group: Temenos IslamicSuite

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