Gartner Research

Market Guide for Islamic Core Banking Systems

Published: 08 July 2016

ID: G00292444

Analyst(s): Vittorio D'Orazio

Summary

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.

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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