Al Kawthar Leasing Company opts for ICS Banks system
Jordan-based Al Kawthar Leasing Company, owned by Arab Jordan Investment Bank (AJIB), has selected the ICS Banks Finance Leasing Solution from regional banking tech vendor ICS Financial Systems (ICSFS).
The tech provider says Al Kawthar Leasing Company opted for ICS Banks “after carefully evaluating alternative systems” and deciding that it was “the most reliable, cutting-edge software solution” to underpin its operations, “covering the full leasing cycle”.
The financing firm’s parent, AJIB, is a long-standing user of the ICS Banks core banking system.
Al Kawthar Leasing Company provides financing for production lines, vehicles, various types of machinery and devices, medical and laboratory equipment and residential projects. It also offers Shariah-compliant leasing.
Haitham Thuwaib, Al Kawthar Leasing Company’s general manager, praises the “user-friendly and multilingual environment” of ICS Banks and the vendor’s “unmatched technical support” and “proven track record of swift and effective system implementation”.