Summit Bank Selects ICSFS to Power its Islamic Digital Banking Infrastructure in Nigeria
ICS Financial Systems Ltd. (ICSFS), a global provider of next-generation universal banking software, has been selected by Summit Bank Limited, Nigeria’s newly established non-interest (Islamic) bank, as its core technology partner. The agreement marks a significant milestone in bringing advanced Sharia-compliant digital banking to the Nigerian financial sector.
Under this partnership, Summit Bank will implement the ICS BANKS® Islamic Banking and Digital Banking Solutions across its headquarters and six initial branches. The deployment aims to accelerate the bank’s mission to offer innovative, secure, and accessible Islamic financial services to underserved communities in Nigeria.
The ICS BANKS® suite will enable Summit Bank to deliver a wide range of non-interest financial products through an array of digital channels. These include SMS Banking, Internet and Mobile Banking for smartphones and tablets, and a comprehensive ERP suite. The platform also includes critical modules such as Credit Facilities and Risk Groups, MIS, Remittances, Trade Finance, Islamic Treasury, IFRS9 ECL, and e-KYC with 360º customer profiling, along with advanced risk rating and credit scoring tools.
Mr. Umar Ahmed, Chairman of Summit Bank, commented on the partnership:
“We are thrilled to begin this journey with ICSFS as our strategic technology partner. The decision was made after a thorough evaluation process, and we are confident that the ICS BANKS® platform will serve as a solid foundation for delivering secure, customer-focused Islamic banking. Their expertise and understanding of Sharia compliance will help us contribute meaningfully to Nigeria’s economy and drive financial inclusion.”
Dr. Mukhtar Adam, Chief Operating Officer of Summit Bank, emphasized the importance of technological reliability:
“Banking today is shaped by the quality of the digital experience. ICSFS has demonstrated exceptional transparency and technical expertise from day one. Their understanding of the Nigerian regulatory environment and ability to customize solutions to our specific needs gives us full confidence in this collaboration.”
Robert Hazboun, Managing Director of ICSFS, welcomed Summit Bank into the ICSFS client community:
“We are proud to support Summit Bank as it enters the Nigerian market with a modern, non-interest banking model. With our extensive experience in Nigeria and strong commitment to customer success, we are confident in our ability to deliver a seamless implementation and ongoing support. Our goal is to empower Summit Bank in its mission to provide best-in-class digital Islamic banking services.”
The signing ceremony took place at the ICSFS Centre of Excellence in Amman, Jordan, attended by senior executives from both organisations. From Summit Bank, Chairman Mr. Umar Ahmed and CEO Dr. Mukhtar Adam were joined by Business and Technical Advisors Mr. Meshack Ossai and Mr. Taiwo Akinde. ICSFS was represented by Global CEO Mr. Robert Hazboun, Executive Director Mr. Wael Malkawi, and other senior leaders.
ICSFS continues to invest heavily in its technology platforms, ensuring that its ICS BANKS® suite remains compliant with global standards, agile in integration, and scalable across deployment models—whether on-premises, hybrid, or cloud. Its modular architecture and cutting-edge features are designed to future-proof banking operations and enrich customer experiences while maintaining trust and confidentiality.
With this partnership, Summit Bank takes a significant leap toward redefining Islamic banking in Nigeria—powered by robust technology, guided by compliance, and built for the digital age.
