Misys Sees Growth in Islamic Banking's Global Market Drive Demand for Specialised Software Solutions

By Misys Plc, PRNE
Sunday, February 7, 2010

LONDON and DUBAI, UAE, February 8 - The rapid growth of the global Islamic banking market over the
last five years has boosted the demand for specialised Islamic banking and
finance software solutions, reports Misys plc (LSE: MSY), the global
application software and services company. With the influx of mainstream
banking institutions, particularly leading Western brands, into Islamic
banking throughout the world, the support from specialist solution vendors
has become a necessity to ensure a smooth transition to Shariah-based
banking.

"Banks embarking on Islamic banking operations in key markets
around the world are searching for partners with a thorough understanding of
the sector and a proven track record in delivery," states Samir Safa,
Business Development Manager, Islamic Banking at Misys. "Islamic banking has
opened new and exciting growth possibilities, but it remains a challenge for
banking institutions to work within the Shariah-based banking system and
adopt its distinct practices. The core banking technology used by financial
institutions that operate in this market is essential for meeting local
customers' needs, regulatory reporting, operational requirements and Shariah
boards' approvals."

Research from the analyst community estimates that the global
Islamic banking market is now worth over USD 500 billion, with growth
forecast of between 10 and 15 per cent during 2010. Samir Safa continues:
"Misys has provided specialised services and software solutions for over two
decades that have enabled banking institutions to maintain their competitive
edge in this burgeoning market. Although the Middle East has in the past been
the primary market for Islamic banking, we have been expanding our presence
in other regions as the market grows globally. The experience and knowledge
we have built from more than 25 years of delivering integrated, comprehensive
solutions to customers puts us at the forefront of the marketplace."

Misys provides its BankFusion Equation Islamic Banking and
Finance solution for retail and corporate banking clients that helps them
deliver robust and efficient products and services to their customers. The
solution supports a wide range of Islamic Finance products, including
Murabaha, Ijarah, Istisna, Musharaka and Al Tawarruq, together with fully
automated Islamic Profit calculation and distribution. BankFusion Equation
uses our revolutionary BankFusion platform to deliver re-usable components.
This brings customers state-of-the art technology and unique flexibility,
re-architecting Equation into a service-oriented environment.

Misys also offers a world-class Islamic treasury solution in
Misys Opics Plus, a service-oriented, treasury and capital markets solution
with unsurpassed STP and back-office capabilities. Misys Opics Plus is a
comprehensive solution for front-to-back office, cross-asset processing of a
wide range of financial instruments. The solution provides support for
Commodity Murabaha (including Contributor Trades), Reverse Murabaha, Wakala
Investment and Financing, Deposit Exchange, Sukuk, Al Tawarruq and FX spot.

The two systems are fully integrated for financial
institutions that require total Islamic coverage (including operational
window) to satisfy all the needs of their customers.

About Misys plc

Misys plc (LSE: MSY), provides integrated, comprehensive solutions
that deliver significant results to organisations in the financial services
and healthcare industries. We maximise value for our customers by combining
our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world's top 50 banks. In
healthcare, Misys plc owns a controlling stake in NASDAQ-listed
Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision
of healthcare technology, serving more than 150,000 physicians, 700 hospitals
and nearly 7,000 post-acute and homecare organisations. Misys employs around
6,000 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.

Misys: experience, solutions, results

Contact us today, visit: www.misys.com

    For further information please contact

    Edward Taylor
    Global Head of Public Relations
    Misys
    Solutions for Banking and Treasury & Capital Markets
    +44(0)20-3320-5530
    edward.taylor@misys.com

    Sebastian Mathews
    Financial Dynamics
    +44(0)207-269-7158
    sebastian.mathews@fd.com

For further information please contact: Edward Taylor, Global Head of Public Relations, Misys, Solutions for Banking and Treasury & Capital Markets, +44(0)20-3320-5530, edward.taylor at misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews at fd.com

YOUR VIEW POINT
NAME : (REQUIRED)
MAIL : (REQUIRED)
will not be displayed
WEBSITE : (OPTIONAL)
YOUR
COMMENT :