SETS Contributing to the Growth of the Islamic Finance Industry at the WIBC 2014 in Bahrain

SETS-Booth-WIBC-2014

SETS, the leading provider of Human Resource Management System (HRMS) in the Middle East, successfully participated as “HRMS Partner” at the 21st annual edition of the World Islamic Banking Conference (WIBC) 2014, that took place at the Gulf Hotel, in the Kingdom of Bahrain on December the 2nd and 3rd, 2014.

Organized under the patronage of HRH Prince Khalifa Bin Salman Al Khalifa and held with the official support of the Central Bank of Bahrain, the event was attended by over 1,300 industry leaders from over 50 countries representing over 300 international and regional organizations. The conference tackled critical issues that would enable Islamic finance to move forward in the global financial markets.

Through 24 years of experience in the HRMS industry and more than 1,000 references coming from leading companies in all types of industries, especially banks and financial institutions, SETS participated at the WIBC to showcase its flagship product “People 365” a comprehensive Human Resources Management System (HRMS) consisting of the Time Attendance, Payroll and HR modules.

Commenting on SETS participation, Maher Chahlawi, Chief Marketing Officer at SETS said: “We believe that the future of the Islamic banking industry is promising and this sector is robust. Reports shows that assets of Islamic banks is growing at an average rate of 20% per year, two to three times faster than the rate at which conventional banks is growing. Our mission towards the banking sector is to empower their Human Resource Departments (HRDs) through a fully integrated solution that can optimize and automate their HR operations and thus enable better strategic decision making. Having an extensive experience in the banking industry and over 50 references, SETS is dedicated to support Islamic banks as well as Islamic windows in conventional banks to manage their most important asset “Human Capital” in this rapid expanding market.”

SETS portfolio comprises successful implementations of its HRMS application “People 365” within financial institutions across the Middle East where support is provided directly through our regional offices.