Benghazi, Libya – October 2025:

ITSS Global proudly announces the successful completion and go-live of the Temenos Transact R25 implementation project at Al Seraj Islamic Bank (مصرف السِّراج الإسلامي), marking a major milestone in Libya’s digital banking transformation journey.

Delivered in just over a month—from project initiation on September 1 to go-live on October 25, 2025—this accomplishment underscores ITSS’s proven expertise in fast-track, end-to-end core banking modernization. The new platform empowers Al Seraj Islamic Bank with flexibility, scalability, and full Sharia-compliant functionality, positioning it among the first banks in Libya to adopt Temenos Version 25.

“This project is more than a system implementation —it’s part of our vision to build a strong, modern, Sharia-driven bank that meets international standards,” said Foze Ghaith, CEO of Al Seraj Islamic Bank. “By implementing Temenos Version 25, we’ve joined a select group of banks using the most advanced platform, giving us the tools to innovate, grow, and deliver better services to our customers.”

The rapid and seamless delivery of the project highlights exceptional collaboration between Al Seraj’s internal teams and ITSS Global’s implementation experts.

“We went live within just six months, implementing all modules of the latest system,” shared the Ahmad Al Janjan, Project Manager, Al Seraj Islamic Bank. “Our teams worked day and night with true dedication, supported by ITSS Global’s professionalism and deep Temenos experience. Together, we achieved a smooth transition that enables faster product launches and enhanced customer service.”

ITSS Global recognized and celebrated its project team for their outstanding contribution to this success—an achievement that reinforces ITSS’s mission to deliver world-class digital banking solutions and transform financial services across regions.

“Our partnership with Al Seraj Islamic Bank reflects ITSS’s commitment to excellence, innovation, and collaboration,” said Patrick Jaccoud, CEO of ITSS Global. “We are proud to support Al Seraj in pioneering the future of Islamic banking in Libya.”

This implementation establishes Al Seraj Islamic Bank as a frontrunner in applying global best practices in both technology and operations, paving the way for a more inclusive, Sharia-compliant banking future.

About ITSS Global

Information Technology Solutions & Services (ITSS) is a global banking technology solutions provider specializing in Temenos implementations, digital transformation, and AI-native banking innovation. Headquartered in Geneva, ITSS has a strong presence across 22+ countries, enabling banks and financial institutions to modernize their core systems and deliver next-generation customer experiences.

About Al-Seraj Islamic Bank

Al-Seraj Islamic Bank is a Sharia-compliant Islamic bank established in Benghazi, Libya, with the goal of becoming a leading choice for Islamic banking in the country. The bank will offer ethical, interest-free financial solutions, including products like profit-sharing models