Wins the industry’s top honour for excellence
Path Solutions, the global provider of Islamic core banking systems, was honoured with an ‘Award of Excellence for Best Islamic IT Solutions Provider’ at the recently held London Sukuk Summit 2015 Awards.
The award follows IBS announcement last month in which Path Solutions was named the ‘World’s Number One Best Selling Islamic Banking Software Provider’ for the sixth year in a row.
Mohammed Kateeb, Group Chairman & CEO of Path Solutions commented, “We are very proud and pleased to receive the ‘Best Islamic IT Solutions Provider’ award. It’s truly been a team effort to develop Path Solutions over the past 23 years as the industry’s most innovative Islamic banking technology provider, and to assume a leadership role in the Islamic financial services marketplace, and this is just the tip of the iceberg. We will continue to provide best-in-class Sharia-compliant software solutions in order to meet the evolving needs of our growing client base”.
Coupled with high parameterization capabilities, Path Solutions’ iMAL Islamic Banking & Investment System supports various Islamic instruments such as Murabaha, Musharaka, Mudaraba, Tawarruq, Istisnaa, Ijara and others. The system allows for rapid roll out of Sharia-compliant products while also addressing risk management and compliance under Sharia law across various geographies.
The 9th Annual London Sukuk Summit took place on 3 & 4 June at the Jumeirah Carlton in London, UK. The London Sukuk Summit prides itself on being industry led and industry focused and over the years, the summit has established itself as the foremost gathering based on its ability to bring together the leading industry experts and institutions to explore key issues impacting the sector and its future development. On the evening of the first day of the summit, ICG-Events held the 2015 Sukuk Summit Awards Dinner Ceremony. The awards celebrate excellence and outstanding contributions to Islamic finance and in so doing honour the high-performance organisations over a twelve month period.