Lauded for outstanding contributions to the global Islamic finance sector

Islamic banking software specialist Path Solutions, was awarded ‘Best Islamic Banking Technology Provider’ for the second year in a row at the Global Banking & Finance Review Awards 2014.

The Global Banking & Finance Review Awards recognise excellence within the global financial community. They have been designed to reflect the innovation, achievement, strategy and progressive changes taking place within the financial sector.

The award, which is the latest in a long string of accolades given to Path Solutions over the past few months, was based on the company’s commitment and dedication to delivering world-leading Islamic software solutions with outstanding value to its clients.

“Every year we see an increase in the number of submissions as well as improvement in terms of quality of the submissions”, said Varun Sash, CEO & Publisher of Global Banking & Finance Review and a member of the judging panel. “The category for ‘Best Islamic Banking Technology Provider’ witnessed a high number of submissions which highlights the increasing demand for technological innovations in the Islamic financial services industry. Path Solutions consistently demonstrated a commitment to quality and innovation and according to judges is believed to be the absolute best software vendor across the Islamic finance sector”.

For over two decades, Path Solutions has been at the heart of the Islamic financial software industry, offering a broad, deep spectrum of Sharia-compliant integrated solutions and services that cover Core Banking, Customer Service Management, Investment Banking, Risk Management, Treasury and Trading in GCC and Global Capital Markets.

Commenting on this recognition, Mohammed Kateeb, Path Solutions’ Group Chairman & CEO said, “We want to thank our clients who continue to inspire us to develop the highest quality of Sharia-compliant solutions and services, hence constantly striving to exceed their expectations. Path Solutions’ track record of success is due in large part to them. We’re looking forward to building on this success with more incredible innovations planned for the coming months”.

About Path Solutions

Kuwait-based Path Solutions is a multi-award winning Islamic banking software house specialized in the provision of integrated solutions and services to the Islamic financial marketplace.

Path Solutions’ iMAL provides a complete suite of Islamic banking applications with a rich sweep of functionality and features, addressing Sharia compliance, local and regulatory requirements. The system is built on JEE platform and is SOA compliant. iMAL runs as web application and can be deployed in multi-tier setup environment.

Path Solutions is present in 33 countries, three continents, and has a client base of over 100 clients that are forward-thinking Islamic banks, Islamic financial institutions or Islamic subsidiaries.

Find out more about Path Solutions here www.path-solutions.com

About Global Banking & Finance Review

Global Banking & Finance Review is an online portal, which has evolved from the growing need to have a more balanced view for informative and independent news within the financial community.

With experienced industry journalists providing up to the minute coverage on Banking, Foreign Exchange, Brokerage, Funds, Islamic Finance, Project Finance, Wealth Management, Corporate Governance, Merger & Acquisitions, Tax and Accounting, Technology, CSR Activities and others all under one global umbrella, the Global Banking & Finance Review is read in over 200 different countries. Its readership includes Presidents, CEOs, CFOs and senior decision makers within Fortune 500 companies, major banks, financial institutions, central banks, and individuals interested in financial markets and news. Learn more about Global Banking & Finance Review http://www.globalbankingandfinance.com

About Global Banking & Finance Review Awards

Since its inception in 2011, The Global Banking & Finance Review Awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the Global Financial community. The awards were created to recognize companies of all sizes which are prominent in particular areas of expertise and excellence within the financial world.

The Awards have evolved and grown to include those in Banking, Foreign Exchange, Insurance, Hedge Funds, Pension Funds, Compliance & Advisory, Corporate Governance, Brokerage & Exchanges, Project Finance, Binary Options, Investment Management, Technology, Asset & Wealth Management, Islamic Finance, Exchange Traded Funds, Real Estate, Corporate Social Responsibility and other areas.

For more information on the awards, please visit https://www.globalbankingandfinance.com/global-banking-finance-review-awards/