June 25, 2006 - Under the theme: ”Working Together for Better Treasury”, leading Islamic banks Treasurers gathered in Lebanon on June 16 - 17, 2006 to attend their first Islamic Treasury Users Group ‘ITUG’ organized by Path Solutions. ITUG members addressed major current and future challenges faced by Islamic banks, supporting the growth and betterment of Islamic Banking and discussing the related impact on IT.
For Path Solutions, the first community of Islamic Treasurers was set-up. Treasurers of other Islamic banks world wide are welcomed to join and participate in its activities in defining the future direction of Islamic Treasury instruments.
Commenting on the event, Mr. Naji Moukadam, President of Path Solutions said: “Demand for Islamic banking has grown exponentially over the last decade. Path Solutions, as a recognized firm in the provision of true Islamic Banking solutions, is committed to support the evolvement of Islamic Banking and therefore is taking the lead working closely with major Islamic Banks partners to deliver unparalleled modern technology software services that are secure and adhering to Shariah and regulatory requirements”.
“Innovation comes from the core community of experts”, he added. “Our ongoing commitment to the industry has reached a new level with our decision to adopt an open and transparent approach in assisting banks in their Islamic Treasury operations”, Mr. Moukadam concluded.