Path Solutions Selected ‘Best Islamic Technology Provider’ for 5th Consecutive Year with Unprecedented Number of Votes

6 December 2012

Multi-award winning Islamic banking software provider, Path Solutions today announced that for the 5th consecutive year the readers of REDmoney’s Islamic Finance news voted the company ‘Best Islamic Technology Provider’ in the 2012 IFN Awards Best Service Providers Poll.

Path Solutions has surpassed the record set by Islamic Finance news in 2005 for the most votes ever received for an Islamic banking software firm, resulting in a record number of votes in the poll’s eight-year history.

“It is a tremendous honor to know that our commitment to shaping the dynamic scene of the Islamic finance sector by delivering cutting-edge Islamic banking software solutions is recognized through winning consecutive industry awards”, said Mohammed Kateeb, Path Solutions’ Group Chairman & CEO. “This recognition demonstrates Path Solutions’ ability to consistently meet the stringent business climate requirements. It also underscores Path Solutions’ leadership in developing and delivering innovative, high quality products with the highest standards of excellence for the Islamic financial services sector. We are so grateful for the trust placed in us by all the people in our community. We will continue to work very hard to uphold their trust and confidence for many more good years to come”, concluded Kateeb.

As it has in past years, Path Solutions clearly dominates the Islamic financial services arena garnering multiple awards and industry accolades. Being a leading technology provider and business partner for many prestigious Islamic financial institutions worldwide, Path Solutions has continuously contributed with its extensive experience in the field to drive the industry forward.

The Islamic Finance news Awards honors the best in the Islamic financial industry. It is one of the most prestigious awards and highly recognized by Islamic finance practitioners around the world. The poll, which ran throughout the month of November, was open to industry players across the globe.
Contestants in this category included 31 software vendors alike 3i Infotech, Temenos, Oracle FSS, Infrasoft Technologies, SunGard, Misys Banking Systems, Infosys Technologies, International Turnkey Systems, Delta Informatique, Microlink Solutions, Silverlake Axis, SAB and BML Istisharat.
According to Islamic Finance news latest issue dated December 5, 2012, Path Solutions has emerged as ‘Best Islamic Technology Provider’ in a hard fought battle, as IT becomes an increasingly essential aspect of the Islamic finance industry especially with the emergence of more fully-fledged financial institutions; creating a need for total Shariah compliant solutions.

More detailed and comprehensive results will be published in the IFN Annual Guide in February 2013, along with the winners of the Best Islamic Banks Poll.

Winners will receive the awards during two Gala Awards Ceremonies taking place in February 2013. The first will take place in Kuala Lumpur Malaysia, followed by Dubai, UAE.

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