Path Solutions wins ‘Best Islamic Finance Technology Provider' at the 2014 International Finance Magazine Awards

17 November 2014

A record award-winning year for Path Solutions; This noteworthy haul comprises a number of consecutive wins, and has seen the Islamic IT firm achieve phenomenal success 

Path Solutions, a Kuwait-based IT company specializing in Sharia-compliant software solutions and services for the Islamic financial services industry, today announced it received the International Finance Magazine (IFM) Award for ‘Best Islamic Finance Technology Provider in 2014'. IFM, a financial magazine headquartered in London, honors organizations in niche segments that exhibit brilliance and add value to the international finance industry through their innovative contributions and initiatives.

Commenting, Sunil Bhat, Chairman International Finance Magazine said, “On behalf of IFM, I would like to congratulate Path Solutions on winning the IFM 2014 Award for ‘Best Islamic Finance Technology Provider’. Islamic finance is attracting a lot of interest around the world. This interest is riding on significant investments by Sharia-compliant funds outside the core area comprising the Middle East. As the rest of the world realises the benefits, it is obvious that Islamic finance will see significant growth in the years to come. We believe companies like Path Solutions will play a big role in enabling this growth through their unique software solutions”.

The award tops off a big year for Path Solutions, as the company launches a series of next-generation technologies and services to help Islamic financial institutions respond strategically to today’s business challenges and drive productivity improvements across front, middle and back offices.

“We are pleased to be recognized for the second consecutive year by such a well-respected publication as IFM, and equally proud to see our hard work, determination and focus pay off”, stated Mohammed Kateeb, Path Solutions’ Group Chairman & CEO. “Our solutions, supported by the construction of a next-generation platform, are structured around the needs of our clients’ businesses to enable them to compete efficiently and cost effectively in global markets. As we continue to offer our clients cutting-edge Islamic banking solutions and services, we are committed to constantly improve on our service delivery processes to them”, Kateeb confirmed.

Path Solutions is unique in its ability to combine industry knowledge, expertise and market-leading software solutions and services capabilities, to address the full spectrum of the global Islamic finance industry. Last month, Path Solutions also received the 2014 GIFA Award in the ‘Best Islamic Finance Technology Provider’ category.

The IFM Awards celebrate individuals and organizations in international finance that continue to raise the bar in the financial industry through notable achievements. The awards also shine the spotlight on organizations that exhibit brilliance in niche segments of the global finance industry and are based on a combination of reader nominations and expert analysis. The winners will be honored at a gala ceremony to be held in central London on 18 November 2014. 

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