Path Solutions retains top position as ‘Number One Best Selling Islamic Banking Software Provider Worldwide’ in IBS Annual Sales League Table 2015

12 May 2015

Path Solutions, the global Islamic banking software group, is pleased to announce that it has topped the IBS Islamic Sales League Table 2015 comprised of top technology providers to the Islamic financial services industry. 

Path retained its title of world’s Number One Best Selling Islamic Banking Software Provider for an impressive six years running. “We’re unbelievably proud to earn this ranking for the sixth year”, said Mohammed Kateeb, Group Chairman & CEO of Path Solutions. “This recognition has great significance to us as it is based on the number of clients who are using and benefiting from our Sharia-compliant banking solutions and services. Our objective is to deliver significant added-value to our clients by providing first-class Islamic banking systems supported by an unmatched client service at all levels. To retain the top position in IBS Islamic Sales League Table demonstrates that we are meeting these objectives and we intend to build on this success and maintain our position as Islamic banking software provider of choice to an ever expanding client base across the globe”.

With over 100 Islamic financial institutions across 34 different countries in four continents, and the highest number of new name wins in each of the past six years, Path Solutions’ user list is a showcase of leading Islamic banks using the company’s iMAL Enterprise Islamic Banking & Investment System to process Sharia-compliant banking transactions every day. iMAL is architected from the ground up around the Sharia guidelines and was designed to help clients adhere to Islamic law as well as to local regulations by embracing business change independently, while maximising efficiency and minimising costs. 

Path Solutions’ continued investment in innovation underscores its long-term promise and sharp focus on bringing effective Islamic banking software solutions to financial institutions to maintain that amazing track record.

The IBS Annual Sales League Table is universally acknowledged as the barometer for international core banking software market activity across the globe. The table is compiled each year from submissions of new name wins from each IT supplier, with the results for Islamic deals collated in IBS Islamic Sales League Table.

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