Path Solutions retains its crown as ‘Best Islamic Technology Provider’ worldwide

26 October 2015

Path Solutions, a global provider of Sharia-compliant software solutions and software-enabled services to the Islamic financial services industry, today announced that it was named ‘Best Islamic Technology Provider’ in Islamic Finance news Best Service Providers Poll 2015, as voted for by the publication readership of Islamic finance professionals.

In a strongly populated industry, for the eighth year in a row and nine times in total, Path Solutions won the ‘Best Islamic Technology Provider’ category in one of the most nail-biting and closely-fought categories of the contest. This category was extremely close, with 20% of the votes going to Path Solutions while joint runners-up 3i Infotech and Temenos both took 14%. 

Lauren McAughtry, Managing Editor, Islamic Finance news said, “I would like to congratulate all the winners for their sterling performance in a highly competitive playing field, and we thank all our readers who participated to make this one of the most prestigious, independent and highly-valued awards in the industry”. McAughtry added, “I am pleased to announce that Path Solutions has been voted winner of the category ‘Best Islamic Technology Provider’ and wish them continued success in the years to come”.

For over 23 years, Path Solutions has been recognized throughout the Islamic finance industry as a leading Islamic banking software provider, ensuring its modern Sharia-compliant technologies remain at the pinnacle of the Islamic core banking market. The company provides Islamic software solutions incorporating the entire spectrum of banking, from front-to-back office solutions, with electronic delivery channels and industry-standard integration tools, enabling its clients to optimize their operations and processes while remaining agile, flexible and responsive to business change. 

Commenting on the award, Mohammed Kateeb, Path Solutions’ Group Chairman & CEO said, “It’s particularly encouraging to receive this award for the eighth consecutive year. We want to thank all those who supported our nomination. Our success depends, in large part, upon our ability to identify key industry trends and to anticipate and respond in a timely manner to regulatory and market demands. Therefore, it is becoming increasingly important to accelerate innovation by developing and implementing leading-edge Sharia-compliant banking technologies that deliver more value to our clients”. 

Recognized as the industry’s leading poll, the IFN Service Providers Poll prides itself on being the only comprehensive and unbiased guide to the leading supporting providers of the Islamic financial services industry. 

The results of the 11th Annual IFN Service Providers Poll were revealed in Islamic Finance news weekly magazine Volume 12, Issue 41 and will feature again in IFN Awards Report 2016 scheduled to come out early next year. IFN award winners will receive their trophies at two consecutive Awards Ceremonies to be held in Kuala Lumpur on the 22nd of February and in Dubai on the 29th of February 2016.

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