iMAL selected ‘Best Sharia-Compliant Banking Solution’ at The Systems in the City Awards 2017

London - 26 July 2017

Path Solutions is the first-ever Arab company to win a Goodacre UK’s award 

Path Solutions, a leading provider of Islamic banking software solutions and services has received the ‘Best Sharia-Compliant Solution’ award at The Systems in the City Awards 2017.

After securing the GoodAccreditation standard from Goodacre UK - a leading specialist consultancy for the securities and financial services industry, Path Solutions won the highly coveted award for its innovative and comprehensive suite of end-to-end and next-generation software solutions that address the unique requirements of Islamic banking.

Path Solutions’ iMAL is truly the perfect match of open technology coupled with today’s Islamic banking know-how that provides uncompromising performance, flexibility and scalability, while the company’s services include application design, development, consulting, implementation, training, maintenance, support and business continuity management services.

The award was accepted by Hagop Derian, Senior Manager - Global Support and Manager - Path Solutions UK, at a special luncheon ceremony held at Merchant Taylors’ Hall in London, UK on 13th July 2017, and hosted by Jo Caulfield.

“We are proud to be associated with Goodacre to recognise innovation and uniqueness in the Islamic banking software industry”, commented Mohammed Kateeb, Group Chairman & Chief Executive Officer of Path Solutions. “This new award and accreditation from Goodacre UK is a reflection of Path Solutions’ ongoing commitment to shaping the industry, and our focus and dedication to developing mission-critical software solutions and services. With over 25 years of experience implementing more than 120 projects worldwide, Path Solutions is uniquely positioned to provide high-value, client-driven and timely business solutions. We help our clients to generate more value through an innovative approach by delivering business capability with advanced technologies”, he said.

Once accreditation has been approved, references and feedback are then obtained for each nominated firm by their clients. Following an open voting process for The Systems in the City Awards, the shortlisted nominees are then assessed by an independent panel that meticulously checks data, client feedback and product references.

Stephen Pinner, Managing Director at Goodacre UK, said “Only the best providers of systems and services to the regulated financial community are presented with The Systems in the City Awards. Path Solutions is clearly a leader in its segment. Feedback from their clients as to their Islamic banking software suite was very good and we should give them credit in supporting a very important and growing sector of the economy. This award recognises their efforts, continuous innovation and their unique proposition”.

Path Solutions provides technological solutions and services tailored to meet business expectations. Leveraging its CMMI Level 3, ISO 9001 and ISO 27001-2013 standard-compliant process framework, Path Solutions enables its clients to leverage IT investment and to effectively utilize its software suite as a capability builder. The company relies on its extensive domain expertise and technological strengths to deliver business capabilities that help to add value, optimize cost, and accelerate time to market.

The list of winners of The Systems in the City Awards 2017 is available here:


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