Mobilink Microfinance Bank, which targets the mass market in Pakistan, has chosen to implement iMAL solution for Loan Originating System (LOS)

6 March 2017

Mobilink Microfinance Bank (“MMBL”), the 10th licensed microfinance bank in Pakistan, has chosen Path Solutions’ iMAL for its financial inclusion solution project for Loan Originating System (LOS). The iMAL solution will help MMBL extend its microfinance lending products in unbanked areas of Pakistan and adapt to changing customer needs for digital financial services.

The comprehensive capabilities of the iMAL solution, which will be integrated with the bank’s existing core banking system T24 from Temenos, will enable MMBL to grow its lending portfolio, to capture complete information covering both approved and non-approved cases, and to generate variety of reports for management / regulators. The new solution will also enable MMBL to offer finely-tailored short-term credit products to its existing and potential customers.

MMBL aims to reach out to the vast majority of people in Pakistan who remain financially excluded by leveraging latest technologies. The bank owns 51 business units at present and supports around 100,000 micro entrepreneurs and small farmers in improving their incomes. It conducts over 3 million transactions a month (covering both Branch and Branchless Banking) through a network of around 71,000 agents. MMBL also serves over 8 million mobile wallet holders and provides life and health insurance products to low-income customers.

“MMBL has been one of the early adopters of financial inclusion in Pakistan, and we are committed to ensure inclusive growth and sustainable development of our country”, commented Ghazanfar Siddique, Group Head IT & Operations at MMBL. “We have evaluated different local and international system vendors and selected iMAL solution which was meeting our requirements. This strategic decision was necessitated in order to enhance MMBL’s market position, strengthen its delivery channels and partner with a vendor capable of adequately supporting our operations. iMAL perfectly fits into the strategic requirements of MMBL, and Path has a very suitable framework for providing direct and adequate local support to our 51 branches throughout Pakistan”, he said.

Mohammed Kateeb, Group Chairman & CEO, Path Solutions commented, “Microfinance banks need a robust platform that will enable them to offer branchless banking to support their financial inclusion strategy and the fight against poverty. As part of this mission, the efficiency of operations and cost reduction for low-income customers requires the implementation of an adaptive solution. We are delighted to partner with MMBL to propel its growth in Pakistan. We are confident that iMAL is the solution that will enable them to achieve their objectives”.

Path Solutions, the global Islamic banking software company, was founded in 1992 in Kuwait. The company serves the Islamic financial services industry with cutting-edge software solutions, combining in-depth industry know-how with technological expertise.

According to IBS Intelligence, a universally acknowledged barometer for Islamic core banking systems sales activity, Path Solutions retains its position as First Islamic Core Banking System Provider Worldwide for the seventh year running. Forrester acknowledged that Path Solutions has a strong geographic focus on Africa and the Middle East with a global go-to-market approach, while Gartner has profiled Path Solutions in 2016 by being the only Sharia-compliant company with the largest Islamic CBS installation base, having delivered its solution across the largest number of countries, making it most adaptable to addressing country-specific compliance requirements.

Path Solutions is the winner of the ‘Technology Innovator Award 2016’ by Corporate Vision, and named ‘International Core Banking System Provider of the Year - Islamic Finance’ for the third consecutive year at the ACQ5 Global Awards 2016.

Path Solutions is a proven industry leader, a key technology enabler and a business partner for over 100 prestigious Islamic financial institutions worldwide. With 25 years of solid experience in Islamic financial technologies, Path Solutions is a major contributor to the development and growth of modern Islamic finance, by researching industry new trends and developing innovative solutions to meet the needs of a fast-growing community. For more information, visit

Mobilink Microfinance Bank Limited (“MMBL”), formerly known as Waseela Microfinance Bank Ltd, is the 10th licensed microfinance bank in Pakistan by State Bank of Pakistan under ‘Microfinance Institution Ordinance 2001’ and is 6th bank having nationwide operating mandate. The bank started its operations on May 2, 2012. Global Telecom Holding S.A.E. (“Global Telecom” – previously Orascom Telecom Holding S.A.E.) is the major sponsor of MMBL. Global Telecom was established in 1998 and has grown to become a major player in the telecommunication market. Global Telecom Holding S.A.E. is a member of the VEON Group (formerly known as VimpelCom Group), one of the world’s largest mobile telecommunications providers by number of customers.

Headquartered in Islamabad, MMBL aims to provide financial solutions to the economically underprivileged in Pakistan for their economic freedom, by using innovative ADCs and promoting micro businesses through an ethical and passionate team, which strives to deliver beyond expectations. The bank plays a leading role in the expansion of financial services such as savings, micro loans, insurance, remittances, branch banking, branchless banking (JAZZ cash), assets products and liabilities products.

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