Path Solutions, the first Islamic IT provider, proudly announces today the successful upgrade of iMAL core banking system at Gulf African Bank in Kenya. The Islamic core banking system was upgraded to R14 on 30^th April 2016.

Gulf African Bank has scaled up its investment, upgrading to the latest Java version of iMAL as part of a major modernization project across its retail and corporate banking business.

By upgrading to iMAL R14 across all areas of the bank, Gulf African Bank will benefit from the open architecture and componentized approach that underpins the bank’s resilient operational performance. With a more efficient branch network, a feature-rich banking experience and the ability to add on new functionalities quickly and easily, Gulf African Bank will be able grow its business and meet changing customer and market requirements.

Gulf African Bank Managing Director, Abdalla Abdulkhalik commented on the success of the system upgrade saying: “We took up the opportunity to upgrade our core banking system as a result of business growth coupled with a need to meet rapidly evolving market requirements”. And he continued, “The transition to the latest version of iMAL fits perfectly with our aim of modernization and will help Gulf African Bank deliver on its strategy. In doing so, we can realize our clients’ expectations of being the central hub for all of their Islamic banking needs. We remain confident that iMAL R14 will enable us to differentiate ourselves in a highly competitive market and achieve our goal of being the number one Islamic bank in Kenya”.

Path Solutions’ team executed the project upgrade according to agreed timelines, within budget and to a quality that exceeded Gulf African Bank’s high expectations, with improvement in system performance as a result of a major architectural change and technology enhancements. The success of this upgrade is the outcome of excellent cooperation amongst all stakeholders including Gulf African Bank’s management and project team.

The relationship between Path Solutions and Gulf African Bank began in 2007, and has seen great milestones over the years. This successful upgrade is set to further support Gulf African Bank’s growth aspirations of achieving new heights in the Islamic banking sector.