Islamic Finance

Path Solutions top IBS Islamic Sales League Table 2020

Path Solutions, a global banking software provider, was announced by IBS Intelligence as the leader in the Islamic financial services sector in IBS Islamic Sales League Table (SLT) 2020.  For the eighth year in a row, Path Solutions was recognized the undisputed leader in Islamic Banking with more new Islamic deals signed in 2019 than any of its industry peers. The company is part of the iconic IBSI Leadership Club 2020 for back office systems,... more Read more »

ICS Financial Systems named as Best Islamic Banking & Finance Technology Provider at 2020 Islamic Finance Awards

The latest edition of World Finance magazine is out now and has confirmed ICS Financial Systems (ICSFS) as Best Islamic Banking & Finance Technology Provider as part of its Islamic Finance Awards. The Islamic banking sector has been growing rapidly in recent times and it is certainly an area of the market that ICSFS has been supporting through its Shari’a compliant solutions. Read more »

Al Baraka Bank Sudan transforms into an intelligent bank with iMAL*BI

Path Solutions, the market-leading provider of Sharia-compliant digital solutions to the financial services industry, today announces that Al Baraka Bank Sudan (“BBS”), a subsidiary of the strategic Bahraini multinational banking corporation Al Baraka Banking Group, has successfully completed the implementation of its new Business Intelligence solution on March 13th. Read more »

ADIB is the first Islamic Bank to use Blockchain technology for trade distribution

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has become the first Islamic bank to successfully execute trade finance distribution transactions using Blockchain technology. The cross-border transactions, which were completed with multiple based banks, were made possible through ADIB's partnership with TradeAssets, a trade finance e-marketplace powered by Blockchain technology to help digitize the traditional processes... more Read more »

Africa and Gulf Bank selects Path Solutions for strategic Islamic core banking implementation

In line with its new vision to fuel innovation, Africa and Gulf Bank (“AGB”) in Sudan has signed an agreement with Path Solutions, the software specialist for the Islamic financial services industry, in which Path will provide the front-to-back iMAL suite for retail, commercial and corporate banking to be implemented as AGB’s new core banking and channels platform. Read more »

Path Solutions selected as a strategic technology solutions partner of MyBank Limited Somalia

Path Solutions announced today that it had signed up MyBank Ltd., its second banking client for iMAL in Somalia, and indicated a stronger focus on the Somali market for Sharia-compliant software solutions and services to tackle financial exclusion in the country. Read more »

Al Wifaq International Islamic Bank Selects ICS BANKS ISLAMIC from ICSFS to Maximise its Financial Efficiency

Al Wifaq International Islamic Bank for Investment and Finance, a newly established bank in Iraq, has selected the most holistic Islamic banking software; ICS BANKS ISLAMIC from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, to start its Islamic operations in Baghdad, Iraq. Read more »

Path Solutions adjudged Best Technology Solution Provider to African Interest-Free Banking and Takaful award winner

Path Solutions, a world leader in Sharia-compliant information technology solutions and services, is proud to announce recognition as ‘Best Technology Solution Provider to African Interest-Free Banking and Takaful’ award winner at the 2nd International Interest-Free Banking and Takaful Forum that took place on February 18 in Addis Ababa, Ethiopia. Read more »

Group Chairman & CEO of Path Solutions ranked among the Top 50 Global Leaders of the Islamic Economy

Mohammed Kateeb, the Group Chairman & CEO of Path Solutions has been listed by ISLAMICA 500 as one of the world’s Top 50 distinguished personalities who have made a major impact on the Islamic economy again this year. The announcement was made during the kick off of the Edition 2020 at a gala dinner at The H Dubai on Tuesday 18 February, bringing together a mix from the world’s most prominent leaders of the industry, as well as regulators... more Read more »

National Bank of Yemen Selects ICS BANKS Digital Banking from ICSFS to Drive its Digital Transformation

National Bank of Yemen (NBY), one of the largest commercial banks and a prominent contributor to the economic and social development in Yemen; has selected ICS BANKS Digital Banking software from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, to grow its operations domestically and internationally. Read more »

ICSFS sets a new standard of scalability and proofs viable solutions for the largest banks with Oracle Exadata

ICSFS, a leading universal core banking provider, with over 100 customers across the Middle East, Africa, South East Asia, Central Asia and Europe, invests in its software suites by utilising modern technology in launching new products, constructing a secured and agile integration, and keeping pace with new standards and regulations worldwide. Read more »

National Bank of Yemen Announces Successful Go-Live of ICS BANKS Universal Banking Software from ICSFS

National Bank of Yemen (NBY), one of the largest commercial banks and a prominent contributor to the economic and social development in Yemen; has gone live with ICS BANKS Universal Banking Software from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, to grow its operations domestically and internationally. Read more »

Bank Assafa goes live with iMAL to drive operational efficiency and superior customer experience

Path Solutions, the global Islamic banking software provider, today announced that Bank Assafa has gone live with the latest version of iMAL in its headquarters in Casablanca as part of its strategy to bring cutting-edge Islamic banking services to its new customer base. Read more »

Bank Assafa goes live with iMAL to drive operational efficiency and superior customer experience

Path Solutions, the global Islamic banking software provider, today announced that Bank Assafa has gone live with the latest version of iMAL in its headquarters in Casablanca as part of its strategy to bring cutting-edge Islamic banking services to its new customer base. Read more »

Al Khaleej Bank signs for iMAL Islamic core banking platform

Path Solutions, a worldwide provider of Sharia-compliant financial technology solutions, has announced that it signed Al Khaleej Bank in Sudan to its core banking platform.  Read more »

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