Islamic Finance

ICSFS & PBZ CELEBRATES SUCCESSFUL GO LIVE OF ICS BANKS ISLAMIC AND ICS BANK

The People’s Bank of Zanzibar (PBZ), a state-owned and one of the oldest commercial banks in Tanzania, has successfully deployed and gone live on ICS BANKS ISLAMIC and ICS BANKS universal software suites from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions. Read more »

Palestine Islamic Bank selects Temenos Software to power its digital banking transformation

    Temenos (SIX: TEMN), the banking software company, today announced that Palestine Islamic Bank (PIB), the largest Islamic bank in Palestine, has chosen cloud-native, cloud-agnostic Temenos Infinity and Temenos  T24 Transact to transform its banking systems and drive its digital transformation. Read more »

Finastra to power core retail banking at Al Taif Islamic Bank

Al Taif Islamic Bank has chosen Fusion Islamic, Finastra’s core banking solution dedicated to the Islamic market, to kick start its retail business. The move will provide the new challenger bank’s customers with a consistent and user-friendly experience in branch and across all digital channels, whilst complying with Shari’ah requirements. Read more »

Al Mustashar Islamic Bank Goes Live in Record Time with ICS BANKS ISLAMIC From ICSFS

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that Al Mustashar Islamic Bank, a recently established bank in Iraq, is now operating on its multi-awards winning Islamic banking software suite ICS BANKS ISLAMIC. Read more »

Hammurabi Commercial Bank Selects ICS BANKS from ICSFS to Deliver New Advanced Banking Technologies

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, today announced that Hammurabi Commercial Bank, a new established bank by the Central Bank of Iraq, has selected the multi-awards winning solution ICS BANKS Universal Banking Software Suite. Read more »

AAOIFI and Path Solutions sign agreement to pursue and maintain certification

The Accounting and Auditing Organization for Islamic Financial Institutions (“AAOIFI”) and Path Solutions signed an agreement for the renewal of certification for Path Solutions’ iMAL Islamic core banking platform to comply with AAOIFI’s relevant standards.  Read more »

Iraq IDB’s successful upgrade of iMAL R14

Path Solutions, the Fintech solution provider for Islamic finance, today announced that the International Development Bank for Investment and Finance (“IDB”) in Iraq has successfully completed the upgrade of its core banking system to the new Path Solutions’ core, digital platform and echannels of iMAL R14, as of 30th September. Read more »

Mohammed Kateeb among the Top 50 Most Influential Leaders in Islamic Economy for fourth year in a row

The Group Chairman & CEO of Path Solutions, Mohammed Kateeb has been named one of the ‘World’s 50 Most Influential Leaders in Islamic Economy in 2018’ in ISLAMICA 500 Guide. This is Kateeb’s fourth year being nominated for this honor in the most recent list featuring a competitive group of 500 powerful people from 45 different countries, reflecting those making the difference in the Islamic economy space. Read more »

Path Solutions named World’s Best Islamic Technology Provider for 11th consecutive year

Path Solutions, a global Islamic Fintech solutions provider, is delighted and proud to announce that it was selected ‘Best Islamic Technology Provider’ at IFN Service Providers Poll 2018 for the 11th consecutive year, 12 times in total. Read more »

GIFA has named Mohammed Kateeb as the 2018 recipient of the Advocacy Award

 September 29th was a remarkable day for Path Solutions as it was recognized and honored twice at the annual Global Islamic Finance Awards (GIFA). The Group Chairman & CEO, Mohammed Kateeb was honored with the Advocacy Award – Islamic Financial Technology, while the company bagged the Market Leadership Award. Read more »

Path Solutions Announces Momentum Signing Up BTI Bank

Path Solutions, an established leader in providing cutting-edge software solutions to the Islamic financial services industry, is pleased to announce that Bank Al-Tamweel Wa Al-Inma (“BTI Bank”) has selected iMAL Islamic core banking platform for its retail, commercial and corporate banking operations, as well as for multi-channel support, analytics, risk and compliance. Read more »

Path Solutions announces momentum signing up BTI Bank

Path Solutions, an established leader in providing cutting-edge software solutions to the Islamic financial services industry, is pleased to announce that Bank Al-Tamweel Wa Al-Inma (“BTI Bank”) has selected iMAL Islamic core banking platform for its retail, commercial and corporate banking operations, as well as for multi-channel support, analytics, risk and compliance. Read more »

Path Solutions takes top honors in three ACQ5 Global Awards

Path Solutions is pleased to announce that Mohammed Kateeb, the company’s Group Chairman & CEO received the highly coveted recognition for ‘Gamechanger of the Year (Islamic Financial Technology)’, while the company was awarded ‘Core Banking System Provider of the Year (Islamic Finance) – International’ for the 5th time, and its ground-breaking technology solution for financial inclusion iSHRAQ*Microfinance named ‘Sharia-Compliant... more Read more »

Path Solutions bags two awards at The Asset Triple A Islamic Finance Awards 2018

Path Solutions is delighted to announce that it has received two accolades from The Asset Triple A Awards 2018, including ‘Best Islamic Technology Provider’ for a fourth year running and ‘Best Islamic Digital Banking Solution’ for its flagship Islamic core banking platform iMAL for the second time. Read more »

Maalem Financing Taps Path Solutions Islamic Core Banking Platform

In line with its new business and innovation strategy, Maalem Financing has signed an agreement with Path Solutions, the Islamic banking software specialist, in which iMAL Islamic core banking platform will be rolled out progressively at the company’s headquarters.    Read more »

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