Islamic Finance

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 »

The Housing Bank for Trade & Finance – Bahrain to Complete 2-weeks Assessment and Training Sessions on ICS BANKS’ latest features

ICSFS conducted a two-week intensive assessment and training sessions that were held at the Housing Bank for Trade and Finance (HBTF) in Manama, Bahrain. The assessment and training attendees were from HBTF senior executives, where the program covered the latest features of ICS BANKS Core Banking including front and back office branch operations services, Remittances, Credit Facility & Risk Management, Trade Finance, latest Lending products... more Read more »

SunTrust Bank Nigeria to Revamp its Partnership with ICSFS

 SunTrust Bank Nigeria, a privately held commercial bank in Nigeria, has recently conducted an executive incentivised meeting with ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, to revamp its partnership and roadmap. Read more »

AAOIFI grants compatibility of compliance certificate to iMAL Islamic financial software of Path Solutions

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) carried out a rigorous process of testing the compliance of iMAL Islamic financial software and issued a certificate to confirm its compliance with AAOIFI’s Shari’ah and Financial Accounting standards. Read more »

Nisir Microfinance Institution to Choose ICS BANKS from ICSFS to Drive its Growth in Ethiopia

Nisir Microfinance Institution (Nisir MFI), an innovative and growing microfinance institution in Ethiopia, has selected ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, to be its technology partner in providing a turnkey project, delivering its ICS BANKS Microfinance solution. Read more »

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