Islamic Finance

The Trophy for Best Islamic Technology Provider goes to Path Solutions from the Asset

Path Solutions, the leading provider of Islamic software solutions and services, has won the title of ‘Best Islamic Technology Provider’ at The Asset Triple A Islamic Finance Awards 2019. The award puts emphasis on the company’s Sharia-compliant financial software suite and recognizes innovation and impact in advancing the Islamic financial services industry. Read more »

ICS Financial Systems Named “Best Technology Solution Provider to Islamic Finance in UK”

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, is awarded “Best Technology Solution Provider to Islamic Finance in UK” during  CIS (The Commonwealth of Independent States) – Islamic Banking and Finance Forum, organized by AlHuda Centre of Islamic Banking and Economics (CIBE). Read more »

ICS Financial Systems to Participate at AAOIFI’s Shari’ah Conference, 17th Edition

Manama, Kingdom of Bahrain: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, has participated in the 17th Annual Shari'ah Conference of The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the leading  international not-for-profit organisation primarily responsible for development and issuance of standards for the global Islamic finance... more Read more »

World Finance Magazine names Temenos “Best Islamic Banking & Finance Technology Provider”

The 2019 Islamic Finance Awards, presented by World Finance Magazine, has announced that Temenos (SIX: TEMN) has won the ‘Best Islamic Banking & Finance Technology Provider’, for its breakthrough digital front office product, Temenos Infinity, and next generation core banking system, Temenos T24 Transact. For the second consecutive year, Temenos was recognized after demonstrating remarkable contributions to Shari’ah-compliant banking,... more Read more »

Ameen Al-Iraq Islamic Bank for Investment and Finance powers digital banking with iMAL

Ameen Al-Iraq Islamic Bank for Investment and Finance (known as: Ameen Al-Iraq) has just signed for Path Solutions’ iMAL Islamic core banking platform in preference to other core banking systems for its new digital banking business in Iraq. The contract signing took place in Beirut, Lebanon. Read more »

Path Solutions Moves Award-winning Banking Technology onto Microsoft Azure to Accelerate Customer Growth

Fintech solution provider, Path Solutions, today announced that it has successfully deployed and tested its latest iMAL R14.1 technology on Azure, Microsoft’s trusted and intelligent cloud. Currently used by over 100 Islamic banks, iMAL is a multi-award-winning core banking and investment platform. Read more »

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 »

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