Path Solutions today announced that it has won the ‘Best Islamic Finance Technology Provider 2016’ award, reiterating the company’s continuous contributions in accelerating technology-led breakthroughs in the Islamic financial services marketplace. Path Solutions was conferred the honour by Edbiz Consulting during the exclusive GIFA Awards Ceremony held in Jakarta (Indonesia) on September 29. GIFA 2016 was hosted by Otoritas Jasa Keuangan (OJK), which is the Indonesian financial services authority and witnessed by H.E. Joko Widodo, President of the Republic of Indonesia. Also in attendance were some 500 guests including several senior ministers, central bank governors, and CEOs of Islamic banks and financial institutions from around the world, including Asia, GCC, the Middle East, Africa and Europe.

The GIFA Awards Committee considered another three institutions in this category, and after long deliberations decided in favour of Path Solutions to receive the ‘Best Islamic Finance Technology Provider 2016’ award based on a number of factors included in GIFA methodology.

Speaking about the award, Mohammed Kateeb, the Group Chairman & CEO of Path Solutions said, “We are delighted with this honour, as it is reflective of our continuous efforts towards setting higher benchmarks in the industry. We believe this recognition further validates our achievements in providing our clients with cutting-edge software solutions to take advantage of global technology shifts and offer differentiated interest-free banking products and services that fulfill the needs and aspirations of their customers”.

Path Solutions is a proven industry leader, a key technology enabler and a business partner for over 100 prestigious Islamic financial institutions worldwide. With 25 years of solid experience in Islamic financial technologies, Path Solutions is a major contributor to the development and growth of modern Islamic finance, by researching industry new trends and developing innovative solutions to meet the needs of a fast-growing community.

The GIFA recognises and celebrates the success and contributions of exceptional individuals and institutions in the Islamic financial services industry. The awards’ objective is to highlight best practices and key milestones in this extremely competitive sector.