Path Solutions Named ‘Best Islamic Finance Technology Service Provider - Global 2016’

  • Islamic Finance
  • 31.01.2017 10:30 am

Path Solutions is proud to announce that it was awarded by the universally recognized financial magazine ‘International Finance Magazine’ as ‘Best Islamic Finance Technology Service Provider - Global 2016’.

This accolade underpins the market’s need and recognition for long overdue innovations in Islamic financial technologies. With 25 years of solid experience, Path Solutions - a Kuwaiti IT company specialized in the development and implementation of cutting-edge Sharia-compliant software solutions and services plays a pioneering role in the global Islamic software industry.

The UK-based ‘International Finance Magazine’ (IFM) Awards recognize and honour individuals and organisations who make significant contributions to raising the bar in the global financial industry through activities of note. These include path-breaking innovations and other notable achievements that impact the international finance community. The IFM Awards also shine the spotlight on organisations in niche segments and those that exhibit brilliance in the unsung corners of the financial services industry.

“We are honored to have been chosen by the esteemed editors and readers of IFM for this award which acknowledges not only our leading-edge technology, but also our vision and determination to pioneer the Islamic financial services sector”, said Mohammed Kateeb, Path Solutions’ Group Chairman & CEO. “Winning this prestigious award for the fourth consecutive year is a notable recognition to our concerted efforts and long-term commitment, being the benchmark for Sharia-compliant technologies globally”.

Using a combination of reader nominations and expert analysis to ensure a fair and unbiased selection process and following a meticulous research and analysis by an internal team, the process is transitioned to an external research agency to provide its input. The nominees are then evaluated by a jury of prestigious international experts to whittle them into a final shortlist. The finalists undergo extensive scrutiny on the basis of innovation, growth, sustainability and in how companies lead the way in driving their industries forward among other key factors before the final award winners are announced.

According to the organizers of IFM Awards, Path Solutions was adjudged winner based on a proven track record, as well as the accelerated speed in growing its market share by expanding lately into Tunisia, Morocco and Suriname, thus registering 25 per cent increase within a short time span.

The winners of IFM Awards (Middle East & Africa) were honoured during IFM Award Ceremony held on 26th January 2017 at JW Marriott Marquis Hotel in Dubai, UAE.  

The Award Ceremony brought together under one roof the who’s who of the international financial community, people holding C-Level positions within financial organizations, making it a highly-selective private gathering. 

To view the official announcement on IFM website and the Award Winners for the year 2016, follow the link: and then click on 2016.

Read in over 185 countries worldwide, IFM is published by International Finance Publications Ltd, UK:

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