Path Solutions, a leader in Islamic banking software solutions and services, is proud to announce that it was named ‘International Core Banking System Provider of the Year – Islamic Finance’ for the third consecutive year at the ACQ5 Global Awards 2016. Hot on the heels of this recognition came a second accolade, also from ACQ5 for the company’s iSHRAQ*Microfinance solution which has won the same category last year.

“Having assessed the votes that have been cast by industry peers, Path Solutions is an ACQ5 Global Awards 2016 category winner”, declared Jake Robson, Editor at ACQ5. “We boast a legitimately independent nomination process. Most importantly, our award winners are chosen by the industry itself. Every year, we seek their assistance in recognising industry leaders and distinguished firms, which we believe represent the benchmark of achievement and best practice in a particular field, and every year, we turn to our readers to help as we strive to recognise an ever-widening spectrum of industries and segments. Voting closed on March 31^st, 2016. The total number of nominations received stood at an amazing 75,246 nominations, our highest ever. We are pleased to confirm that Path Solutions received the highest number of nominations in two categories in 2016 which clearly reveal that Path remains the undisputed leader in the Islamic software industry”, he concluded.

The ACQ Global Awards program was founded to empower end users to make smarter, more confident business decisions. These long established and internationally respected awards celebrate achievement, innovation and leadership and seek to promote high industry standards in their annual program.

“Path Solutions’ commitment to developing innovative Islamic banking technologies is rooted in its 25 year history. We are extremely happy to have won these prestigious awards as it is the industry’s endorsement for all of our pioneering work. We are particularly proud to be given another recognition alongside longer-established institutions”, commented Mohammed Kateeb, Path Solutions’ Group Chairman & CEO. 

Path Solutions is at the forefront of the Islamic financial software services industry. The company offers the industry’s widest range of software solutions and services to Islamic banks and Islamic financial institutions addressing all their operational requirements.

Path Solutions offers a differentiating proposition second to none - the combination of a deep knowledge base in the field of Islamic finance with software solutions developed in-house - that is indigenous to the Islamic finance community and unique to Path Solutions.

The ACQ5 Global Awards 2016 list of winners will feature on internationally recognised digital media platforms during 2016 including TIME, Bloomberg Business, CNN, BBC and The Sunday Times.

The winners of ACQ Global Awards 2016 will automatically be indexed within the soon-to-be-released ACQ5 Global Awards 2016 supplement.