​​Path Solutions, a leading software provider for the Islamic financial services industry, today announced that it has once again been recognized as the gold category recipient of the ‘Islamic Finance Technology Provider of the Year’ award. The trophy was received by Mohammed Kateeb, the Group Chairman & CEO of Path Solutions at the IFFSA Awards 2017 in Colombo, Sri Lanka on Tuesday 24^th October.

Path Solutions was conferred with the ‘Islamic Finance Technology Provider of the Year’ award in recognition of its commitment to the improvement of human welfare, economic empowerment and financial inclusion through building world-class Sharia-compliant software solutions to meet the needs of modern Islamic finance.

The 2^nd IFFSA (Islamic Finance Forum of South Asia) & Awards, organized by UTO EduConsult together with KPMG Sri Lanka and Adl Capital, aims to create greater awareness on the potentials and opportunities brought about by Islamic finance to the region, and explore the issues related to its further development, progress and challenges. Mohammed Kateeb was selected to give the main address at the forum in an inspiring and insightful presentation, speaking about ‘Technology Impact on Future Financial Services’ to the delegates present representing several countries in the SA region and beyond. Kateeb took part as well in a panel discussion on ‘Fintech and its impact on the IBF industry’, where he shared his extensive knowledge and valuable insights, joining a list of distinguished speakers and panelists from across the world.

“We are honoured to be acknowledged for the second time by IFFSA Committee. It is great to see that Path Solutions continues to stand out from all competitors”, said Kateeb. “We have achieved and continue to maintain this position by being fully engaged in industry associations, organizations and conferences, staying connected with our clients, and investing heavily in R&D. We are always striving to enrich our suite of software solutions, while maintaining what makes us unique - innovation and service excellence. This award acclaims recognition to the company that has made the most significant impact in the area of information technology, specific to the Islamic finance industry. We are proud of being the technology partner for this segment, and part of the league that has contributed to its burgeoning growth”.

“Path Solutions is a great IT company widely acknowledged as being the best in the Islamic financial services marketplace. The company is passionately committed to bringing innovative and cost-effective software solutions to support the growth and advancement of the Islamic finance industry beyond its traditional geographical borders. There are great unmet needs in this region and it is our responsibility to shed light on Path’s outstanding journey”, commented Aakif Wahab, Group Executive Director of UTO Group.