Islamic Finance

BankIslami Pakistan Limited goes live with iMAL*PCS Java version 14

 Path Solutions, a leading provider of Islamic banking software solutions, today announced the successful upgrade of the iMAL*ProfitCalculationSystem in Java version 14 at BankIslami Pakistan Limited (“BankIslami”).   Read more »

Path Solutions Distinguished as Best Islamic Core Banking System Provider

Path Solutions, the premier provider of Islamic banking software solutions and services, is pleased to announce that it has been awarded Corporate Vision’s 2016 Technology Innovator Award for ‘Best Islamic Core Banking System Provider’. Read more »

Path Solutions Named ‘Islamic Finance Technology Provider of the Year’ at the 2016 IFFSA Awards

Path Solutions, the global Islamic banking software and services company is pleased to announce it has won the gold award for ‘Islamic Finance Technology Provider of the Year’ at the 2016 IFFSA Awards. Following the conclusion of the inaugural IFFSA (Islamic Finance Forum for South Asia) which was held on 26th & 27thof July 2016 in Sri Lanka, the winners of the IFFSA Awards were announced during an award gala dinner in the evening of 27th ... more Read more »

Path Solutions' Chairman & CEO Receives Honorary Leadership Award in Islamic Finance

Path Solutions, the leader in Sharia-compliant technology-enabled solutions and services for the Islamic finance industry, today announced that Mohammed Kateeb, the company’ Group Chairman & CEO was recognized by IFFSA with the 2016 Honorary Leadership Award in Islamic Finance. Read more »

1st Leadership Summit on Islamic Finance & Cryptocurrency

The first ever leadership summit to explore the potential applications of cryptocurrency in relation to the Islamic banking and finance industry was held in London on 25th July. Read more »

Path Solutions Receives Double Award at the ACQ5 Global Awards 2016

 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. Read more »

Path Solutions' iMAL Selected by BOK International

Path Solutions, announces today that BOK International (“BOKI”) first overseas branch office for Bank of Khartoum (“BOK”) in Bahrain has completed successfully the implementation of iMAL across its operations. Read more »

Paytm Goes Live with Infosys Finacle to Power its Payments Bank Business

Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY) and Paytm, India’s largest mobile payments and commerce platform, today announced that the Finacle Core Banking solution has been selected to power Paytm’s new payments bank business. Paytm will leverage Finacle’s proven platform for its deposit products and payments platform, enabling it to rapidly roll out innovative offerings. Key Highlights: Read more »

Path Solutions Named Innovator in Islamic Finance

New York-based financial magazine Global Finance announced The Innovators 2016 - Islamic Finance. The magazine has ranked Path Solutions a 2016 Innovator in Islamic Finance for its innovative iMAL Islamic banking platform. Read more »

Path Solutions Receives Double Award at The Asset Triple A Islamic Finance Awards 2016

Path Solutions, the largest provider of Sharia-compliant core banking systems, is delighted to announce a double award win, where it scooped the highly prestigious ‘Best Technology Provider’ and Best Banking Solution’ for the company’s Islamic core banking system iMAL, at The Asset Triple A Islamic Finance Awards 2016. Read more »

Path Solutions Strengthens Position in Islamic Banking With New Award

Path Solutions has been voted ‘Islamic Banking Solution Provider of the Year' at the 2016 edition of Beacon of ICT (BoICT) Awards held on April 23rd at the prestigious Eko Hotels and Suites in Lagos, Nigeria. Read more »

Siraj Finance Benefits from Path Solutions' iMAL

Path Solutions, a global provider of Sharia-compliant financial software and services, today announced that Siraj Finance PJSC, a leading Islamic finance company based in Abu Dhabi, UAE has signed a new agreement for the implementation of iMAL that includes comprehensive Sharia-compliant financial applications. Read more »

Path Solutions becomes member of CIBAFI

Kuwait-based Path Solutions has joined CIBAFI, the General Council for Islamic Banks and Financial Institutions as a member. CIBAFI is an international organization established in 2001 and headquartered in the Kingdom of Bahrain. It is affiliated with the Organization of Islamic Cooperation (OIC). CIBAFI represents the Islamic financial services industry globally, defending and promoting its role, consolidating cooperation among its members and... more Read more »

Thomson Reuters, IRTI, CIBAF and CIMB Islamic Bank Launch Islamic Finance In Indonesia

Thomson Reuters, the Islamic Research and Training Institute (IRTI), an affiliate of the Islamic Development Bank Group, and the General Council for Islamic Banks and Financial Institutions (CIBAFI), today launched a new Indonesia Islamic Finance Report titled “Prospects For Exponential Growth” at a ceremony in Jakarta. The study was prepared in strategic partnership with CIMB Islamic Bank. Read more »

IFIF Welcomes Powerhouses from Across World Islamic Finance Industry

 Islamic banking leaders and dignitaries from across Africa and the Middle East gathered today at the 2nd annual International Forum on Islamic Finance (IFIF 2016). Read more »

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