Islamic banking software specialist, Path Solutions, announced that its Core Banking System, iMAL was recently recognized as ‘Best Global Islamic Banking Software System in 2014’ by the renowned UK-based Global Brands Magazine.
Designed to meet the needs of modern Islamic banking, Path Solutions’ flagship product, iMAL is a powerful core banking solution specifically built from the ground up to support Sharia banking operations.
It is truly geared to address country and region-specific Islamic banking requirements. Moreover, the flexibility and intuitive design of iMAL enables Islamic financial institutions to quickly launch competitive Sharia-compliant products and services while reducing IT dependency and cost.
The Global Brands Awards are given to identify, acknowledge and reward key players that provide exceptional solutions, service and performance across different countries and segments, including finance, education and technology.
Jim Cooper, Editor at Global Brands Magazine said, “This year’s award winners were selected from a very competitive group of entrants, all of whom demonstrated unique and exceptional service delivery towards evolving technology sectors. Path Solutions was awarded this honor for its exceptional commitment to providing great and unique user-friendly Islamic core banking system. The company is to be congratulated for applying the latest technology to a traditional product which has taken the Islamic core banking system to greater heights”.
Commenting on the award, Mohammed Kateeb, Ggroup chairman & CEO of Path Solutions said, “I am delighted to note that once again Path Solutions has proved itself a deserving award winner with its iMAL Islamic banking system. The Global Brands award underscores our commitment to consistent product innovation for the Islamic financial services sector”.
Path Solutions has been at the heart of the Islamic financial software industry for over 20 years, offering a broad, deep spectrum of tailor-made Sharia-compliant integrated solutions and services that cover Core Banking, Customer Service Management, Investment Banking, Risk Management, Treasury and Trading in GCC and Global Capital Markets.
Path Solutions adds this award to a long list of accolades received over the last few months that include: ‘Number One Islamic Core Banking System Vendor’ and ‘3rd Universal Banking System Vendor Worldwide’ in the 2014 IBS Sales League Table; ‘Best Islamic Banking Systems Provider’ in the World Finance Technology Awards 2014; ‘Best Islamic Finance Technology Provider’ by International Finance Magazine – Financial Awards 2013; ‘Best Islamic Banking Technology Provider 2013’ & ‘Best Islamic Banking Technology Provider Middle East & GCC 2013’ in the Global Banking & Finance Review 2013 Awards; ‘Best Islamic Technology Provider’ for the 6th straight year in the 2013 IFN Best Service Providers Poll conducted by REDmoney; ‘Islamic Finance Technology Provider of the Year’ at the SLIBFI Awards 2013 and ‘Leader in Technology’ at the 2013 Arab Achievement Awards.