Path Solutions Honoured at GIFA 2017 in Kazakhstan

Path Solutions, the global Islamic financial software and services company, is pleased to announce that it has won the ‘Best Islamic Finance Technology Provider 2017’ award.

The success marks the fourth consecutive year that Path Solutions has been recognized as an industry leader by Edbiz Corporation.

The prestigious award was presented to Path Solutions on the evening of September 6 at the 7th Global Islamic Finance Awards (GIFA 2017) ceremony in Astana, Kazakhstan.

The GIFA Committee considered another three institutions in this category, and after long deliberations decided in favour of Path Solutions based on a number of factors included in GIFA methodology.

Mohammed Kateeb, Group Chairman & CEO of Path Solutions commented, “We are honored to be recognised again at the GIFA 2017 as a leading provider of Islamic financial software solutions and services. Our key objective when developing new solutions is to ensure the functionality and technology capabilities we deliver to our esteemed clients meet their rapidly changing requirements. Our goal is to continue to lead the way in terms of innovation, overall expertise and service to clients. The quality of our skilled professionals and the continued investment into the system enable us to match the pace of the Islamic finance industry”.

Earlier this year, Path Solutions announced the release of the award-winning software iMAL R14 Java version which had undergone the greatest transformation, as well as the addition of several key modules in line with an accelerating demand landscape.

Professor Humayon Dar, Chairman of GIFA said: “The GIFA methodology – on which the awards are based and winners selected – is the most detailed approach to screen only the best of the best in their respective award categories. It goes on to state that Path Solutions stands out as the vendor best placed to meet the technology needs of key Islamic financial institutions worldwide, with successful deployments in all major regions around the world and strong positioning in both the Middle East and African markets”.

In 2017, H.E. Ismail Omar Guelleh, President of the Republic of Djibouti, was the Chief Guest to the ceremony and has received the prestigious ‘Global Islamic Finance Leadership Award 2017’.

H.E. Nursultan Nazarbayev, President of the Republic of Kazakhstan and some other heads of states also attended the prestigious award ceremony.

Since its inception, GIFA has emerged as the most authentic market-led Islamic finance awards programme. It has grown over the years to become one of the highly coveted awards in the Islamic finance world. Its prestigious label of excellence recognises governments, institutions and individuals who have made outstanding achievements in their respective fields, contributing to the sustainability of the industry as a viable system within the global international financial architecture.

Previous recipients of the top Global Islamic Finance Leadership Awards – also known as GIFA Laureates, include: H.E. Joko Widodo, President of the Republic of Indonesia, H.R.H. Muhammadu Sanusi II, Emir of Kano, Nigeria; H.E. Shaukat Aziz, Former Prime Minister of Pakistan; H.R.H. Sultan Nazrin Shah of Perak, Malaysia.