BEIRUT, Lebanon -- (BUSINESS WIRE) --
Path Solutions, the world leader in the provision of Islamic banking software, is pleased to announce that it has been awarded for the third time Sheikh Mohammed Bin Rashid Al Maktoum Trophy for "Best IT Solution Provider to the Islamic Finance Industry".
The award was presented to Path Solutions' Head of Corporate Communications & Marketing Rosie Kmeid, during the International Islamic Finance Forum 2010 Awards Ceremony held on 17th of May at the Raffles Hotel in Dubai where Path Solutions fended off competition from around the globe.
The International Islamic Finance Forum Awards celebrate excellence in Islamic finance. The awards showcase the very best names in Islamic finance and recognise contributions of institutions and individuals to the development of this nascent but high potential industry.
Path Solutions this year has been recognised "No. 1 Best Selling Islamic Software Provider" and "World's 5th Universal Banking Solutions Provider" in IBS Sales league Table for 2009 and "Best Islamic Technology Provider" in the 2009 IFN Awards Poll conducted by Redmoney.
"We are thrilled to be selected once again as the Best IT Solution Provider in our category, particularly as this year is marked by challenging market conditions," commented Mohammed Kateeb, Chairman & CEO of Path Solutions. "The Islamic finance industry becomes increasingly competitive every year. Maintaining a distinct edge over our competitors is contingent on sharper customer focus and ability to constantly evolve our product line to meet the specific needs of a highly competitive market," Kateeb concluded.
*Source: ME NewsWire
About Path Solutions
Founded in 1992, Path Solutions (www.path-solutions.com) is a dedicated software house specialized in the provision of Sharia-compliant integrated software solutions and services to the Islamic financial marketplace. Path Solutions' flagship product iMAL is the first and only AAOIFI-certified solution that covers all aspects related to banking; whether commercial, retail, corporate or investment banks. iMAL is modular and yet fully integrated, multi-lingual, multi-company, multi-currency, flexible, and scalable, and has high ability in parameterization and customization.
Path Solutions is dedicated to the satisfaction of its clients and employs leading edge technologies while guaranteeing reliable performance and levels of excellence in the quality and efficiency of its services. Path Solutions has 18 years of market experience using unrivalled software implementation expertise at forward-thinking Islamic banks and financial institutions. Its strong market share is testament to its ability to maintain technology advantage. The company is now present in 17 countries around the world and plans to shortly add Central Europe to its network.
Path Solutions is headquartered in Kuwait, with a Research & Development centre in Lebanon and support offices in Bahrain, KSA, Pakistan, Sudan, Kenya, Malaysia, Indonesia and UK.
For further details on the Award Ceremony, please log on to http://www.iirme.com/iiff/awards
CONTACT:
Path Solutions
Rim Richani, +961 1 697444
Corporate Communications Department
www.path-solutions.com
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