Path Solutions voted ‘Best Islamic Technology Provider’ for the third year running

October 11, 2010 - For the third year in a row, Path Solutions outperformed its competitors and was voted into the top spot by global readership of the industry’s flagship publication IFN of Redmoney.

Path Solutions retained the leading position as ‘Best Islamic Technology Provider’ in the Islamic Finance news (IFN) Awards Poll for 2010, which were announced on October 6.

“Our long list of awards is a testament to our outstanding accomplishments in providing solutions to the Islamic financial services industry. Our commitments to our clients and partners remain our key drivers. We are honored to receive this distinctive award. This was only possible with our clients’ continuous support”, commented Mohammed Kateeb, Path Solutions’ Chairman & CEO.

“Our strategy will continue to be based on developing leading-edge Islamic software solutions capable of supporting this evolving market; we will continue to consult closely with our clients to understand their changing requirements and to provide them with business solutions that give them the competitive edge they seek. With Islamic finance expanding rapidly throughout the world, we will also continue to expand our geographic presence and open up new markets”, Kateeb concluded.

The IFN Best Service Providers Poll recognizes the best supporting providers to the Islamic financial services industry. The IFN Awards are a benchmark for performance in the Islamic finance industry and are considered to be the most accurate indicator of who is leading the market.

Thirteen categories were contested in the 2010 polls, and a total of 1,956 votes cast. Following due diligence 450 votes were discarded leaving 1,506 votes counting to towards the final results.

Retaining their number one status again for 2010 were CIMB Islamic as the Best Islamic Fund Manager and Dow Jones Islamic as the Best Islamic Index Provider.