AAOIFI honors Path Solutions and Mohammed Kateeb receives an Honorary Shield

AAOIFI honors Path Solutions and Mohammed Kateeb receives an Honorary Shield

On the occasion of 30-year anniversary of the foundation of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and during the AAOIFI-IsDB 16th Annual Conference which was held on 1 &2 December in Bahrain, Mohammed Kateeb, the Group Chairman & CEO of Path Solutions has received an Honorary Shield from H.E. Sheikh Ebrahim Bin Khalifa Al Khalifa, Chairman of AAOIFI Board of Trustees.

Sheikh Al Khalifa praised Kateeb and thanked him for his efforts and remarkable achievements throughout the decades in supporting AAOIFI, and for his important role and Path Solutions’ role in contributing to the growth of the Islamic finance industry worldwide.

Kateeb who spoke at the conference on the ‘Strategies for recovery from the impacts of COVID-19 pandemic’, commented, “We are delighted to continue to collaborate with AAOIFI in the advancement of the industry. The collaboration reflects Path Solutions’ commitment to promoting a more comprehensive understanding of Islamic finance while being focused on developing a technology-enabled sector leveraging next-generation AAOIFI-certified technology”.

The 16th edition of the AAOIFI-IsDB conference shed light on vital topics related to the future of the Islamic financial industry and discussed the key features of enhanced standardization and regulation in Sharia governance, in addition to the development of an alternative benchmark rate, Maqasid Al-Sharia, accounting process of Takaful insurance, as well as sessions on Zakah and Islamic windows. Further details available here: http://aaoifi-isdb16conf.aaoifi.com/