A T A G L A N C E

! It takes continuous e!ort to maintain high customer satisfaction levels; we believe thatadvanced technology will help us deliver the exceptional service our customers expect from us.Through this recent iMAL modernization, we are better prepared to take advantage of the latestinnovations, a full functional coverage that is constantly enriched, and an ever-evolving andscalable architecture. I proudly salute both teams who, despite a very tight project schedule witha huge scope, were able to deliver the benefit and value expected, i.e. meeting performancerequirements and service levels, such as availability, reliability, and speed. "Adel Abdul Wahab Al-MajedVice-Chairman & Chief Executive O!icer

! At a time when Cihan Bank business volumes grow and its organization becomes morecomplex, we needed to protect our financial margins; Cihan Bank’s choice of the new iMAL Javaversion was a straightforward one. The outstanding level of e!iciency, performance andscalability of this version allowed our IT development team to refocus its energy on revenue-generating initiatives while keeping operating costs in check. This upgrade was a keydi!erentiator for our bank. Now that we are focusing on creating customer journeys thatspecifically translate to better customer experience, we will be initiating shortly our digitaltransformation by implementing a mix of digital technologies from Path Solutions to accelerateinnovation as part of our new expansion plans. "Naz BajgerDeputy General Manager

! We continue to build on the existing relationship with Path Solutions with the pastimplementations and the ongoing upgrades. The platforms have proven to be a great success forSohar Islamic, at the time of launch as well as with the consistent upgrades that we are adopting.All functionalities of the platform have been tested very systematically by both parties, and wehave experienced intensive and extensive support throughout the various phases of the projectfrom the iMAL team which has shown great professionalism and e!iciency; all of which hascontributed to the overall success of the project. "Mujahid Said Daud Al ZadjalyDeputy General Manager - IT & Alternate Channels

Shariah is a set of laws based on Islamic principles. It governs thepublic and private aspects of people living in an Islamic system.The regulations of the Shariah are derived primarily from theQuran (Holy Book of Muslims) and Sunnah (Dealings andTeachings of Prophet Mohammad - Peace be upon him).

The very objective of the Shariah is to promote the welfare of thepeople, which lies in safeguarding their faith, their life, theirintellect, their posterity and their wealth. It can be divided intotwo groups:

1. Regulations on faith, worship and ritual duties.2. Regulations on dealings with people, financial transactions

and contracts.

Nauman Ul. HassanProduct Manager - Shariah ComplianceProduct ManagementPath Solutions

Shariah Compliance

We will restrict our focus to the matters related to financial management and in specific complying with Shariah regulations in terms of theIslamic financial transactions.

The very core of Islamic finance is to avoid Riba or interest. In layman terms, a loan that derives any kind of benefit is termed as Riba. TheIslamic financial system is an alternate of conventional banking system based on transactions such as a sale, lease or partnership, having itsown specific operational procedures and risks.

To ensure an Islamic bank is operating within the prescribed Shariah framework, almost every Islamic financial institution has an in-houseShariah scholar or a board comprising of two to three Shariah scholars who advise the management and guide them to ensure the operationsremain within the parameters of Shariah. In certain countries, banks have a dedicated Shariah Audit and Compliance department whichmonitors the day-to-day operations of the bank.

Importance of Shariah Compliance

One of the major risks an Islamic financial institution carries is reputational risk. Customers place their trust in the institution expecting thereturns are being generated in a Shariah-compliant manner.

From an institution’s perspective, any noncompliance identified results in loss of profit since income generated from a transaction violating thecore of Shariah once identified is given away as a charity, a minor mistake in execution of the contract can make the transaction completelyimpermissible.

Every geographical area has its own set of regulations which guide Islamic financial institutions, although some practices may di!er in certainregions, but each practice has to be approved by the respective Shariah scholars.

In this regard, standardization of processes is already under development. AAOIFI has emerged as a global entity which has issued Shariah andaccounting standards a"er a rigorous process of evaluation of each standard by multiple scholars.

Recent AAOIFI Developments

Over the years, the Islamic product development has evolved tocater to the demand of new and advanced products for itsexpanding customer base. AAOIFI is keeping up with the pace ofthese new developments and has recently issued 12 newstandards related to Shariah, Accounting, Governance and Code ofEthics. Apart from working on new standards, AAOIFI is alsorevising its existing standards which will give further clarity to theindustry.

For example, the treatment of Ijarah which was originally issued in1995 is now being revised to give clarity on the accountingtreatment for lessee, while the previous version’s focus wastowards the requirements of the lessor. Another importantrevision was made in the Murabaha accounting treatment to bringclarity on recording inventories, COGS (cost of goods sold) and thetreatment of discounts.

AAOIFI is currently discussing the Shariah Compliance andFiduciary Ratings for Islamic financial institutions, WaqfGovernance, Internal Shariah Audit, and Sukuk Governancestandards with the major players in the industry.

The Future

At the current pace of growth the Islamic finance industry would not be able to cope up with Shariah compliance requirements keeping in viewthe shortage of qualified resources and the associated costs. The operational costs of running an Islamic financial institution are high due to thetransactional nature where a contract has to be executed at the right event and the right sequence. With the growth of an institution the needfor human resources also increases and it will become inevitable for a bank to automate its operations to reduce its dependency on humaninvolvement and interventions.

The system should be capable enough to support the Islamic contracts from inception till payo! and profit distribution. A key challenge aShariah team faces is validating the correct execution sequence of a contract. The standard conventional banking systems are designed to lendmoney and are unable to capture the transactional sequence of an Islamic contract, therefore the Compliance department has to rely solely onthe supporting documents which being entirely manual can be manipulated. For example, to avoid making e!ort a sta! can get both the o!erand acceptance of a Murabaha contract signed o! simultaneously by the customer and later on he can mention the dates. Such practices maynot get detected by the Compliance department and they may need additional validations to ensure full compliance. However, if the sametransaction is executed within the system with the proper sequence of events, it would become virtually impossible to manipulate the record.On the other hand, the Shariah Compliance department will also save its resources with online access to the executed transaction, thusreducing the overall costs and mainly the cost of travelling and branch visits.

iMAL Solution

iMAL has been designed specifically for the Islamic financeindustry and is not built over a conventional banking system.Hence, the structure of the entire system is completely di!erent.The transactions carried out in the system are based on asequence of events which are designed keeping in view theIslamic modes of finance. This Islamic core banking platform givesthe financial institution the flexibility to build new solutions, andscaling up without compromising on Shariah principles.

User Spotlight

Fact Box

Big Wins

Buzz Feed

Tech Talk

Learn & Develop

In The News

On The Road

#U s e rS P O T L I G H T

The recent completion of iMALMALIslamic core banking platformupgrade at Boubyan Bank Kuwait

FEB

282019

The successful upgrade of iMALMAL R14at Cihan Bank in Iraq

FEB

262019

The successful upgrade of iMALMALe-services for Internet & MobileBanking at Sohar Islamic in Oman

DEC

182018

$T e c hT A L K

An Outlook On Shariah Compliance

%F a c tB O X

A T A G L A N C E

! It takes continuous e!ort to maintain high customer satisfaction levels; we believe thatadvanced technology will help us deliver the exceptional service our customers expect from us.Through this recent iMAL modernization, we are better prepared to take advantage of the latestinnovations, a full functional coverage that is constantly enriched, and an ever-evolving andscalable architecture. I proudly salute both teams who, despite a very tight project schedule witha huge scope, were able to deliver the benefit and value expected, i.e. meeting performancerequirements and service levels, such as availability, reliability, and speed. "Adel Abdul Wahab Al-MajedVice-Chairman & Chief Executive O!icer

! At a time when Cihan Bank business volumes grow and its organization becomes morecomplex, we needed to protect our financial margins; Cihan Bank’s choice of the new iMAL Javaversion was a straightforward one. The outstanding level of e!iciency, performance andscalability of this version allowed our IT development team to refocus its energy on revenue-generating initiatives while keeping operating costs in check. This upgrade was a keydi!erentiator for our bank. Now that we are focusing on creating customer journeys thatspecifically translate to better customer experience, we will be initiating shortly our digitaltransformation by implementing a mix of digital technologies from Path Solutions to accelerateinnovation as part of our new expansion plans. "Naz BajgerDeputy General Manager

! We continue to build on the existing relationship with Path Solutions with the pastimplementations and the ongoing upgrades. The platforms have proven to be a great success forSohar Islamic, at the time of launch as well as with the consistent upgrades that we are adopting.All functionalities of the platform have been tested very systematically by both parties, and wehave experienced intensive and extensive support throughout the various phases of the projectfrom the iMAL team which has shown great professionalism and e!iciency; all of which hascontributed to the overall success of the project. "Mujahid Said Daud Al ZadjalyDeputy General Manager - IT & Alternate Channels

Shariah is a set of laws based on Islamic principles. It governs thepublic and private aspects of people living in an Islamic system.The regulations of the Shariah are derived primarily from theQuran (Holy Book of Muslims) and Sunnah (Dealings andTeachings of Prophet Mohammad - Peace be upon him).

The very objective of the Shariah is to promote the welfare of thepeople, which lies in safeguarding their faith, their life, theirintellect, their posterity and their wealth. It can be divided intotwo groups:

1. Regulations on faith, worship and ritual duties.2. Regulations on dealings with people, financial transactions

and contracts.

Nauman Ul. HassanProduct Manager - Shariah ComplianceProduct ManagementPath Solutions

Shariah Compliance

We will restrict our focus to the matters related to financial management and in specific complying with Shariah regulations in terms of theIslamic financial transactions.

The very core of Islamic finance is to avoid Riba or interest. In layman terms, a loan that derives any kind of benefit is termed as Riba. TheIslamic financial system is an alternate of conventional banking system based on transactions such as a sale, lease or partnership, having itsown specific operational procedures and risks.

To ensure an Islamic bank is operating within the prescribed Shariah framework, almost every Islamic financial institution has an in-houseShariah scholar or a board comprising of two to three Shariah scholars who advise the management and guide them to ensure the operationsremain within the parameters of Shariah. In certain countries, banks have a dedicated Shariah Audit and Compliance department whichmonitors the day-to-day operations of the bank.

Importance of Shariah Compliance

One of the major risks an Islamic financial institution carries is reputational risk. Customers place their trust in the institution expecting thereturns are being generated in a Shariah-compliant manner.

From an institution’s perspective, any noncompliance identified results in loss of profit since income generated from a transaction violating thecore of Shariah once identified is given away as a charity, a minor mistake in execution of the contract can make the transaction completelyimpermissible.

Every geographical area has its own set of regulations which guide Islamic financial institutions, although some practices may di!er in certainregions, but each practice has to be approved by the respective Shariah scholars.

In this regard, standardization of processes is already under development. AAOIFI has emerged as a global entity which has issued Shariah andaccounting standards a"er a rigorous process of evaluation of each standard by multiple scholars.

Recent AAOIFI Developments

Over the years, the Islamic product development has evolved tocater to the demand of new and advanced products for itsexpanding customer base. AAOIFI is keeping up with the pace ofthese new developments and has recently issued 12 newstandards related to Shariah, Accounting, Governance and Code ofEthics. Apart from working on new standards, AAOIFI is alsorevising its existing standards which will give further clarity to theindustry.

For example, the treatment of Ijarah which was originally issued in1995 is now being revised to give clarity on the accountingtreatment for lessee, while the previous version’s focus wastowards the requirements of the lessor. Another importantrevision was made in the Murabaha accounting treatment to bringclarity on recording inventories, COGS (cost of goods sold) and thetreatment of discounts.

AAOIFI is currently discussing the Shariah Compliance andFiduciary Ratings for Islamic financial institutions, WaqfGovernance, Internal Shariah Audit, and Sukuk Governancestandards with the major players in the industry.

The Future

At the current pace of growth the Islamic finance industry would not be able to cope up with Shariah compliance requirements keeping in viewthe shortage of qualified resources and the associated costs. The operational costs of running an Islamic financial institution are high due to thetransactional nature where a contract has to be executed at the right event and the right sequence. With the growth of an institution the needfor human resources also increases and it will become inevitable for a bank to automate its operations to reduce its dependency on humaninvolvement and interventions.

The system should be capable enough to support the Islamic contracts from inception till payo! and profit distribution. A key challenge aShariah team faces is validating the correct execution sequence of a contract. The standard conventional banking systems are designed to lendmoney and are unable to capture the transactional sequence of an Islamic contract, therefore the Compliance department has to rely solely onthe supporting documents which being entirely manual can be manipulated. For example, to avoid making e!ort a sta! can get both the o!erand acceptance of a Murabaha contract signed o! simultaneously by the customer and later on he can mention the dates. Such practices maynot get detected by the Compliance department and they may need additional validations to ensure full compliance. However, if the sametransaction is executed within the system with the proper sequence of events, it would become virtually impossible to manipulate the record.On the other hand, the Shariah Compliance department will also save its resources with online access to the executed transaction, thusreducing the overall costs and mainly the cost of travelling and branch visits.

iMAL Solution

iMAL has been designed specifically for the Islamic financeindustry and is not built over a conventional banking system.Hence, the structure of the entire system is completely di!erent.The transactions carried out in the system are based on asequence of events which are designed keeping in view theIslamic modes of finance. This Islamic core banking platform givesthe financial institution the flexibility to build new solutions, andscaling up without compromising on Shariah principles.

User Spotlight

Fact Box

Big Wins

Buzz Feed

Tech Talk

Learn & Develop

In The News

On The Road

#U s e rS P O T L I G H T

The recent completion of iMALMALIslamic core banking platformupgrade at Boubyan Bank Kuwait

FEB

282019

The successful upgrade of iMALMAL R14at Cihan Bank in Iraq

FEB

262019

The successful upgrade of iMALMALe-services for Internet & MobileBanking at Sohar Islamic in Oman

DEC

182018

$T e c hT A L K

An Outlook On Shariah Compliance

%F a c tB O X

A T A G L A N C E

! It takes continuous e!ort to maintain high customer satisfaction levels; we believe thatadvanced technology will help us deliver the exceptional service our customers expect from us.Through this recent iMAL modernization, we are better prepared to take advantage of the latestinnovations, a full functional coverage that is constantly enriched, and an ever-evolving andscalable architecture. I proudly salute both teams who, despite a very tight project schedule witha huge scope, were able to deliver the benefit and value expected, i.e. meeting performancerequirements and service levels, such as availability, reliability, and speed. "Adel Abdul Wahab Al-MajedVice-Chairman & Chief Executive O!icer

! At a time when Cihan Bank business volumes grow and its organization becomes morecomplex, we needed to protect our financial margins; Cihan Bank’s choice of the new iMAL Javaversion was a straightforward one. The outstanding level of e!iciency, performance andscalability of this version allowed our IT development team to refocus its energy on revenue-generating initiatives while keeping operating costs in check. This upgrade was a keydi!erentiator for our bank. Now that we are focusing on creating customer journeys thatspecifically translate to better customer experience, we will be initiating shortly our digitaltransformation by implementing a mix of digital technologies from Path Solutions to accelerateinnovation as part of our new expansion plans. "Naz BajgerDeputy General Manager

! We continue to build on the existing relationship with Path Solutions with the pastimplementations and the ongoing upgrades. The platforms have proven to be a great success forSohar Islamic, at the time of launch as well as with the consistent upgrades that we are adopting.All functionalities of the platform have been tested very systematically by both parties, and wehave experienced intensive and extensive support throughout the various phases of the projectfrom the iMAL team which has shown great professionalism and e!iciency; all of which hascontributed to the overall success of the project. "Mujahid Said Daud Al ZadjalyDeputy General Manager - IT & Alternate Channels

Shariah is a set of laws based on Islamic principles. It governs thepublic and private aspects of people living in an Islamic system.The regulations of the Shariah are derived primarily from theQuran (Holy Book of Muslims) and Sunnah (Dealings andTeachings of Prophet Mohammad - Peace be upon him).

The very objective of the Shariah is to promote the welfare of thepeople, which lies in safeguarding their faith, their life, theirintellect, their posterity and their wealth. It can be divided intotwo groups:

1. Regulations on faith, worship and ritual duties.2. Regulations on dealings with people, financial transactions

and contracts.

Nauman Ul. HassanProduct Manager - Shariah ComplianceProduct ManagementPath Solutions

Shariah Compliance

We will restrict our focus to the matters related to financial management and in specific complying with Shariah regulations in terms of theIslamic financial transactions.

The very core of Islamic finance is to avoid Riba or interest. In layman terms, a loan that derives any kind of benefit is termed as Riba. TheIslamic financial system is an alternate of conventional banking system based on transactions such as a sale, lease or partnership, having itsown specific operational procedures and risks.

To ensure an Islamic bank is operating within the prescribed Shariah framework, almost every Islamic financial institution has an in-houseShariah scholar or a board comprising of two to three Shariah scholars who advise the management and guide them to ensure the operationsremain within the parameters of Shariah. In certain countries, banks have a dedicated Shariah Audit and Compliance department whichmonitors the day-to-day operations of the bank.

Importance of Shariah Compliance

One of the major risks an Islamic financial institution carries is reputational risk. Customers place their trust in the institution expecting thereturns are being generated in a Shariah-compliant manner.

From an institution’s perspective, any noncompliance identified results in loss of profit since income generated from a transaction violating thecore of Shariah once identified is given away as a charity, a minor mistake in execution of the contract can make the transaction completelyimpermissible.

Every geographical area has its own set of regulations which guide Islamic financial institutions, although some practices may di!er in certainregions, but each practice has to be approved by the respective Shariah scholars.

In this regard, standardization of processes is already under development. AAOIFI has emerged as a global entity which has issued Shariah andaccounting standards a"er a rigorous process of evaluation of each standard by multiple scholars.

Recent AAOIFI Developments

Over the years, the Islamic product development has evolved tocater to the demand of new and advanced products for itsexpanding customer base. AAOIFI is keeping up with the pace ofthese new developments and has recently issued 12 newstandards related to Shariah, Accounting, Governance and Code ofEthics. Apart from working on new standards, AAOIFI is alsorevising its existing standards which will give further clarity to theindustry.

For example, the treatment of Ijarah which was originally issued in1995 is now being revised to give clarity on the accountingtreatment for lessee, while the previous version’s focus wastowards the requirements of the lessor. Another importantrevision was made in the Murabaha accounting treatment to bringclarity on recording inventories, COGS (cost of goods sold) and thetreatment of discounts.

AAOIFI is currently discussing the Shariah Compliance andFiduciary Ratings for Islamic financial institutions, WaqfGovernance, Internal Shariah Audit, and Sukuk Governancestandards with the major players in the industry.

The Future

At the current pace of growth the Islamic finance industry would not be able to cope up with Shariah compliance requirements keeping in viewthe shortage of qualified resources and the associated costs. The operational costs of running an Islamic financial institution are high due to thetransactional nature where a contract has to be executed at the right event and the right sequence. With the growth of an institution the needfor human resources also increases and it will become inevitable for a bank to automate its operations to reduce its dependency on humaninvolvement and interventions.

The system should be capable enough to support the Islamic contracts from inception till payo! and profit distribution. A key challenge aShariah team faces is validating the correct execution sequence of a contract. The standard conventional banking systems are designed to lendmoney and are unable to capture the transactional sequence of an Islamic contract, therefore the Compliance department has to rely solely onthe supporting documents which being entirely manual can be manipulated. For example, to avoid making e!ort a sta! can get both the o!erand acceptance of a Murabaha contract signed o! simultaneously by the customer and later on he can mention the dates. Such practices maynot get detected by the Compliance department and they may need additional validations to ensure full compliance. However, if the sametransaction is executed within the system with the proper sequence of events, it would become virtually impossible to manipulate the record.On the other hand, the Shariah Compliance department will also save its resources with online access to the executed transaction, thusreducing the overall costs and mainly the cost of travelling and branch visits.

iMAL Solution

iMAL has been designed specifically for the Islamic financeindustry and is not built over a conventional banking system.Hence, the structure of the entire system is completely di!erent.The transactions carried out in the system are based on asequence of events which are designed keeping in view theIslamic modes of finance. This Islamic core banking platform givesthe financial institution the flexibility to build new solutions, andscaling up without compromising on Shariah principles.

User Spotlight

Fact Box

Big Wins

Buzz Feed

Tech Talk

Learn & Develop

In The News

On The Road

#U s e rS P O T L I G H T

The recent completion of iMALMALIslamic core banking platformupgrade at Boubyan Bank Kuwait

FEB

282019

The successful upgrade of iMALMAL R14at Cihan Bank in Iraq

FEB

262019

The successful upgrade of iMALMALe-services for Internet & MobileBanking at Sohar Islamic in Oman

DEC

182018

$T e c hT A L K

An Outlook On Shariah Compliance

%F a c tB O X

A T A G L A N C E

! It takes continuous e!ort to maintain high customer satisfaction levels; we believe thatadvanced technology will help us deliver the exceptional service our customers expect from us.Through this recent iMAL modernization, we are better prepared to take advantage of the latestinnovations, a full functional coverage that is constantly enriched, and an ever-evolving andscalable architecture. I proudly salute both teams who, despite a very tight project schedule witha huge scope, were able to deliver the benefit and value expected, i.e. meeting performancerequirements and service levels, such as availability, reliability, and speed. "Adel Abdul Wahab Al-MajedVice-Chairman & Chief Executive O!icer

! At a time when Cihan Bank business volumes grow and its organization becomes morecomplex, we needed to protect our financial margins; Cihan Bank’s choice of the new iMAL Javaversion was a straightforward one. The outstanding level of e!iciency, performance andscalability of this version allowed our IT development team to refocus its energy on revenue-generating initiatives while keeping operating costs in check. This upgrade was a keydi!erentiator for our bank. Now that we are focusing on creating customer journeys thatspecifically translate to better customer experience, we will be initiating shortly our digitaltransformation by implementing a mix of digital technologies from Path Solutions to accelerateinnovation as part of our new expansion plans. "Naz BajgerDeputy General Manager

! We continue to build on the existing relationship with Path Solutions with the pastimplementations and the ongoing upgrades. The platforms have proven to be a great success forSohar Islamic, at the time of launch as well as with the consistent upgrades that we are adopting.All functionalities of the platform have been tested very systematically by both parties, and wehave experienced intensive and extensive support throughout the various phases of the projectfrom the iMAL team which has shown great professionalism and e!iciency; all of which hascontributed to the overall success of the project. "Mujahid Said Daud Al ZadjalyDeputy General Manager - IT & Alternate Channels

Shariah is a set of laws based on Islamic principles. It governs thepublic and private aspects of people living in an Islamic system.The regulations of the Shariah are derived primarily from theQuran (Holy Book of Muslims) and Sunnah (Dealings andTeachings of Prophet Mohammad - Peace be upon him).

The very objective of the Shariah is to promote the welfare of thepeople, which lies in safeguarding their faith, their life, theirintellect, their posterity and their wealth. It can be divided intotwo groups:

1. Regulations on faith, worship and ritual duties.2. Regulations on dealings with people, financial transactions

and contracts.

Nauman Ul. HassanProduct Manager - Shariah ComplianceProduct ManagementPath Solutions

Shariah Compliance

We will restrict our focus to the matters related to financial management and in specific complying with Shariah regulations in terms of theIslamic financial transactions.

The very core of Islamic finance is to avoid Riba or interest. In layman terms, a loan that derives any kind of benefit is termed as Riba. TheIslamic financial system is an alternate of conventional banking system based on transactions such as a sale, lease or partnership, having itsown specific operational procedures and risks.

To ensure an Islamic bank is operating within the prescribed Shariah framework, almost every Islamic financial institution has an in-houseShariah scholar or a board comprising of two to three Shariah scholars who advise the management and guide them to ensure the operationsremain within the parameters of Shariah. In certain countries, banks have a dedicated Shariah Audit and Compliance department whichmonitors the day-to-day operations of the bank.

Importance of Shariah Compliance

One of the major risks an Islamic financial institution carries is reputational risk. Customers place their trust in the institution expecting thereturns are being generated in a Shariah-compliant manner.

From an institution’s perspective, any noncompliance identified results in loss of profit since income generated from a transaction violating thecore of Shariah once identified is given away as a charity, a minor mistake in execution of the contract can make the transaction completelyimpermissible.

Every geographical area has its own set of regulations which guide Islamic financial institutions, although some practices may di!er in certainregions, but each practice has to be approved by the respective Shariah scholars.

In this regard, standardization of processes is already under development. AAOIFI has emerged as a global entity which has issued Shariah andaccounting standards a"er a rigorous process of evaluation of each standard by multiple scholars.

Recent AAOIFI Developments

Over the years, the Islamic product development has evolved tocater to the demand of new and advanced products for itsexpanding customer base. AAOIFI is keeping up with the pace ofthese new developments and has recently issued 12 newstandards related to Shariah, Accounting, Governance and Code ofEthics. Apart from working on new standards, AAOIFI is alsorevising its existing standards which will give further clarity to theindustry.

For example, the treatment of Ijarah which was originally issued in1995 is now being revised to give clarity on the accountingtreatment for lessee, while the previous version’s focus wastowards the requirements of the lessor. Another importantrevision was made in the Murabaha accounting treatment to bringclarity on recording inventories, COGS (cost of goods sold) and thetreatment of discounts.

AAOIFI is currently discussing the Shariah Compliance andFiduciary Ratings for Islamic financial institutions, WaqfGovernance, Internal Shariah Audit, and Sukuk Governancestandards with the major players in the industry.

The Future

At the current pace of growth the Islamic finance industry would not be able to cope up with Shariah compliance requirements keeping in viewthe shortage of qualified resources and the associated costs. The operational costs of running an Islamic financial institution are high due to thetransactional nature where a contract has to be executed at the right event and the right sequence. With the growth of an institution the needfor human resources also increases and it will become inevitable for a bank to automate its operations to reduce its dependency on humaninvolvement and interventions.

The system should be capable enough to support the Islamic contracts from inception till payo! and profit distribution. A key challenge aShariah team faces is validating the correct execution sequence of a contract. The standard conventional banking systems are designed to lendmoney and are unable to capture the transactional sequence of an Islamic contract, therefore the Compliance department has to rely solely onthe supporting documents which being entirely manual can be manipulated. For example, to avoid making e!ort a sta! can get both the o!erand acceptance of a Murabaha contract signed o! simultaneously by the customer and later on he can mention the dates. Such practices maynot get detected by the Compliance department and they may need additional validations to ensure full compliance. However, if the sametransaction is executed within the system with the proper sequence of events, it would become virtually impossible to manipulate the record.On the other hand, the Shariah Compliance department will also save its resources with online access to the executed transaction, thusreducing the overall costs and mainly the cost of travelling and branch visits.

iMAL Solution

iMAL has been designed specifically for the Islamic financeindustry and is not built over a conventional banking system.Hence, the structure of the entire system is completely di!erent.The transactions carried out in the system are based on asequence of events which are designed keeping in view theIslamic modes of finance. This Islamic core banking platform givesthe financial institution the flexibility to build new solutions, andscaling up without compromising on Shariah principles.

User Spotlight

Fact Box

Big Wins

Buzz Feed

Tech Talk

Learn & Develop

In The News

On The Road

#U s e rS P O T L I G H T

The recent completion of iMALMALIslamic core banking platformupgrade at Boubyan Bank Kuwait

FEB

282019

The successful upgrade of iMALMAL R14at Cihan Bank in Iraq

FEB

262019

The successful upgrade of iMALMALe-services for Internet & MobileBanking at Sohar Islamic in Oman

DEC

182018

$T e c hT A L K

An Outlook On Shariah Compliance

%F a c tB O X

A T A G L A N C E

! It takes continuous e!ort to maintain high customer satisfaction levels; we believe thatadvanced technology will help us deliver the exceptional service our customers expect from us.Through this recent iMAL modernization, we are better prepared to take advantage of the latestinnovations, a full functional coverage that is constantly enriched, and an ever-evolving andscalable architecture. I proudly salute both teams who, despite a very tight project schedule witha huge scope, were able to deliver the benefit and value expected, i.e. meeting performancerequirements and service levels, such as availability, reliability, and speed. "Adel Abdul Wahab Al-MajedVice-Chairman & Chief Executive O!icer

! At a time when Cihan Bank business volumes grow and its organization becomes morecomplex, we needed to protect our financial margins; Cihan Bank’s choice of the new iMAL Javaversion was a straightforward one. The outstanding level of e!iciency, performance andscalability of this version allowed our IT development team to refocus its energy on revenue-generating initiatives while keeping operating costs in check. This upgrade was a keydi!erentiator for our bank. Now that we are focusing on creating customer journeys thatspecifically translate to better customer experience, we will be initiating shortly our digitaltransformation by implementing a mix of digital technologies from Path Solutions to accelerateinnovation as part of our new expansion plans. "Naz BajgerDeputy General Manager

! We continue to build on the existing relationship with Path Solutions with the pastimplementations and the ongoing upgrades. The platforms have proven to be a great success forSohar Islamic, at the time of launch as well as with the consistent upgrades that we are adopting.All functionalities of the platform have been tested very systematically by both parties, and wehave experienced intensive and extensive support throughout the various phases of the projectfrom the iMAL team which has shown great professionalism and e!iciency; all of which hascontributed to the overall success of the project. "Mujahid Said Daud Al ZadjalyDeputy General Manager - IT & Alternate Channels

Shariah is a set of laws based on Islamic principles. It governs thepublic and private aspects of people living in an Islamic system.The regulations of the Shariah are derived primarily from theQuran (Holy Book of Muslims) and Sunnah (Dealings andTeachings of Prophet Mohammad - Peace be upon him).

The very objective of the Shariah is to promote the welfare of thepeople, which lies in safeguarding their faith, their life, theirintellect, their posterity and their wealth. It can be divided intotwo groups:

1. Regulations on faith, worship and ritual duties.2. Regulations on dealings with people, financial transactions

and contracts.

Nauman Ul. HassanProduct Manager - Shariah ComplianceProduct ManagementPath Solutions

Shariah Compliance

We will restrict our focus to the matters related to financial management and in specific complying with Shariah regulations in terms of theIslamic financial transactions.

The very core of Islamic finance is to avoid Riba or interest. In layman terms, a loan that derives any kind of benefit is termed as Riba. TheIslamic financial system is an alternate of conventional banking system based on transactions such as a sale, lease or partnership, having itsown specific operational procedures and risks.

To ensure an Islamic bank is operating within the prescribed Shariah framework, almost every Islamic financial institution has an in-houseShariah scholar or a board comprising of two to three Shariah scholars who advise the management and guide them to ensure the operationsremain within the parameters of Shariah. In certain countries, banks have a dedicated Shariah Audit and Compliance department whichmonitors the day-to-day operations of the bank.

Importance of Shariah Compliance

One of the major risks an Islamic financial institution carries is reputational risk. Customers place their trust in the institution expecting thereturns are being generated in a Shariah-compliant manner.

From an institution’s perspective, any noncompliance identified results in loss of profit since income generated from a transaction violating thecore of Shariah once identified is given away as a charity, a minor mistake in execution of the contract can make the transaction completelyimpermissible.

Every geographical area has its own set of regulations which guide Islamic financial institutions, although some practices may di!er in certainregions, but each practice has to be approved by the respective Shariah scholars.

In this regard, standardization of processes is already under development. AAOIFI has emerged as a global entity which has issued Shariah andaccounting standards a"er a rigorous process of evaluation of each standard by multiple scholars.

Recent AAOIFI Developments

Over the years, the Islamic product development has evolved tocater to the demand of new and advanced products for itsexpanding customer base. AAOIFI is keeping up with the pace ofthese new developments and has recently issued 12 newstandards related to Shariah, Accounting, Governance and Code ofEthics. Apart from working on new standards, AAOIFI is alsorevising its existing standards which will give further clarity to theindustry.

For example, the treatment of Ijarah which was originally issued in1995 is now being revised to give clarity on the accountingtreatment for lessee, while the previous version’s focus wastowards the requirements of the lessor. Another importantrevision was made in the Murabaha accounting treatment to bringclarity on recording inventories, COGS (cost of goods sold) and thetreatment of discounts.

AAOIFI is currently discussing the Shariah Compliance andFiduciary Ratings for Islamic financial institutions, WaqfGovernance, Internal Shariah Audit, and Sukuk Governancestandards with the major players in the industry.

The Future

At the current pace of growth the Islamic finance industry would not be able to cope up with Shariah compliance requirements keeping in viewthe shortage of qualified resources and the associated costs. The operational costs of running an Islamic financial institution are high due to thetransactional nature where a contract has to be executed at the right event and the right sequence. With the growth of an institution the needfor human resources also increases and it will become inevitable for a bank to automate its operations to reduce its dependency on humaninvolvement and interventions.

The system should be capable enough to support the Islamic contracts from inception till payo! and profit distribution. A key challenge aShariah team faces is validating the correct execution sequence of a contract. The standard conventional banking systems are designed to lendmoney and are unable to capture the transactional sequence of an Islamic contract, therefore the Compliance department has to rely solely onthe supporting documents which being entirely manual can be manipulated. For example, to avoid making e!ort a sta! can get both the o!erand acceptance of a Murabaha contract signed o! simultaneously by the customer and later on he can mention the dates. Such practices maynot get detected by the Compliance department and they may need additional validations to ensure full compliance. However, if the sametransaction is executed within the system with the proper sequence of events, it would become virtually impossible to manipulate the record.On the other hand, the Shariah Compliance department will also save its resources with online access to the executed transaction, thusreducing the overall costs and mainly the cost of travelling and branch visits.

iMAL Solution

iMAL has been designed specifically for the Islamic financeindustry and is not built over a conventional banking system.Hence, the structure of the entire system is completely di!erent.The transactions carried out in the system are based on asequence of events which are designed keeping in view theIslamic modes of finance. This Islamic core banking platform givesthe financial institution the flexibility to build new solutions, andscaling up without compromising on Shariah principles.

User Spotlight

Fact Box

Big Wins

Buzz Feed

Tech Talk

Learn & Develop

In The News

On The Road

#U s e rS P O T L I G H T

The recent completion of iMALMALIslamic core banking platformupgrade at Boubyan Bank Kuwait

FEB

282019

The successful upgrade of iMALMAL R14at Cihan Bank in Iraq

FEB

262019

The successful upgrade of iMALMALe-services for Internet & MobileBanking at Sohar Islamic in Oman

DEC

182018

$T e c hT A L K

An Outlook On Shariah Compliance

%F a c tB O X

A T A G L A N C E

! It takes continuous e!ort to maintain high customer satisfaction levels; we believe thatadvanced technology will help us deliver the exceptional service our customers expect from us.Through this recent iMAL modernization, we are better prepared to take advantage of the latestinnovations, a full functional coverage that is constantly enriched, and an ever-evolving andscalable architecture. I proudly salute both teams who, despite a very tight project schedule witha huge scope, were able to deliver the benefit and value expected, i.e. meeting performancerequirements and service levels, such as availability, reliability, and speed. "Adel Abdul Wahab Al-MajedVice-Chairman & Chief Executive O!icer

! At a time when Cihan Bank business volumes grow and its organization becomes morecomplex, we needed to protect our financial margins; Cihan Bank’s choice of the new iMAL Javaversion was a straightforward one. The outstanding level of e!iciency, performance andscalability of this version allowed our IT development team to refocus its energy on revenue-generating initiatives while keeping operating costs in check. This upgrade was a keydi!erentiator for our bank. Now that we are focusing on creating customer journeys thatspecifically translate to better customer experience, we will be initiating shortly our digitaltransformation by implementing a mix of digital technologies from Path Solutions to accelerateinnovation as part of our new expansion plans. "Naz BajgerDeputy General Manager

! We continue to build on the existing relationship with Path Solutions with the pastimplementations and the ongoing upgrades. The platforms have proven to be a great success forSohar Islamic, at the time of launch as well as with the consistent upgrades that we are adopting.All functionalities of the platform have been tested very systematically by both parties, and wehave experienced intensive and extensive support throughout the various phases of the projectfrom the iMAL team which has shown great professionalism and e!iciency; all of which hascontributed to the overall success of the project. "Mujahid Said Daud Al ZadjalyDeputy General Manager - IT & Alternate Channels

Shariah is a set of laws based on Islamic principles. It governs thepublic and private aspects of people living in an Islamic system.The regulations of the Shariah are derived primarily from theQuran (Holy Book of Muslims) and Sunnah (Dealings andTeachings of Prophet Mohammad - Peace be upon him).

The very objective of the Shariah is to promote the welfare of thepeople, which lies in safeguarding their faith, their life, theirintellect, their posterity and their wealth. It can be divided intotwo groups:

1. Regulations on faith, worship and ritual duties.2. Regulations on dealings with people, financial transactions

and contracts.

Nauman Ul. HassanProduct Manager - Shariah ComplianceProduct ManagementPath Solutions

Shariah Compliance

We will restrict our focus to the matters related to financial management and in specific complying with Shariah regulations in terms of theIslamic financial transactions.

The very core of Islamic finance is to avoid Riba or interest. In layman terms, a loan that derives any kind of benefit is termed as Riba. TheIslamic financial system is an alternate of conventional banking system based on transactions such as a sale, lease or partnership, having itsown specific operational procedures and risks.

To ensure an Islamic bank is operating within the prescribed Shariah framework, almost every Islamic financial institution has an in-houseShariah scholar or a board comprising of two to three Shariah scholars who advise the management and guide them to ensure the operationsremain within the parameters of Shariah. In certain countries, banks have a dedicated Shariah Audit and Compliance department whichmonitors the day-to-day operations of the bank.

Importance of Shariah Compliance

One of the major risks an Islamic financial institution carries is reputational risk. Customers place their trust in the institution expecting thereturns are being generated in a Shariah-compliant manner.

From an institution’s perspective, any noncompliance identified results in loss of profit since income generated from a transaction violating thecore of Shariah once identified is given away as a charity, a minor mistake in execution of the contract can make the transaction completelyimpermissible.

Every geographical area has its own set of regulations which guide Islamic financial institutions, although some practices may di!er in certainregions, but each practice has to be approved by the respective Shariah scholars.

In this regard, standardization of processes is already under development. AAOIFI has emerged as a global entity which has issued Shariah andaccounting standards a"er a rigorous process of evaluation of each standard by multiple scholars.

Recent AAOIFI Developments

Over the years, the Islamic product development has evolved tocater to the demand of new and advanced products for itsexpanding customer base. AAOIFI is keeping up with the pace ofthese new developments and has recently issued 12 newstandards related to Shariah, Accounting, Governance and Code ofEthics. Apart from working on new standards, AAOIFI is alsorevising its existing standards which will give further clarity to theindustry.

For example, the treatment of Ijarah which was originally issued in1995 is now being revised to give clarity on the accountingtreatment for lessee, while the previous version’s focus wastowards the requirements of the lessor. Another importantrevision was made in the Murabaha accounting treatment to bringclarity on recording inventories, COGS (cost of goods sold) and thetreatment of discounts.

AAOIFI is currently discussing the Shariah Compliance andFiduciary Ratings for Islamic financial institutions, WaqfGovernance, Internal Shariah Audit, and Sukuk Governancestandards with the major players in the industry.

The Future

At the current pace of growth the Islamic finance industry would not be able to cope up with Shariah compliance requirements keeping in viewthe shortage of qualified resources and the associated costs. The operational costs of running an Islamic financial institution are high due to thetransactional nature where a contract has to be executed at the right event and the right sequence. With the growth of an institution the needfor human resources also increases and it will become inevitable for a bank to automate its operations to reduce its dependency on humaninvolvement and interventions.

The system should be capable enough to support the Islamic contracts from inception till payo! and profit distribution. A key challenge aShariah team faces is validating the correct execution sequence of a contract. The standard conventional banking systems are designed to lendmoney and are unable to capture the transactional sequence of an Islamic contract, therefore the Compliance department has to rely solely onthe supporting documents which being entirely manual can be manipulated. For example, to avoid making e!ort a sta! can get both the o!erand acceptance of a Murabaha contract signed o! simultaneously by the customer and later on he can mention the dates. Such practices maynot get detected by the Compliance department and they may need additional validations to ensure full compliance. However, if the sametransaction is executed within the system with the proper sequence of events, it would become virtually impossible to manipulate the record.On the other hand, the Shariah Compliance department will also save its resources with online access to the executed transaction, thusreducing the overall costs and mainly the cost of travelling and branch visits.

iMAL Solution

iMAL has been designed specifically for the Islamic financeindustry and is not built over a conventional banking system.Hence, the structure of the entire system is completely di!erent.The transactions carried out in the system are based on asequence of events which are designed keeping in view theIslamic modes of finance. This Islamic core banking platform givesthe financial institution the flexibility to build new solutions, andscaling up without compromising on Shariah principles.

User Spotlight

Fact Box

Big Wins

Buzz Feed

Tech Talk

Learn & Develop

In The News

On The Road

#U s e rS P O T L I G H T

The recent completion of iMALMALIslamic core banking platformupgrade at Boubyan Bank Kuwait

FEB

282019

The successful upgrade of iMALMAL R14at Cihan Bank in Iraq

FEB

262019

The successful upgrade of iMALMALe-services for Internet & MobileBanking at Sohar Islamic in Oman

DEC

182018

$T e c hT A L K

An Outlook On Shariah Compliance

%F a c tB O X

A T A G L A N C E

! It takes continuous e!ort to maintain high customer satisfaction levels; we believe thatadvanced technology will help us deliver the exceptional service our customers expect from us.Through this recent iMAL modernization, we are better prepared to take advantage of the latestinnovations, a full functional coverage that is constantly enriched, and an ever-evolving andscalable architecture. I proudly salute both teams who, despite a very tight project schedule witha huge scope, were able to deliver the benefit and value expected, i.e. meeting performancerequirements and service levels, such as availability, reliability, and speed. "Adel Abdul Wahab Al-MajedVice-Chairman & Chief Executive O!icer

! At a time when Cihan Bank business volumes grow and its organization becomes morecomplex, we needed to protect our financial margins; Cihan Bank’s choice of the new iMAL Javaversion was a straightforward one. The outstanding level of e!iciency, performance andscalability of this version allowed our IT development team to refocus its energy on revenue-generating initiatives while keeping operating costs in check. This upgrade was a keydi!erentiator for our bank. Now that we are focusing on creating customer journeys thatspecifically translate to better customer experience, we will be initiating shortly our digitaltransformation by implementing a mix of digital technologies from Path Solutions to accelerateinnovation as part of our new expansion plans. "Naz BajgerDeputy General Manager

! We continue to build on the existing relationship with Path Solutions with the pastimplementations and the ongoing upgrades. The platforms have proven to be a great success forSohar Islamic, at the time of launch as well as with the consistent upgrades that we are adopting.All functionalities of the platform have been tested very systematically by both parties, and wehave experienced intensive and extensive support throughout the various phases of the projectfrom the iMAL team which has shown great professionalism and e!iciency; all of which hascontributed to the overall success of the project. "Mujahid Said Daud Al ZadjalyDeputy General Manager - IT & Alternate Channels

Shariah is a set of laws based on Islamic principles. It governs thepublic and private aspects of people living in an Islamic system.The regulations of the Shariah are derived primarily from theQuran (Holy Book of Muslims) and Sunnah (Dealings andTeachings of Prophet Mohammad - Peace be upon him).

The very objective of the Shariah is to promote the welfare of thepeople, which lies in safeguarding their faith, their life, theirintellect, their posterity and their wealth. It can be divided intotwo groups:

1. Regulations on faith, worship and ritual duties.2. Regulations on dealings with people, financial transactions

and contracts.

Nauman Ul. HassanProduct Manager - Shariah ComplianceProduct ManagementPath Solutions

Shariah Compliance

We will restrict our focus to the matters related to financial management and in specific complying with Shariah regulations in terms of theIslamic financial transactions.

The very core of Islamic finance is to avoid Riba or interest. In layman terms, a loan that derives any kind of benefit is termed as Riba. TheIslamic financial system is an alternate of conventional banking system based on transactions such as a sale, lease or partnership, having itsown specific operational procedures and risks.

To ensure an Islamic bank is operating within the prescribed Shariah framework, almost every Islamic financial institution has an in-houseShariah scholar or a board comprising of two to three Shariah scholars who advise the management and guide them to ensure the operationsremain within the parameters of Shariah. In certain countries, banks have a dedicated Shariah Audit and Compliance department whichmonitors the day-to-day operations of the bank.

Importance of Shariah Compliance

One of the major risks an Islamic financial institution carries is reputational risk. Customers place their trust in the institution expecting thereturns are being generated in a Shariah-compliant manner.

From an institution’s perspective, any noncompliance identified results in loss of profit since income generated from a transaction violating thecore of Shariah once identified is given away as a charity, a minor mistake in execution of the contract can make the transaction completelyimpermissible.

Every geographical area has its own set of regulations which guide Islamic financial institutions, although some practices may di!er in certainregions, but each practice has to be approved by the respective Shariah scholars.

In this regard, standardization of processes is already under development. AAOIFI has emerged as a global entity which has issued Shariah andaccounting standards a"er a rigorous process of evaluation of each standard by multiple scholars.

Recent AAOIFI Developments

Over the years, the Islamic product development has evolved tocater to the demand of new and advanced products for itsexpanding customer base. AAOIFI is keeping up with the pace ofthese new developments and has recently issued 12 newstandards related to Shariah, Accounting, Governance and Code ofEthics. Apart from working on new standards, AAOIFI is alsorevising its existing standards which will give further clarity to theindustry.

For example, the treatment of Ijarah which was originally issued in1995 is now being revised to give clarity on the accountingtreatment for lessee, while the previous version’s focus wastowards the requirements of the lessor. Another importantrevision was made in the Murabaha accounting treatment to bringclarity on recording inventories, COGS (cost of goods sold) and thetreatment of discounts.

AAOIFI is currently discussing the Shariah Compliance andFiduciary Ratings for Islamic financial institutions, WaqfGovernance, Internal Shariah Audit, and Sukuk Governancestandards with the major players in the industry.

The Future

At the current pace of growth the Islamic finance industry would not be able to cope up with Shariah compliance requirements keeping in viewthe shortage of qualified resources and the associated costs. The operational costs of running an Islamic financial institution are high due to thetransactional nature where a contract has to be executed at the right event and the right sequence. With the growth of an institution the needfor human resources also increases and it will become inevitable for a bank to automate its operations to reduce its dependency on humaninvolvement and interventions.

The system should be capable enough to support the Islamic contracts from inception till payo! and profit distribution. A key challenge aShariah team faces is validating the correct execution sequence of a contract. The standard conventional banking systems are designed to lendmoney and are unable to capture the transactional sequence of an Islamic contract, therefore the Compliance department has to rely solely onthe supporting documents which being entirely manual can be manipulated. For example, to avoid making e!ort a sta! can get both the o!erand acceptance of a Murabaha contract signed o! simultaneously by the customer and later on he can mention the dates. Such practices maynot get detected by the Compliance department and they may need additional validations to ensure full compliance. However, if the sametransaction is executed within the system with the proper sequence of events, it would become virtually impossible to manipulate the record.On the other hand, the Shariah Compliance department will also save its resources with online access to the executed transaction, thusreducing the overall costs and mainly the cost of travelling and branch visits.

iMAL Solution

iMAL has been designed specifically for the Islamic financeindustry and is not built over a conventional banking system.Hence, the structure of the entire system is completely di!erent.The transactions carried out in the system are based on asequence of events which are designed keeping in view theIslamic modes of finance. This Islamic core banking platform givesthe financial institution the flexibility to build new solutions, andscaling up without compromising on Shariah principles.

User Spotlight

Fact Box

Big Wins

Buzz Feed

Tech Talk

Learn & Develop

In The News

On The Road

#U s e rS P O T L I G H T

The recent completion of iMALMALIslamic core banking platformupgrade at Boubyan Bank Kuwait

FEB

282019

The successful upgrade of iMALMAL R14at Cihan Bank in Iraq

FEB

262019

The successful upgrade of iMALMALe-services for Internet & MobileBanking at Sohar Islamic in Oman

DEC

182018

$T e c hT A L K

An Outlook On Shariah Compliance

%F a c tB O X

Moody's - New research titled ‘Global Sovereign SukukIssuance to recover in 2019’:

Sovereign and supranational Sukuk issuance expected tosurpass all-time high of $93 billion by 2020

Deepening of Sukuk market will allow sovereigns todiversify their financing sources.

2019 Banking and Capital Markets Outlook:Reimagining Transformation

New HiresOrientation

Training

In December 2018, the Corporate Academy and the HR Department of Path Solutions jointlyorganized an orientation training to ensure organizational onboarding is done right for thebenefit of new hires. The training covered topics such as brief Corporate Overview, HRPolicies and Procedures, introduction to Islamic Finance, Banking and Investment,introduction of iMAL and iSHRAQ solutions, and basic training on SADS and iMALAccounting modules.

PatchManagement

Training

A Patch Management technical training was conducted for Path Solutions’ Global Support,Product Engineering, and Global Professional Services’ teams on January 2 , 2019.

The objective of the training is to impart to participants technical know-how to handle thistool e!ectively.

nd

CRM Business &Technical Trainings

Detailed sessions on the business side of the CRM module were arranged for selectedemployees at Path Solutions, followed by an evaluation test on February 12.

Another training and test on the technical side of the solution took place on March 5 & 6,with special focus on how to customize and configure CRM solutions.

iMAL Certificate Exam

The Corporate Academy of Path Solutions conducted ‘iMAL Certified Associate’ levelexaminations for Path Solutions’ employees. This was part of the iMAL CertificateExamination Program launched more than a year ago with the objective of testing theknowledge and competence of the company’s employees as well as iMAL users and certifythem accordingly.

Exams took place during the months of February/March 2019 in the di!erent branchlocations including Lebanon, Kuwait, Bahrain, Pakistan, Sudan and India. Certificationscovered the following six major modules:

iMAL Certified Associate - Customer Service ManagementiMAL Certified Associate - Islamic InvestiMAL Certified Associate - Islamic TreasuryiMAL Certified Associate - Facility ManagementiMAL Certified Associate - Trade FinanceiMAL Certified Associate - Accounting.

The ‘iMAL Certified Associate’ certification is an essential milestone for iMAL professionalsand a highly sought-a"er qualification o!ering a myriad of benefits to certified members intheir ongoing professional development and skill-building.

Becoming an ‘iMAL Certified Associate’ extends beyond the act of earning a formalqualification; it provides a rewarding challenge that will help enhance the member’sknowledge base, and demonstrates his commitment to a high standard of professionalism.

IslamicBusiness &

FinanceAwards 2018

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

Global FinanceSafest BankAward 2018

Top 50 Safest Banksin Emerging

Markets 2018

Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s 50 SafestBanks 2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

Middle East’s Top50 Safest Banks

2018

Oman Kuwait Kuwait Kuwait Kuwait Bahrain Oman

Global FinanceSafest BankAward 2018

Top 50 SafestCommercial Banks

2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s SafestBanks 2018 - Middle

East

Jordan Kuwait Jordan Kuwait Jordan Kuwait

IFN AwardsBest Banks

2018Sudan Syria Kuwait Lebanon Morocco Oman Palestine

&L e a r n &D E V E L O P

'B i gW I N S

Heartfelt Congratulations from Path Solutionsto our Award-Winning Clients

Moody's - New research titled ‘Global Sovereign SukukIssuance to recover in 2019’:

Sovereign and supranational Sukuk issuance expected tosurpass all-time high of $93 billion by 2020

Deepening of Sukuk market will allow sovereigns todiversify their financing sources.

2019 Banking and Capital Markets Outlook:Reimagining Transformation

New HiresOrientation

Training

In December 2018, the Corporate Academy and the HR Department of Path Solutions jointlyorganized an orientation training to ensure organizational onboarding is done right for thebenefit of new hires. The training covered topics such as brief Corporate Overview, HRPolicies and Procedures, introduction to Islamic Finance, Banking and Investment,introduction of iMAL and iSHRAQ solutions, and basic training on SADS and iMALAccounting modules.

PatchManagement

Training

A Patch Management technical training was conducted for Path Solutions’ Global Support,Product Engineering, and Global Professional Services’ teams on January 2 , 2019.

The objective of the training is to impart to participants technical know-how to handle thistool e!ectively.

nd

CRM Business &Technical Trainings

Detailed sessions on the business side of the CRM module were arranged for selectedemployees at Path Solutions, followed by an evaluation test on February 12.

Another training and test on the technical side of the solution took place on March 5 & 6,with special focus on how to customize and configure CRM solutions.

iMAL Certificate Exam

The Corporate Academy of Path Solutions conducted ‘iMAL Certified Associate’ levelexaminations for Path Solutions’ employees. This was part of the iMAL CertificateExamination Program launched more than a year ago with the objective of testing theknowledge and competence of the company’s employees as well as iMAL users and certifythem accordingly.

Exams took place during the months of February/March 2019 in the di!erent branchlocations including Lebanon, Kuwait, Bahrain, Pakistan, Sudan and India. Certificationscovered the following six major modules:

iMAL Certified Associate - Customer Service ManagementiMAL Certified Associate - Islamic InvestiMAL Certified Associate - Islamic TreasuryiMAL Certified Associate - Facility ManagementiMAL Certified Associate - Trade FinanceiMAL Certified Associate - Accounting.

The ‘iMAL Certified Associate’ certification is an essential milestone for iMAL professionalsand a highly sought-a"er qualification o!ering a myriad of benefits to certified members intheir ongoing professional development and skill-building.

Becoming an ‘iMAL Certified Associate’ extends beyond the act of earning a formalqualification; it provides a rewarding challenge that will help enhance the member’sknowledge base, and demonstrates his commitment to a high standard of professionalism.

IslamicBusiness &

FinanceAwards 2018

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

Global FinanceSafest BankAward 2018

Top 50 Safest Banksin Emerging

Markets 2018

Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s 50 SafestBanks 2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

Middle East’s Top50 Safest Banks

2018

Oman Kuwait Kuwait Kuwait Kuwait Bahrain Oman

Global FinanceSafest BankAward 2018

Top 50 SafestCommercial Banks

2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s SafestBanks 2018 - Middle

East

Jordan Kuwait Jordan Kuwait Jordan Kuwait

IFN AwardsBest Banks

2018Sudan Syria Kuwait Lebanon Morocco Oman Palestine

&L e a r n &D E V E L O P

'B i gW I N S

Heartfelt Congratulations from Path Solutionsto our Award-Winning Clients

Moody's - New research titled ‘Global Sovereign SukukIssuance to recover in 2019’:

Sovereign and supranational Sukuk issuance expected tosurpass all-time high of $93 billion by 2020

Deepening of Sukuk market will allow sovereigns todiversify their financing sources.

2019 Banking and Capital Markets Outlook:Reimagining Transformation

New HiresOrientation

Training

In December 2018, the Corporate Academy and the HR Department of Path Solutions jointlyorganized an orientation training to ensure organizational onboarding is done right for thebenefit of new hires. The training covered topics such as brief Corporate Overview, HRPolicies and Procedures, introduction to Islamic Finance, Banking and Investment,introduction of iMAL and iSHRAQ solutions, and basic training on SADS and iMALAccounting modules.

PatchManagement

Training

A Patch Management technical training was conducted for Path Solutions’ Global Support,Product Engineering, and Global Professional Services’ teams on January 2 , 2019.

The objective of the training is to impart to participants technical know-how to handle thistool e!ectively.

nd

CRM Business &Technical Trainings

Detailed sessions on the business side of the CRM module were arranged for selectedemployees at Path Solutions, followed by an evaluation test on February 12.

Another training and test on the technical side of the solution took place on March 5 & 6,with special focus on how to customize and configure CRM solutions.

iMAL Certificate Exam

The Corporate Academy of Path Solutions conducted ‘iMAL Certified Associate’ levelexaminations for Path Solutions’ employees. This was part of the iMAL CertificateExamination Program launched more than a year ago with the objective of testing theknowledge and competence of the company’s employees as well as iMAL users and certifythem accordingly.

Exams took place during the months of February/March 2019 in the di!erent branchlocations including Lebanon, Kuwait, Bahrain, Pakistan, Sudan and India. Certificationscovered the following six major modules:

iMAL Certified Associate - Customer Service ManagementiMAL Certified Associate - Islamic InvestiMAL Certified Associate - Islamic TreasuryiMAL Certified Associate - Facility ManagementiMAL Certified Associate - Trade FinanceiMAL Certified Associate - Accounting.

The ‘iMAL Certified Associate’ certification is an essential milestone for iMAL professionalsand a highly sought-a"er qualification o!ering a myriad of benefits to certified members intheir ongoing professional development and skill-building.

Becoming an ‘iMAL Certified Associate’ extends beyond the act of earning a formalqualification; it provides a rewarding challenge that will help enhance the member’sknowledge base, and demonstrates his commitment to a high standard of professionalism.

IslamicBusiness &

FinanceAwards 2018

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

Global FinanceSafest BankAward 2018

Top 50 Safest Banksin Emerging

Markets 2018

Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s 50 SafestBanks 2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

Middle East’s Top50 Safest Banks

2018

Oman Kuwait Kuwait Kuwait Kuwait Bahrain Oman

Global FinanceSafest BankAward 2018

Top 50 SafestCommercial Banks

2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s SafestBanks 2018 - Middle

East

Jordan Kuwait Jordan Kuwait Jordan Kuwait

IFN AwardsBest Banks

2018Sudan Syria Kuwait Lebanon Morocco Oman Palestine

&L e a r n &D E V E L O P

'B i gW I N S

Heartfelt Congratulations from Path Solutionsto our Award-Winning Clients

Moody's - New research titled ‘Global Sovereign SukukIssuance to recover in 2019’:

Sovereign and supranational Sukuk issuance expected tosurpass all-time high of $93 billion by 2020

Deepening of Sukuk market will allow sovereigns todiversify their financing sources.

2019 Banking and Capital Markets Outlook:Reimagining Transformation

New HiresOrientation

Training

In December 2018, the Corporate Academy and the HR Department of Path Solutions jointlyorganized an orientation training to ensure organizational onboarding is done right for thebenefit of new hires. The training covered topics such as brief Corporate Overview, HRPolicies and Procedures, introduction to Islamic Finance, Banking and Investment,introduction of iMAL and iSHRAQ solutions, and basic training on SADS and iMALAccounting modules.

PatchManagement

Training

A Patch Management technical training was conducted for Path Solutions’ Global Support,Product Engineering, and Global Professional Services’ teams on January 2 , 2019.

The objective of the training is to impart to participants technical know-how to handle thistool e!ectively.

nd

CRM Business &Technical Trainings

Detailed sessions on the business side of the CRM module were arranged for selectedemployees at Path Solutions, followed by an evaluation test on February 12.

Another training and test on the technical side of the solution took place on March 5 & 6,with special focus on how to customize and configure CRM solutions.

iMAL Certificate Exam

The Corporate Academy of Path Solutions conducted ‘iMAL Certified Associate’ levelexaminations for Path Solutions’ employees. This was part of the iMAL CertificateExamination Program launched more than a year ago with the objective of testing theknowledge and competence of the company’s employees as well as iMAL users and certifythem accordingly.

Exams took place during the months of February/March 2019 in the di!erent branchlocations including Lebanon, Kuwait, Bahrain, Pakistan, Sudan and India. Certificationscovered the following six major modules:

iMAL Certified Associate - Customer Service ManagementiMAL Certified Associate - Islamic InvestiMAL Certified Associate - Islamic TreasuryiMAL Certified Associate - Facility ManagementiMAL Certified Associate - Trade FinanceiMAL Certified Associate - Accounting.

The ‘iMAL Certified Associate’ certification is an essential milestone for iMAL professionalsand a highly sought-a"er qualification o!ering a myriad of benefits to certified members intheir ongoing professional development and skill-building.

Becoming an ‘iMAL Certified Associate’ extends beyond the act of earning a formalqualification; it provides a rewarding challenge that will help enhance the member’sknowledge base, and demonstrates his commitment to a high standard of professionalism.

IslamicBusiness &

FinanceAwards 2018

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

Global FinanceSafest BankAward 2018

Top 50 Safest Banksin Emerging

Markets 2018

Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s 50 SafestBanks 2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

Middle East’s Top50 Safest Banks

2018

Oman Kuwait Kuwait Kuwait Kuwait Bahrain Oman

Global FinanceSafest BankAward 2018

Top 50 SafestCommercial Banks

2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s SafestBanks 2018 - Middle

East

Jordan Kuwait Jordan Kuwait Jordan Kuwait

IFN AwardsBest Banks

2018Sudan Syria Kuwait Lebanon Morocco Oman Palestine

&L e a r n &D E V E L O P

'B i gW I N S

Heartfelt Congratulations from Path Solutionsto our Award-Winning Clients

Moody's - New research titled ‘Global Sovereign SukukIssuance to recover in 2019’:

Sovereign and supranational Sukuk issuance expected tosurpass all-time high of $93 billion by 2020

Deepening of Sukuk market will allow sovereigns todiversify their financing sources.

2019 Banking and Capital Markets Outlook:Reimagining Transformation

New HiresOrientation

Training

In December 2018, the Corporate Academy and the HR Department of Path Solutions jointlyorganized an orientation training to ensure organizational onboarding is done right for thebenefit of new hires. The training covered topics such as brief Corporate Overview, HRPolicies and Procedures, introduction to Islamic Finance, Banking and Investment,introduction of iMAL and iSHRAQ solutions, and basic training on SADS and iMALAccounting modules.

PatchManagement

Training

A Patch Management technical training was conducted for Path Solutions’ Global Support,Product Engineering, and Global Professional Services’ teams on January 2 , 2019.

The objective of the training is to impart to participants technical know-how to handle thistool e!ectively.

nd

CRM Business &Technical Trainings

Detailed sessions on the business side of the CRM module were arranged for selectedemployees at Path Solutions, followed by an evaluation test on February 12.

Another training and test on the technical side of the solution took place on March 5 & 6,with special focus on how to customize and configure CRM solutions.

iMAL Certificate Exam

The Corporate Academy of Path Solutions conducted ‘iMAL Certified Associate’ levelexaminations for Path Solutions’ employees. This was part of the iMAL CertificateExamination Program launched more than a year ago with the objective of testing theknowledge and competence of the company’s employees as well as iMAL users and certifythem accordingly.

Exams took place during the months of February/March 2019 in the di!erent branchlocations including Lebanon, Kuwait, Bahrain, Pakistan, Sudan and India. Certificationscovered the following six major modules:

iMAL Certified Associate - Customer Service ManagementiMAL Certified Associate - Islamic InvestiMAL Certified Associate - Islamic TreasuryiMAL Certified Associate - Facility ManagementiMAL Certified Associate - Trade FinanceiMAL Certified Associate - Accounting.

The ‘iMAL Certified Associate’ certification is an essential milestone for iMAL professionalsand a highly sought-a"er qualification o!ering a myriad of benefits to certified members intheir ongoing professional development and skill-building.

Becoming an ‘iMAL Certified Associate’ extends beyond the act of earning a formalqualification; it provides a rewarding challenge that will help enhance the member’sknowledge base, and demonstrates his commitment to a high standard of professionalism.

IslamicBusiness &

FinanceAwards 2018

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

Global FinanceSafest BankAward 2018

Top 50 Safest Banksin Emerging

Markets 2018

Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s 50 SafestBanks 2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

Middle East’s Top50 Safest Banks

2018

Oman Kuwait Kuwait Kuwait Kuwait Bahrain Oman

Global FinanceSafest BankAward 2018

Top 50 SafestCommercial Banks

2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s SafestBanks 2018 - Middle

East

Jordan Kuwait Jordan Kuwait Jordan Kuwait

IFN AwardsBest Banks

2018Sudan Syria Kuwait Lebanon Morocco Oman Palestine

&L e a r n &D E V E L O P

'B i gW I N S

Heartfelt Congratulations from Path Solutionsto our Award-Winning Clients

Moody's - New research titled ‘Global Sovereign SukukIssuance to recover in 2019’:

Sovereign and supranational Sukuk issuance expected tosurpass all-time high of $93 billion by 2020

Deepening of Sukuk market will allow sovereigns todiversify their financing sources.

2019 Banking and Capital Markets Outlook:Reimagining Transformation

New HiresOrientation

Training

In December 2018, the Corporate Academy and the HR Department of Path Solutions jointlyorganized an orientation training to ensure organizational onboarding is done right for thebenefit of new hires. The training covered topics such as brief Corporate Overview, HRPolicies and Procedures, introduction to Islamic Finance, Banking and Investment,introduction of iMAL and iSHRAQ solutions, and basic training on SADS and iMALAccounting modules.

PatchManagement

Training

A Patch Management technical training was conducted for Path Solutions’ Global Support,Product Engineering, and Global Professional Services’ teams on January 2 , 2019.

The objective of the training is to impart to participants technical know-how to handle thistool e!ectively.

nd

CRM Business &Technical Trainings

Detailed sessions on the business side of the CRM module were arranged for selectedemployees at Path Solutions, followed by an evaluation test on February 12.

Another training and test on the technical side of the solution took place on March 5 & 6,with special focus on how to customize and configure CRM solutions.

iMAL Certificate Exam

The Corporate Academy of Path Solutions conducted ‘iMAL Certified Associate’ levelexaminations for Path Solutions’ employees. This was part of the iMAL CertificateExamination Program launched more than a year ago with the objective of testing theknowledge and competence of the company’s employees as well as iMAL users and certifythem accordingly.

Exams took place during the months of February/March 2019 in the di!erent branchlocations including Lebanon, Kuwait, Bahrain, Pakistan, Sudan and India. Certificationscovered the following six major modules:

iMAL Certified Associate - Customer Service ManagementiMAL Certified Associate - Islamic InvestiMAL Certified Associate - Islamic TreasuryiMAL Certified Associate - Facility ManagementiMAL Certified Associate - Trade FinanceiMAL Certified Associate - Accounting.

The ‘iMAL Certified Associate’ certification is an essential milestone for iMAL professionalsand a highly sought-a"er qualification o!ering a myriad of benefits to certified members intheir ongoing professional development and skill-building.

Becoming an ‘iMAL Certified Associate’ extends beyond the act of earning a formalqualification; it provides a rewarding challenge that will help enhance the member’sknowledge base, and demonstrates his commitment to a high standard of professionalism.

IslamicBusiness &

FinanceAwards 2018

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

Global FinanceSafest BankAward 2018

Top 50 Safest Banksin Emerging

Markets 2018

Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s 50 SafestBanks 2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

Middle East’s Top50 Safest Banks

2018

Oman Kuwait Kuwait Kuwait Kuwait Bahrain Oman

Global FinanceSafest BankAward 2018

Top 50 SafestCommercial Banks

2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s SafestBanks 2018 - Middle

East

Jordan Kuwait Jordan Kuwait Jordan Kuwait

IFN AwardsBest Banks

2018Sudan Syria Kuwait Lebanon Morocco Oman Palestine

&L e a r n &D E V E L O P

'B i gW I N S

Heartfelt Congratulations from Path Solutionsto our Award-Winning Clients

Moody's - New research titled ‘Global Sovereign SukukIssuance to recover in 2019’:

Sovereign and supranational Sukuk issuance expected tosurpass all-time high of $93 billion by 2020

Deepening of Sukuk market will allow sovereigns todiversify their financing sources.

2019 Banking and Capital Markets Outlook:Reimagining Transformation

New HiresOrientation

Training

In December 2018, the Corporate Academy and the HR Department of Path Solutions jointlyorganized an orientation training to ensure organizational onboarding is done right for thebenefit of new hires. The training covered topics such as brief Corporate Overview, HRPolicies and Procedures, introduction to Islamic Finance, Banking and Investment,introduction of iMAL and iSHRAQ solutions, and basic training on SADS and iMALAccounting modules.

PatchManagement

Training

A Patch Management technical training was conducted for Path Solutions’ Global Support,Product Engineering, and Global Professional Services’ teams on January 2 , 2019.

The objective of the training is to impart to participants technical know-how to handle thistool e!ectively.

nd

CRM Business &Technical Trainings

Detailed sessions on the business side of the CRM module were arranged for selectedemployees at Path Solutions, followed by an evaluation test on February 12.

Another training and test on the technical side of the solution took place on March 5 & 6,with special focus on how to customize and configure CRM solutions.

iMAL Certificate Exam

The Corporate Academy of Path Solutions conducted ‘iMAL Certified Associate’ levelexaminations for Path Solutions’ employees. This was part of the iMAL CertificateExamination Program launched more than a year ago with the objective of testing theknowledge and competence of the company’s employees as well as iMAL users and certifythem accordingly.

Exams took place during the months of February/March 2019 in the di!erent branchlocations including Lebanon, Kuwait, Bahrain, Pakistan, Sudan and India. Certificationscovered the following six major modules:

iMAL Certified Associate - Customer Service ManagementiMAL Certified Associate - Islamic InvestiMAL Certified Associate - Islamic TreasuryiMAL Certified Associate - Facility ManagementiMAL Certified Associate - Trade FinanceiMAL Certified Associate - Accounting.

The ‘iMAL Certified Associate’ certification is an essential milestone for iMAL professionalsand a highly sought-a"er qualification o!ering a myriad of benefits to certified members intheir ongoing professional development and skill-building.

Becoming an ‘iMAL Certified Associate’ extends beyond the act of earning a formalqualification; it provides a rewarding challenge that will help enhance the member’sknowledge base, and demonstrates his commitment to a high standard of professionalism.

IslamicBusiness &

FinanceAwards 2018

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

Global FinanceSafest BankAward 2018

Top 50 Safest Banksin Emerging

Markets 2018

Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s 50 SafestBanks 2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

Middle East’s Top50 Safest Banks

2018

Oman Kuwait Kuwait Kuwait Kuwait Bahrain Oman

Global FinanceSafest BankAward 2018

Top 50 SafestCommercial Banks

2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s SafestBanks 2018 - Middle

East

Jordan Kuwait Jordan Kuwait Jordan Kuwait

IFN AwardsBest Banks

2018Sudan Syria Kuwait Lebanon Morocco Oman Palestine

&L e a r n &D E V E L O P

'B i gW I N S

Heartfelt Congratulations from Path Solutionsto our Award-Winning Clients

Moody's - New research titled ‘Global Sovereign SukukIssuance to recover in 2019’:

Sovereign and supranational Sukuk issuance expected tosurpass all-time high of $93 billion by 2020

Deepening of Sukuk market will allow sovereigns todiversify their financing sources.

2019 Banking and Capital Markets Outlook:Reimagining Transformation

New HiresOrientation

Training

In December 2018, the Corporate Academy and the HR Department of Path Solutions jointlyorganized an orientation training to ensure organizational onboarding is done right for thebenefit of new hires. The training covered topics such as brief Corporate Overview, HRPolicies and Procedures, introduction to Islamic Finance, Banking and Investment,introduction of iMAL and iSHRAQ solutions, and basic training on SADS and iMALAccounting modules.

PatchManagement

Training

A Patch Management technical training was conducted for Path Solutions’ Global Support,Product Engineering, and Global Professional Services’ teams on January 2 , 2019.

The objective of the training is to impart to participants technical know-how to handle thistool e!ectively.

nd

CRM Business &Technical Trainings

Detailed sessions on the business side of the CRM module were arranged for selectedemployees at Path Solutions, followed by an evaluation test on February 12.

Another training and test on the technical side of the solution took place on March 5 & 6,with special focus on how to customize and configure CRM solutions.

iMAL Certificate Exam

The Corporate Academy of Path Solutions conducted ‘iMAL Certified Associate’ levelexaminations for Path Solutions’ employees. This was part of the iMAL CertificateExamination Program launched more than a year ago with the objective of testing theknowledge and competence of the company’s employees as well as iMAL users and certifythem accordingly.

Exams took place during the months of February/March 2019 in the di!erent branchlocations including Lebanon, Kuwait, Bahrain, Pakistan, Sudan and India. Certificationscovered the following six major modules:

iMAL Certified Associate - Customer Service ManagementiMAL Certified Associate - Islamic InvestiMAL Certified Associate - Islamic TreasuryiMAL Certified Associate - Facility ManagementiMAL Certified Associate - Trade FinanceiMAL Certified Associate - Accounting.

The ‘iMAL Certified Associate’ certification is an essential milestone for iMAL professionalsand a highly sought-a"er qualification o!ering a myriad of benefits to certified members intheir ongoing professional development and skill-building.

Becoming an ‘iMAL Certified Associate’ extends beyond the act of earning a formalqualification; it provides a rewarding challenge that will help enhance the member’sknowledge base, and demonstrates his commitment to a high standard of professionalism.

IslamicBusiness &

FinanceAwards 2018

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

Global FinanceSafest BankAward 2018

Top 50 Safest Banksin Emerging

Markets 2018

Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s 50 SafestBanks 2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

Middle East’s Top50 Safest Banks

2018

Oman Kuwait Kuwait Kuwait Kuwait Bahrain Oman

Global FinanceSafest BankAward 2018

Top 50 SafestCommercial Banks

2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s SafestBanks 2018 - Middle

East

Jordan Kuwait Jordan Kuwait Jordan Kuwait

IFN AwardsBest Banks

2018Sudan Syria Kuwait Lebanon Morocco Oman Palestine

&L e a r n &D E V E L O P

'B i gW I N S

Heartfelt Congratulations from Path Solutionsto our Award-Winning Clients

Moody's - New research titled ‘Global Sovereign SukukIssuance to recover in 2019’:

Sovereign and supranational Sukuk issuance expected tosurpass all-time high of $93 billion by 2020

Deepening of Sukuk market will allow sovereigns todiversify their financing sources.

2019 Banking and Capital Markets Outlook:Reimagining Transformation

New HiresOrientation

Training

In December 2018, the Corporate Academy and the HR Department of Path Solutions jointlyorganized an orientation training to ensure organizational onboarding is done right for thebenefit of new hires. The training covered topics such as brief Corporate Overview, HRPolicies and Procedures, introduction to Islamic Finance, Banking and Investment,introduction of iMAL and iSHRAQ solutions, and basic training on SADS and iMALAccounting modules.

PatchManagement

Training

A Patch Management technical training was conducted for Path Solutions’ Global Support,Product Engineering, and Global Professional Services’ teams on January 2 , 2019.

The objective of the training is to impart to participants technical know-how to handle thistool e!ectively.

nd

CRM Business &Technical Trainings

Detailed sessions on the business side of the CRM module were arranged for selectedemployees at Path Solutions, followed by an evaluation test on February 12.

Another training and test on the technical side of the solution took place on March 5 & 6,with special focus on how to customize and configure CRM solutions.

iMAL Certificate Exam

The Corporate Academy of Path Solutions conducted ‘iMAL Certified Associate’ levelexaminations for Path Solutions’ employees. This was part of the iMAL CertificateExamination Program launched more than a year ago with the objective of testing theknowledge and competence of the company’s employees as well as iMAL users and certifythem accordingly.

Exams took place during the months of February/March 2019 in the di!erent branchlocations including Lebanon, Kuwait, Bahrain, Pakistan, Sudan and India. Certificationscovered the following six major modules:

iMAL Certified Associate - Customer Service ManagementiMAL Certified Associate - Islamic InvestiMAL Certified Associate - Islamic TreasuryiMAL Certified Associate - Facility ManagementiMAL Certified Associate - Trade FinanceiMAL Certified Associate - Accounting.

The ‘iMAL Certified Associate’ certification is an essential milestone for iMAL professionalsand a highly sought-a"er qualification o!ering a myriad of benefits to certified members intheir ongoing professional development and skill-building.

Becoming an ‘iMAL Certified Associate’ extends beyond the act of earning a formalqualification; it provides a rewarding challenge that will help enhance the member’sknowledge base, and demonstrates his commitment to a high standard of professionalism.

IslamicBusiness &

FinanceAwards 2018

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

Global FinanceSafest BankAward 2018

Top 50 Safest Banksin Emerging

Markets 2018

Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s 50 SafestBanks 2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

Middle East’s Top50 Safest Banks

2018

Oman Kuwait Kuwait Kuwait Kuwait Bahrain Oman

Global FinanceSafest BankAward 2018

Top 50 SafestCommercial Banks

2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s SafestBanks 2018 - Middle

East

Jordan Kuwait Jordan Kuwait Jordan Kuwait

IFN AwardsBest Banks

2018Sudan Syria Kuwait Lebanon Morocco Oman Palestine

&L e a r n &D E V E L O P

'B i gW I N S

Heartfelt Congratulations from Path Solutionsto our Award-Winning Clients

Moody's - New research titled ‘Global Sovereign SukukIssuance to recover in 2019’:

Sovereign and supranational Sukuk issuance expected tosurpass all-time high of $93 billion by 2020

Deepening of Sukuk market will allow sovereigns todiversify their financing sources.

2019 Banking and Capital Markets Outlook:Reimagining Transformation

New HiresOrientation

Training

In December 2018, the Corporate Academy and the HR Department of Path Solutions jointlyorganized an orientation training to ensure organizational onboarding is done right for thebenefit of new hires. The training covered topics such as brief Corporate Overview, HRPolicies and Procedures, introduction to Islamic Finance, Banking and Investment,introduction of iMAL and iSHRAQ solutions, and basic training on SADS and iMALAccounting modules.

PatchManagement

Training

A Patch Management technical training was conducted for Path Solutions’ Global Support,Product Engineering, and Global Professional Services’ teams on January 2 , 2019.

The objective of the training is to impart to participants technical know-how to handle thistool e!ectively.

nd

CRM Business &Technical Trainings

Detailed sessions on the business side of the CRM module were arranged for selectedemployees at Path Solutions, followed by an evaluation test on February 12.

Another training and test on the technical side of the solution took place on March 5 & 6,with special focus on how to customize and configure CRM solutions.

iMAL Certificate Exam

The Corporate Academy of Path Solutions conducted ‘iMAL Certified Associate’ levelexaminations for Path Solutions’ employees. This was part of the iMAL CertificateExamination Program launched more than a year ago with the objective of testing theknowledge and competence of the company’s employees as well as iMAL users and certifythem accordingly.

Exams took place during the months of February/March 2019 in the di!erent branchlocations including Lebanon, Kuwait, Bahrain, Pakistan, Sudan and India. Certificationscovered the following six major modules:

iMAL Certified Associate - Customer Service ManagementiMAL Certified Associate - Islamic InvestiMAL Certified Associate - Islamic TreasuryiMAL Certified Associate - Facility ManagementiMAL Certified Associate - Trade FinanceiMAL Certified Associate - Accounting.

The ‘iMAL Certified Associate’ certification is an essential milestone for iMAL professionalsand a highly sought-a"er qualification o!ering a myriad of benefits to certified members intheir ongoing professional development and skill-building.

Becoming an ‘iMAL Certified Associate’ extends beyond the act of earning a formalqualification; it provides a rewarding challenge that will help enhance the member’sknowledge base, and demonstrates his commitment to a high standard of professionalism.

IslamicBusiness &

FinanceAwards 2018

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

BestBranding -

Kuwait

Best CSR inIslamic

Banking -Syria

Best IslamicBank - Syria

Best IslamicBank -

Lebanon

Global FinanceSafest BankAward 2018

Top 50 Safest Banksin Emerging

Markets 2018

Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s 50 SafestBanks 2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

Middle East’s Top50 Safest Banks

2018

Oman Kuwait Kuwait Kuwait Kuwait Bahrain Oman

Global FinanceSafest BankAward 2018

Top 50 SafestCommercial Banks

2018

Kuwait Kuwait Kuwait

Global FinanceSafest BankAward 2018

World’s SafestBanks 2018 - Middle

East

Jordan Kuwait Jordan Kuwait Jordan Kuwait

IFN AwardsBest Banks

2018Sudan Syria Kuwait Lebanon Morocco Oman Palestine

&L e a r n &D E V E L O P

'B i gW I N S

Heartfelt Congratulations from Path Solutionsto our Award-Winning Clients

Cfi.co Awards2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Global FinanceBest Trade

FinanceProvider 2019

Regional Winner

Middle East Middle East Middle East

Global FinanceBest Trade

FinanceProvider 2019

Country Winners

Oman Jordan Kuwait Oman Jordan Kuwait Oman

Global Banking& Finance

Awards 2018

BestCorporate

Bank Oman2018

FastestGrowing

Islamic RetailBank Oman

2018

Best RetailBank

Bahrain 2018

Best CSRBank Group

Bahrain 2018

Best InvestorRelations

BankBahrain 2018

Best BankingLeadership(Mr. Adnan

AhmedYousif)

Bahrain 2018

Best M&ADeal

(Zain &Americana)Kuwait 2018

Best AssetManager

Kuwait 2018

BestInvestmentCompany

Kuwait 2018

Best BankingCEO

(Mr. MohamedEl Kettani)Morocco

2018

FastestGrowing

Islamic RetailBank Nigeria

2018

TatweejAcademyExcellence

Awards 2018

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

Service HeroAwards 2018

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

With the Islamic debt capital market space going from strength tostrength, as well as the global Sukuk issuance that is expected toreach US$90-100 billion by the end of 2019, the IFN World LeadersSummit 2019 took place on March 10 in Dubai – UAE to discussthe growth potential of the industry, where Mohammed Kateeb,the Group Chairman & CEO of Path Solutions intervened in thesession entitled ‘Building Successful Fintech Ecosystems andAssessing the Evolving Role of Technology in Finance’.

th

Path Solutions is pleased to announce that it has recentlycompleted the successful upgrade of iMAL Islamic core bankingplatform at Boubyan Bank.

The bank’s decision to upgrade to the new iMAL R14 versioncomes as an important part of a plan to transform the bank intoan all-digital platform to deliver e!iciency, enhanced customerexperience and lower operational costs. This upgrade supportsthe bank’s ambition to continue being the undisputed leader ino!ering digital services to its customers. In addition, the newplatform will enhance performance and reduce time-to-market fornew products.

Dubai-based McKinsey & Co. was engaged as the trusted advisorand counselor to Boubyan Bank on this critical venture fordecision-making and during the build-up and implementationphases, and was integral to the project success.

Path Solutions announced that its world-class core bankingplatform - iMAL has achieved Powered by Oracle Cloud status andis now available in the Oracle Cloud Marketplace o!ering addedvalue to Oracle Cloud customers. iMAL enables measurablebusiness value and increased productivity, while providing theagility and economy of scale of the public cloud with Oracle CloudInfrastructure, Oracle Database Cloud Service, and Oracle JavaCloud Service.

Path Solutions announced the signing of a partnership agreementwith Tahoor Technologies Pvt. Ltd. for its flagship ‘Tahoor InternalShariah Audit So"ware’ developed specifically for Islamicfinancial institutions.

Tahoor Shariah Audit is a comprehensive, state-of-the-art, internalShariah audit so"ware system that increases the e!ectivenessand e!iciency of internal Shariah audit processes of Islamicfinancial institutions, by providing automated auditing tools builton the risk-based audit methodology.

From 28 - 31 January, Cairo’s Cybersecurity Workshop wasdelivered by industry experts who shared their expertise andknow-how with the aim of finding out the best solutions for theprotection of ICT infrastructure.

Abdo Chalhoub, Executive Vice President - ICT ProfessionalServices at Path Solutions took part as a speaker and delivered aninteresting speech on cybersecurity governance, standards, andbest practices.

The forum which was held in Beirut on Friday 18 January wasorganized by AUB in collaboration with CMS Experiment. Itbrought together over 300 international participants from thecorporate, academic, IT and government sectors.

At the forum, Abdo Chalhoub, EVP ICT Professional Services, PathSolutions discussed the ‘Cyber Security Market Needs’. During hisintervention, Chalhoub shared his experience and elaborated onthe latest cyber security threats, challenges, trends, and state-of-the-art solutions.

Organized by the Union of Arab Banks in collaboration with theCentral Bank of Iraq and the Iraqi Private Banks League, ‘IraqCybersecurity Workshop’ was held on 9 - 11 December inBaghdad, where Abdo Chalhoub, EVP - ICT Professional Servicesat Path Solutions has given presentations, with comprehensivecoverage of standards and best practices and hands-onexperience of the IT and business practitioners, to facilitate theadoption of security standards and frameworks.

(I n T h eN E W S

Kateeb, guest speaker at IFN WorldLeaders Summit 2019

MAR

122019

Boubyan Bank successfully completesiMALMAL Islamic core banking platformupgrade

FEB

282019

iMALMAL powered by Oracle CloudFEB

202019

Path Solutions announces partnershipagreement withTahoor Technologies

FEB

42019

Cybersecurity betweenStandards & Practices Workshop

FEB

22019

1st Cyber Security Day in LebanonJAN

202019

Iraq Cybersecurity WorkshopDEC

142018

Cfi.co Awards2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Global FinanceBest Trade

FinanceProvider 2019

Regional Winner

Middle East Middle East Middle East

Global FinanceBest Trade

FinanceProvider 2019

Country Winners

Oman Jordan Kuwait Oman Jordan Kuwait Oman

Global Banking& Finance

Awards 2018

BestCorporate

Bank Oman2018

FastestGrowing

Islamic RetailBank Oman

2018

Best RetailBank

Bahrain 2018

Best CSRBank Group

Bahrain 2018

Best InvestorRelations

BankBahrain 2018

Best BankingLeadership(Mr. Adnan

AhmedYousif)

Bahrain 2018

Best M&ADeal

(Zain &Americana)Kuwait 2018

Best AssetManager

Kuwait 2018

BestInvestmentCompany

Kuwait 2018

Best BankingCEO

(Mr. MohamedEl Kettani)Morocco

2018

FastestGrowing

Islamic RetailBank Nigeria

2018

TatweejAcademyExcellence

Awards 2018

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

Service HeroAwards 2018

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

With the Islamic debt capital market space going from strength tostrength, as well as the global Sukuk issuance that is expected toreach US$90-100 billion by the end of 2019, the IFN World LeadersSummit 2019 took place on March 10 in Dubai – UAE to discussthe growth potential of the industry, where Mohammed Kateeb,the Group Chairman & CEO of Path Solutions intervened in thesession entitled ‘Building Successful Fintech Ecosystems andAssessing the Evolving Role of Technology in Finance’.

th

Path Solutions is pleased to announce that it has recentlycompleted the successful upgrade of iMAL Islamic core bankingplatform at Boubyan Bank.

The bank’s decision to upgrade to the new iMAL R14 versioncomes as an important part of a plan to transform the bank intoan all-digital platform to deliver e!iciency, enhanced customerexperience and lower operational costs. This upgrade supportsthe bank’s ambition to continue being the undisputed leader ino!ering digital services to its customers. In addition, the newplatform will enhance performance and reduce time-to-market fornew products.

Dubai-based McKinsey & Co. was engaged as the trusted advisorand counselor to Boubyan Bank on this critical venture fordecision-making and during the build-up and implementationphases, and was integral to the project success.

Path Solutions announced that its world-class core bankingplatform - iMAL has achieved Powered by Oracle Cloud status andis now available in the Oracle Cloud Marketplace o!ering addedvalue to Oracle Cloud customers. iMAL enables measurablebusiness value and increased productivity, while providing theagility and economy of scale of the public cloud with Oracle CloudInfrastructure, Oracle Database Cloud Service, and Oracle JavaCloud Service.

Path Solutions announced the signing of a partnership agreementwith Tahoor Technologies Pvt. Ltd. for its flagship ‘Tahoor InternalShariah Audit So"ware’ developed specifically for Islamicfinancial institutions.

Tahoor Shariah Audit is a comprehensive, state-of-the-art, internalShariah audit so"ware system that increases the e!ectivenessand e!iciency of internal Shariah audit processes of Islamicfinancial institutions, by providing automated auditing tools builton the risk-based audit methodology.

From 28 - 31 January, Cairo’s Cybersecurity Workshop wasdelivered by industry experts who shared their expertise andknow-how with the aim of finding out the best solutions for theprotection of ICT infrastructure.

Abdo Chalhoub, Executive Vice President - ICT ProfessionalServices at Path Solutions took part as a speaker and delivered aninteresting speech on cybersecurity governance, standards, andbest practices.

The forum which was held in Beirut on Friday 18 January wasorganized by AUB in collaboration with CMS Experiment. Itbrought together over 300 international participants from thecorporate, academic, IT and government sectors.

At the forum, Abdo Chalhoub, EVP ICT Professional Services, PathSolutions discussed the ‘Cyber Security Market Needs’. During hisintervention, Chalhoub shared his experience and elaborated onthe latest cyber security threats, challenges, trends, and state-of-the-art solutions.

Organized by the Union of Arab Banks in collaboration with theCentral Bank of Iraq and the Iraqi Private Banks League, ‘IraqCybersecurity Workshop’ was held on 9 - 11 December inBaghdad, where Abdo Chalhoub, EVP - ICT Professional Servicesat Path Solutions has given presentations, with comprehensivecoverage of standards and best practices and hands-onexperience of the IT and business practitioners, to facilitate theadoption of security standards and frameworks.

(I n T h eN E W S

Kateeb, guest speaker at IFN WorldLeaders Summit 2019

MAR

122019

Boubyan Bank successfully completesiMALMAL Islamic core banking platformupgrade

FEB

282019

iMALMAL powered by Oracle CloudFEB

202019

Path Solutions announces partnershipagreement withTahoor Technologies

FEB

42019

Cybersecurity betweenStandards & Practices Workshop

FEB

22019

1st Cyber Security Day in LebanonJAN

202019

Iraq Cybersecurity WorkshopDEC

142018

Cfi.co Awards2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Global FinanceBest Trade

FinanceProvider 2019

Regional Winner

Middle East Middle East Middle East

Global FinanceBest Trade

FinanceProvider 2019

Country Winners

Oman Jordan Kuwait Oman Jordan Kuwait Oman

Global Banking& Finance

Awards 2018

BestCorporate

Bank Oman2018

FastestGrowing

Islamic RetailBank Oman

2018

Best RetailBank

Bahrain 2018

Best CSRBank Group

Bahrain 2018

Best InvestorRelations

BankBahrain 2018

Best BankingLeadership(Mr. Adnan

AhmedYousif)

Bahrain 2018

Best M&ADeal

(Zain &Americana)Kuwait 2018

Best AssetManager

Kuwait 2018

BestInvestmentCompany

Kuwait 2018

Best BankingCEO

(Mr. MohamedEl Kettani)Morocco

2018

FastestGrowing

Islamic RetailBank Nigeria

2018

TatweejAcademyExcellence

Awards 2018

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

Service HeroAwards 2018

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

With the Islamic debt capital market space going from strength tostrength, as well as the global Sukuk issuance that is expected toreach US$90-100 billion by the end of 2019, the IFN World LeadersSummit 2019 took place on March 10 in Dubai – UAE to discussthe growth potential of the industry, where Mohammed Kateeb,the Group Chairman & CEO of Path Solutions intervened in thesession entitled ‘Building Successful Fintech Ecosystems andAssessing the Evolving Role of Technology in Finance’.

th

Path Solutions is pleased to announce that it has recentlycompleted the successful upgrade of iMAL Islamic core bankingplatform at Boubyan Bank.

The bank’s decision to upgrade to the new iMAL R14 versioncomes as an important part of a plan to transform the bank intoan all-digital platform to deliver e!iciency, enhanced customerexperience and lower operational costs. This upgrade supportsthe bank’s ambition to continue being the undisputed leader ino!ering digital services to its customers. In addition, the newplatform will enhance performance and reduce time-to-market fornew products.

Dubai-based McKinsey & Co. was engaged as the trusted advisorand counselor to Boubyan Bank on this critical venture fordecision-making and during the build-up and implementationphases, and was integral to the project success.

Path Solutions announced that its world-class core bankingplatform - iMAL has achieved Powered by Oracle Cloud status andis now available in the Oracle Cloud Marketplace o!ering addedvalue to Oracle Cloud customers. iMAL enables measurablebusiness value and increased productivity, while providing theagility and economy of scale of the public cloud with Oracle CloudInfrastructure, Oracle Database Cloud Service, and Oracle JavaCloud Service.

Path Solutions announced the signing of a partnership agreementwith Tahoor Technologies Pvt. Ltd. for its flagship ‘Tahoor InternalShariah Audit So"ware’ developed specifically for Islamicfinancial institutions.

Tahoor Shariah Audit is a comprehensive, state-of-the-art, internalShariah audit so"ware system that increases the e!ectivenessand e!iciency of internal Shariah audit processes of Islamicfinancial institutions, by providing automated auditing tools builton the risk-based audit methodology.

From 28 - 31 January, Cairo’s Cybersecurity Workshop wasdelivered by industry experts who shared their expertise andknow-how with the aim of finding out the best solutions for theprotection of ICT infrastructure.

Abdo Chalhoub, Executive Vice President - ICT ProfessionalServices at Path Solutions took part as a speaker and delivered aninteresting speech on cybersecurity governance, standards, andbest practices.

The forum which was held in Beirut on Friday 18 January wasorganized by AUB in collaboration with CMS Experiment. Itbrought together over 300 international participants from thecorporate, academic, IT and government sectors.

At the forum, Abdo Chalhoub, EVP ICT Professional Services, PathSolutions discussed the ‘Cyber Security Market Needs’. During hisintervention, Chalhoub shared his experience and elaborated onthe latest cyber security threats, challenges, trends, and state-of-the-art solutions.

Organized by the Union of Arab Banks in collaboration with theCentral Bank of Iraq and the Iraqi Private Banks League, ‘IraqCybersecurity Workshop’ was held on 9 - 11 December inBaghdad, where Abdo Chalhoub, EVP - ICT Professional Servicesat Path Solutions has given presentations, with comprehensivecoverage of standards and best practices and hands-onexperience of the IT and business practitioners, to facilitate theadoption of security standards and frameworks.

(I n T h eN E W S

Kateeb, guest speaker at IFN WorldLeaders Summit 2019

MAR

122019

Boubyan Bank successfully completesiMALMAL Islamic core banking platformupgrade

FEB

282019

iMALMAL powered by Oracle CloudFEB

202019

Path Solutions announces partnershipagreement withTahoor Technologies

FEB

42019

Cybersecurity betweenStandards & Practices Workshop

FEB

22019

1st Cyber Security Day in LebanonJAN

202019

Iraq Cybersecurity WorkshopDEC

142018

Cfi.co Awards2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Global FinanceBest Trade

FinanceProvider 2019

Regional Winner

Middle East Middle East Middle East

Global FinanceBest Trade

FinanceProvider 2019

Country Winners

Oman Jordan Kuwait Oman Jordan Kuwait Oman

Global Banking& Finance

Awards 2018

BestCorporate

Bank Oman2018

FastestGrowing

Islamic RetailBank Oman

2018

Best RetailBank

Bahrain 2018

Best CSRBank Group

Bahrain 2018

Best InvestorRelations

BankBahrain 2018

Best BankingLeadership(Mr. Adnan

AhmedYousif)

Bahrain 2018

Best M&ADeal

(Zain &Americana)Kuwait 2018

Best AssetManager

Kuwait 2018

BestInvestmentCompany

Kuwait 2018

Best BankingCEO

(Mr. MohamedEl Kettani)Morocco

2018

FastestGrowing

Islamic RetailBank Nigeria

2018

TatweejAcademyExcellence

Awards 2018

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

Service HeroAwards 2018

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

With the Islamic debt capital market space going from strength tostrength, as well as the global Sukuk issuance that is expected toreach US$90-100 billion by the end of 2019, the IFN World LeadersSummit 2019 took place on March 10 in Dubai – UAE to discussthe growth potential of the industry, where Mohammed Kateeb,the Group Chairman & CEO of Path Solutions intervened in thesession entitled ‘Building Successful Fintech Ecosystems andAssessing the Evolving Role of Technology in Finance’.

th

Path Solutions is pleased to announce that it has recentlycompleted the successful upgrade of iMAL Islamic core bankingplatform at Boubyan Bank.

The bank’s decision to upgrade to the new iMAL R14 versioncomes as an important part of a plan to transform the bank intoan all-digital platform to deliver e!iciency, enhanced customerexperience and lower operational costs. This upgrade supportsthe bank’s ambition to continue being the undisputed leader ino!ering digital services to its customers. In addition, the newplatform will enhance performance and reduce time-to-market fornew products.

Dubai-based McKinsey & Co. was engaged as the trusted advisorand counselor to Boubyan Bank on this critical venture fordecision-making and during the build-up and implementationphases, and was integral to the project success.

Path Solutions announced that its world-class core bankingplatform - iMAL has achieved Powered by Oracle Cloud status andis now available in the Oracle Cloud Marketplace o!ering addedvalue to Oracle Cloud customers. iMAL enables measurablebusiness value and increased productivity, while providing theagility and economy of scale of the public cloud with Oracle CloudInfrastructure, Oracle Database Cloud Service, and Oracle JavaCloud Service.

Path Solutions announced the signing of a partnership agreementwith Tahoor Technologies Pvt. Ltd. for its flagship ‘Tahoor InternalShariah Audit So"ware’ developed specifically for Islamicfinancial institutions.

Tahoor Shariah Audit is a comprehensive, state-of-the-art, internalShariah audit so"ware system that increases the e!ectivenessand e!iciency of internal Shariah audit processes of Islamicfinancial institutions, by providing automated auditing tools builton the risk-based audit methodology.

From 28 - 31 January, Cairo’s Cybersecurity Workshop wasdelivered by industry experts who shared their expertise andknow-how with the aim of finding out the best solutions for theprotection of ICT infrastructure.

Abdo Chalhoub, Executive Vice President - ICT ProfessionalServices at Path Solutions took part as a speaker and delivered aninteresting speech on cybersecurity governance, standards, andbest practices.

The forum which was held in Beirut on Friday 18 January wasorganized by AUB in collaboration with CMS Experiment. Itbrought together over 300 international participants from thecorporate, academic, IT and government sectors.

At the forum, Abdo Chalhoub, EVP ICT Professional Services, PathSolutions discussed the ‘Cyber Security Market Needs’. During hisintervention, Chalhoub shared his experience and elaborated onthe latest cyber security threats, challenges, trends, and state-of-the-art solutions.

Organized by the Union of Arab Banks in collaboration with theCentral Bank of Iraq and the Iraqi Private Banks League, ‘IraqCybersecurity Workshop’ was held on 9 - 11 December inBaghdad, where Abdo Chalhoub, EVP - ICT Professional Servicesat Path Solutions has given presentations, with comprehensivecoverage of standards and best practices and hands-onexperience of the IT and business practitioners, to facilitate theadoption of security standards and frameworks.

(I n T h eN E W S

Kateeb, guest speaker at IFN WorldLeaders Summit 2019

MAR

122019

Boubyan Bank successfully completesiMALMAL Islamic core banking platformupgrade

FEB

282019

iMALMAL powered by Oracle CloudFEB

202019

Path Solutions announces partnershipagreement withTahoor Technologies

FEB

42019

Cybersecurity betweenStandards & Practices Workshop

FEB

22019

1st Cyber Security Day in LebanonJAN

202019

Iraq Cybersecurity WorkshopDEC

142018

Cfi.co Awards2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Global FinanceBest Trade

FinanceProvider 2019

Regional Winner

Middle East Middle East Middle East

Global FinanceBest Trade

FinanceProvider 2019

Country Winners

Oman Jordan Kuwait Oman Jordan Kuwait Oman

Global Banking& Finance

Awards 2018

BestCorporate

Bank Oman2018

FastestGrowing

Islamic RetailBank Oman

2018

Best RetailBank

Bahrain 2018

Best CSRBank Group

Bahrain 2018

Best InvestorRelations

BankBahrain 2018

Best BankingLeadership(Mr. Adnan

AhmedYousif)

Bahrain 2018

Best M&ADeal

(Zain &Americana)Kuwait 2018

Best AssetManager

Kuwait 2018

BestInvestmentCompany

Kuwait 2018

Best BankingCEO

(Mr. MohamedEl Kettani)Morocco

2018

FastestGrowing

Islamic RetailBank Nigeria

2018

TatweejAcademyExcellence

Awards 2018

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

Service HeroAwards 2018

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

With the Islamic debt capital market space going from strength tostrength, as well as the global Sukuk issuance that is expected toreach US$90-100 billion by the end of 2019, the IFN World LeadersSummit 2019 took place on March 10 in Dubai – UAE to discussthe growth potential of the industry, where Mohammed Kateeb,the Group Chairman & CEO of Path Solutions intervened in thesession entitled ‘Building Successful Fintech Ecosystems andAssessing the Evolving Role of Technology in Finance’.

th

Path Solutions is pleased to announce that it has recentlycompleted the successful upgrade of iMAL Islamic core bankingplatform at Boubyan Bank.

The bank’s decision to upgrade to the new iMAL R14 versioncomes as an important part of a plan to transform the bank intoan all-digital platform to deliver e!iciency, enhanced customerexperience and lower operational costs. This upgrade supportsthe bank’s ambition to continue being the undisputed leader ino!ering digital services to its customers. In addition, the newplatform will enhance performance and reduce time-to-market fornew products.

Dubai-based McKinsey & Co. was engaged as the trusted advisorand counselor to Boubyan Bank on this critical venture fordecision-making and during the build-up and implementationphases, and was integral to the project success.

Path Solutions announced that its world-class core bankingplatform - iMAL has achieved Powered by Oracle Cloud status andis now available in the Oracle Cloud Marketplace o!ering addedvalue to Oracle Cloud customers. iMAL enables measurablebusiness value and increased productivity, while providing theagility and economy of scale of the public cloud with Oracle CloudInfrastructure, Oracle Database Cloud Service, and Oracle JavaCloud Service.

Path Solutions announced the signing of a partnership agreementwith Tahoor Technologies Pvt. Ltd. for its flagship ‘Tahoor InternalShariah Audit So"ware’ developed specifically for Islamicfinancial institutions.

Tahoor Shariah Audit is a comprehensive, state-of-the-art, internalShariah audit so"ware system that increases the e!ectivenessand e!iciency of internal Shariah audit processes of Islamicfinancial institutions, by providing automated auditing tools builton the risk-based audit methodology.

From 28 - 31 January, Cairo’s Cybersecurity Workshop wasdelivered by industry experts who shared their expertise andknow-how with the aim of finding out the best solutions for theprotection of ICT infrastructure.

Abdo Chalhoub, Executive Vice President - ICT ProfessionalServices at Path Solutions took part as a speaker and delivered aninteresting speech on cybersecurity governance, standards, andbest practices.

The forum which was held in Beirut on Friday 18 January wasorganized by AUB in collaboration with CMS Experiment. Itbrought together over 300 international participants from thecorporate, academic, IT and government sectors.

At the forum, Abdo Chalhoub, EVP ICT Professional Services, PathSolutions discussed the ‘Cyber Security Market Needs’. During hisintervention, Chalhoub shared his experience and elaborated onthe latest cyber security threats, challenges, trends, and state-of-the-art solutions.

Organized by the Union of Arab Banks in collaboration with theCentral Bank of Iraq and the Iraqi Private Banks League, ‘IraqCybersecurity Workshop’ was held on 9 - 11 December inBaghdad, where Abdo Chalhoub, EVP - ICT Professional Servicesat Path Solutions has given presentations, with comprehensivecoverage of standards and best practices and hands-onexperience of the IT and business practitioners, to facilitate theadoption of security standards and frameworks.

(I n T h eN E W S

Kateeb, guest speaker at IFN WorldLeaders Summit 2019

MAR

122019

Boubyan Bank successfully completesiMALMAL Islamic core banking platformupgrade

FEB

282019

iMALMAL powered by Oracle CloudFEB

202019

Path Solutions announces partnershipagreement withTahoor Technologies

FEB

42019

Cybersecurity betweenStandards & Practices Workshop

FEB

22019

1st Cyber Security Day in LebanonJAN

202019

Iraq Cybersecurity WorkshopDEC

142018

Cfi.co Awards2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Global FinanceBest Trade

FinanceProvider 2019

Regional Winner

Middle East Middle East Middle East

Global FinanceBest Trade

FinanceProvider 2019

Country Winners

Oman Jordan Kuwait Oman Jordan Kuwait Oman

Global Banking& Finance

Awards 2018

BestCorporate

Bank Oman2018

FastestGrowing

Islamic RetailBank Oman

2018

Best RetailBank

Bahrain 2018

Best CSRBank Group

Bahrain 2018

Best InvestorRelations

BankBahrain 2018

Best BankingLeadership(Mr. Adnan

AhmedYousif)

Bahrain 2018

Best M&ADeal

(Zain &Americana)Kuwait 2018

Best AssetManager

Kuwait 2018

BestInvestmentCompany

Kuwait 2018

Best BankingCEO

(Mr. MohamedEl Kettani)Morocco

2018

FastestGrowing

Islamic RetailBank Nigeria

2018

TatweejAcademyExcellence

Awards 2018

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

Service HeroAwards 2018

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

With the Islamic debt capital market space going from strength tostrength, as well as the global Sukuk issuance that is expected toreach US$90-100 billion by the end of 2019, the IFN World LeadersSummit 2019 took place on March 10 in Dubai – UAE to discussthe growth potential of the industry, where Mohammed Kateeb,the Group Chairman & CEO of Path Solutions intervened in thesession entitled ‘Building Successful Fintech Ecosystems andAssessing the Evolving Role of Technology in Finance’.

th

Path Solutions is pleased to announce that it has recentlycompleted the successful upgrade of iMAL Islamic core bankingplatform at Boubyan Bank.

The bank’s decision to upgrade to the new iMAL R14 versioncomes as an important part of a plan to transform the bank intoan all-digital platform to deliver e!iciency, enhanced customerexperience and lower operational costs. This upgrade supportsthe bank’s ambition to continue being the undisputed leader ino!ering digital services to its customers. In addition, the newplatform will enhance performance and reduce time-to-market fornew products.

Dubai-based McKinsey & Co. was engaged as the trusted advisorand counselor to Boubyan Bank on this critical venture fordecision-making and during the build-up and implementationphases, and was integral to the project success.

Path Solutions announced that its world-class core bankingplatform - iMAL has achieved Powered by Oracle Cloud status andis now available in the Oracle Cloud Marketplace o!ering addedvalue to Oracle Cloud customers. iMAL enables measurablebusiness value and increased productivity, while providing theagility and economy of scale of the public cloud with Oracle CloudInfrastructure, Oracle Database Cloud Service, and Oracle JavaCloud Service.

Path Solutions announced the signing of a partnership agreementwith Tahoor Technologies Pvt. Ltd. for its flagship ‘Tahoor InternalShariah Audit So"ware’ developed specifically for Islamicfinancial institutions.

Tahoor Shariah Audit is a comprehensive, state-of-the-art, internalShariah audit so"ware system that increases the e!ectivenessand e!iciency of internal Shariah audit processes of Islamicfinancial institutions, by providing automated auditing tools builton the risk-based audit methodology.

From 28 - 31 January, Cairo’s Cybersecurity Workshop wasdelivered by industry experts who shared their expertise andknow-how with the aim of finding out the best solutions for theprotection of ICT infrastructure.

Abdo Chalhoub, Executive Vice President - ICT ProfessionalServices at Path Solutions took part as a speaker and delivered aninteresting speech on cybersecurity governance, standards, andbest practices.

The forum which was held in Beirut on Friday 18 January wasorganized by AUB in collaboration with CMS Experiment. Itbrought together over 300 international participants from thecorporate, academic, IT and government sectors.

At the forum, Abdo Chalhoub, EVP ICT Professional Services, PathSolutions discussed the ‘Cyber Security Market Needs’. During hisintervention, Chalhoub shared his experience and elaborated onthe latest cyber security threats, challenges, trends, and state-of-the-art solutions.

Organized by the Union of Arab Banks in collaboration with theCentral Bank of Iraq and the Iraqi Private Banks League, ‘IraqCybersecurity Workshop’ was held on 9 - 11 December inBaghdad, where Abdo Chalhoub, EVP - ICT Professional Servicesat Path Solutions has given presentations, with comprehensivecoverage of standards and best practices and hands-onexperience of the IT and business practitioners, to facilitate theadoption of security standards and frameworks.

(I n T h eN E W S

Kateeb, guest speaker at IFN WorldLeaders Summit 2019

MAR

122019

Boubyan Bank successfully completesiMALMAL Islamic core banking platformupgrade

FEB

282019

iMALMAL powered by Oracle CloudFEB

202019

Path Solutions announces partnershipagreement withTahoor Technologies

FEB

42019

Cybersecurity betweenStandards & Practices Workshop

FEB

22019

1st Cyber Security Day in LebanonJAN

202019

Iraq Cybersecurity WorkshopDEC

142018

Cfi.co Awards2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Global FinanceBest Trade

FinanceProvider 2019

Regional Winner

Middle East Middle East Middle East

Global FinanceBest Trade

FinanceProvider 2019

Country Winners

Oman Jordan Kuwait Oman Jordan Kuwait Oman

Global Banking& Finance

Awards 2018

BestCorporate

Bank Oman2018

FastestGrowing

Islamic RetailBank Oman

2018

Best RetailBank

Bahrain 2018

Best CSRBank Group

Bahrain 2018

Best InvestorRelations

BankBahrain 2018

Best BankingLeadership(Mr. Adnan

AhmedYousif)

Bahrain 2018

Best M&ADeal

(Zain &Americana)Kuwait 2018

Best AssetManager

Kuwait 2018

BestInvestmentCompany

Kuwait 2018

Best BankingCEO

(Mr. MohamedEl Kettani)Morocco

2018

FastestGrowing

Islamic RetailBank Nigeria

2018

TatweejAcademyExcellence

Awards 2018

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

Service HeroAwards 2018

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

With the Islamic debt capital market space going from strength tostrength, as well as the global Sukuk issuance that is expected toreach US$90-100 billion by the end of 2019, the IFN World LeadersSummit 2019 took place on March 10 in Dubai – UAE to discussthe growth potential of the industry, where Mohammed Kateeb,the Group Chairman & CEO of Path Solutions intervened in thesession entitled ‘Building Successful Fintech Ecosystems andAssessing the Evolving Role of Technology in Finance’.

th

Path Solutions is pleased to announce that it has recentlycompleted the successful upgrade of iMAL Islamic core bankingplatform at Boubyan Bank.

The bank’s decision to upgrade to the new iMAL R14 versioncomes as an important part of a plan to transform the bank intoan all-digital platform to deliver e!iciency, enhanced customerexperience and lower operational costs. This upgrade supportsthe bank’s ambition to continue being the undisputed leader ino!ering digital services to its customers. In addition, the newplatform will enhance performance and reduce time-to-market fornew products.

Dubai-based McKinsey & Co. was engaged as the trusted advisorand counselor to Boubyan Bank on this critical venture fordecision-making and during the build-up and implementationphases, and was integral to the project success.

Path Solutions announced that its world-class core bankingplatform - iMAL has achieved Powered by Oracle Cloud status andis now available in the Oracle Cloud Marketplace o!ering addedvalue to Oracle Cloud customers. iMAL enables measurablebusiness value and increased productivity, while providing theagility and economy of scale of the public cloud with Oracle CloudInfrastructure, Oracle Database Cloud Service, and Oracle JavaCloud Service.

Path Solutions announced the signing of a partnership agreementwith Tahoor Technologies Pvt. Ltd. for its flagship ‘Tahoor InternalShariah Audit So"ware’ developed specifically for Islamicfinancial institutions.

Tahoor Shariah Audit is a comprehensive, state-of-the-art, internalShariah audit so"ware system that increases the e!ectivenessand e!iciency of internal Shariah audit processes of Islamicfinancial institutions, by providing automated auditing tools builton the risk-based audit methodology.

From 28 - 31 January, Cairo’s Cybersecurity Workshop wasdelivered by industry experts who shared their expertise andknow-how with the aim of finding out the best solutions for theprotection of ICT infrastructure.

Abdo Chalhoub, Executive Vice President - ICT ProfessionalServices at Path Solutions took part as a speaker and delivered aninteresting speech on cybersecurity governance, standards, andbest practices.

The forum which was held in Beirut on Friday 18 January wasorganized by AUB in collaboration with CMS Experiment. Itbrought together over 300 international participants from thecorporate, academic, IT and government sectors.

At the forum, Abdo Chalhoub, EVP ICT Professional Services, PathSolutions discussed the ‘Cyber Security Market Needs’. During hisintervention, Chalhoub shared his experience and elaborated onthe latest cyber security threats, challenges, trends, and state-of-the-art solutions.

Organized by the Union of Arab Banks in collaboration with theCentral Bank of Iraq and the Iraqi Private Banks League, ‘IraqCybersecurity Workshop’ was held on 9 - 11 December inBaghdad, where Abdo Chalhoub, EVP - ICT Professional Servicesat Path Solutions has given presentations, with comprehensivecoverage of standards and best practices and hands-onexperience of the IT and business practitioners, to facilitate theadoption of security standards and frameworks.

(I n T h eN E W S

Kateeb, guest speaker at IFN WorldLeaders Summit 2019

MAR

122019

Boubyan Bank successfully completesiMALMAL Islamic core banking platformupgrade

FEB

282019

iMALMAL powered by Oracle CloudFEB

202019

Path Solutions announces partnershipagreement withTahoor Technologies

FEB

42019

Cybersecurity betweenStandards & Practices Workshop

FEB

22019

1st Cyber Security Day in LebanonJAN

202019

Iraq Cybersecurity WorkshopDEC

142018

Cfi.co Awards2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Global FinanceBest Trade

FinanceProvider 2019

Regional Winner

Middle East Middle East Middle East

Global FinanceBest Trade

FinanceProvider 2019

Country Winners

Oman Jordan Kuwait Oman Jordan Kuwait Oman

Global Banking& Finance

Awards 2018

BestCorporate

Bank Oman2018

FastestGrowing

Islamic RetailBank Oman

2018

Best RetailBank

Bahrain 2018

Best CSRBank Group

Bahrain 2018

Best InvestorRelations

BankBahrain 2018

Best BankingLeadership(Mr. Adnan

AhmedYousif)

Bahrain 2018

Best M&ADeal

(Zain &Americana)Kuwait 2018

Best AssetManager

Kuwait 2018

BestInvestmentCompany

Kuwait 2018

Best BankingCEO

(Mr. MohamedEl Kettani)Morocco

2018

FastestGrowing

Islamic RetailBank Nigeria

2018

TatweejAcademyExcellence

Awards 2018

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

Service HeroAwards 2018

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

With the Islamic debt capital market space going from strength tostrength, as well as the global Sukuk issuance that is expected toreach US$90-100 billion by the end of 2019, the IFN World LeadersSummit 2019 took place on March 10 in Dubai – UAE to discussthe growth potential of the industry, where Mohammed Kateeb,the Group Chairman & CEO of Path Solutions intervened in thesession entitled ‘Building Successful Fintech Ecosystems andAssessing the Evolving Role of Technology in Finance’.

th

Path Solutions is pleased to announce that it has recentlycompleted the successful upgrade of iMAL Islamic core bankingplatform at Boubyan Bank.

The bank’s decision to upgrade to the new iMAL R14 versioncomes as an important part of a plan to transform the bank intoan all-digital platform to deliver e!iciency, enhanced customerexperience and lower operational costs. This upgrade supportsthe bank’s ambition to continue being the undisputed leader ino!ering digital services to its customers. In addition, the newplatform will enhance performance and reduce time-to-market fornew products.

Dubai-based McKinsey & Co. was engaged as the trusted advisorand counselor to Boubyan Bank on this critical venture fordecision-making and during the build-up and implementationphases, and was integral to the project success.

Path Solutions announced that its world-class core bankingplatform - iMAL has achieved Powered by Oracle Cloud status andis now available in the Oracle Cloud Marketplace o!ering addedvalue to Oracle Cloud customers. iMAL enables measurablebusiness value and increased productivity, while providing theagility and economy of scale of the public cloud with Oracle CloudInfrastructure, Oracle Database Cloud Service, and Oracle JavaCloud Service.

Path Solutions announced the signing of a partnership agreementwith Tahoor Technologies Pvt. Ltd. for its flagship ‘Tahoor InternalShariah Audit So"ware’ developed specifically for Islamicfinancial institutions.

Tahoor Shariah Audit is a comprehensive, state-of-the-art, internalShariah audit so"ware system that increases the e!ectivenessand e!iciency of internal Shariah audit processes of Islamicfinancial institutions, by providing automated auditing tools builton the risk-based audit methodology.

From 28 - 31 January, Cairo’s Cybersecurity Workshop wasdelivered by industry experts who shared their expertise andknow-how with the aim of finding out the best solutions for theprotection of ICT infrastructure.

Abdo Chalhoub, Executive Vice President - ICT ProfessionalServices at Path Solutions took part as a speaker and delivered aninteresting speech on cybersecurity governance, standards, andbest practices.

The forum which was held in Beirut on Friday 18 January wasorganized by AUB in collaboration with CMS Experiment. Itbrought together over 300 international participants from thecorporate, academic, IT and government sectors.

At the forum, Abdo Chalhoub, EVP ICT Professional Services, PathSolutions discussed the ‘Cyber Security Market Needs’. During hisintervention, Chalhoub shared his experience and elaborated onthe latest cyber security threats, challenges, trends, and state-of-the-art solutions.

Organized by the Union of Arab Banks in collaboration with theCentral Bank of Iraq and the Iraqi Private Banks League, ‘IraqCybersecurity Workshop’ was held on 9 - 11 December inBaghdad, where Abdo Chalhoub, EVP - ICT Professional Servicesat Path Solutions has given presentations, with comprehensivecoverage of standards and best practices and hands-onexperience of the IT and business practitioners, to facilitate theadoption of security standards and frameworks.

(I n T h eN E W S

Kateeb, guest speaker at IFN WorldLeaders Summit 2019

MAR

122019

Boubyan Bank successfully completesiMALMAL Islamic core banking platformupgrade

FEB

282019

iMALMAL powered by Oracle CloudFEB

202019

Path Solutions announces partnershipagreement withTahoor Technologies

FEB

42019

Cybersecurity betweenStandards & Practices Workshop

FEB

22019

1st Cyber Security Day in LebanonJAN

202019

Iraq Cybersecurity WorkshopDEC

142018

Cfi.co Awards2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Best Sharia-Compliant

Bank - MENA2018

FastestGrowing

Islamic Bank- MENA 2018

Global FinanceBest Trade

FinanceProvider 2019

Regional Winner

Middle East Middle East Middle East

Global FinanceBest Trade

FinanceProvider 2019

Country Winners

Oman Jordan Kuwait Oman Jordan Kuwait Oman

Global Banking& Finance

Awards 2018

BestCorporate

Bank Oman2018

FastestGrowing

Islamic RetailBank Oman

2018

Best RetailBank

Bahrain 2018

Best CSRBank Group

Bahrain 2018

Best InvestorRelations

BankBahrain 2018

Best BankingLeadership(Mr. Adnan

AhmedYousif)

Bahrain 2018

Best M&ADeal

(Zain &Americana)Kuwait 2018

Best AssetManager

Kuwait 2018

BestInvestmentCompany

Kuwait 2018

Best BankingCEO

(Mr. MohamedEl Kettani)Morocco

2018

FastestGrowing

Islamic RetailBank Nigeria

2018

TatweejAcademyExcellence

Awards 2018

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

SheikhMohammed

Jarrah Al-Sabah

ChairmanWise

Leadership

Service HeroAwards 2018

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

Best IslamicBank in

CustomerService -Kuwait

Best RetailBank in

CustomerService -Kuwait

With the Islamic debt capital market space going from strength tostrength, as well as the global Sukuk issuance that is expected toreach US$90-100 billion by the end of 2019, the IFN World LeadersSummit 2019 took place on March 10 in Dubai – UAE to discussthe growth potential of the industry, where Mohammed Kateeb,the Group Chairman & CEO of Path Solutions intervened in thesession entitled ‘Building Successful Fintech Ecosystems andAssessing the Evolving Role of Technology in Finance’.

th

Path Solutions is pleased to announce that it has recentlycompleted the successful upgrade of iMAL Islamic core bankingplatform at Boubyan Bank.

The bank’s decision to upgrade to the new iMAL R14 versioncomes as an important part of a plan to transform the bank intoan all-digital platform to deliver e!iciency, enhanced customerexperience and lower operational costs. This upgrade supportsthe bank’s ambition to continue being the undisputed leader ino!ering digital services to its customers. In addition, the newplatform will enhance performance and reduce time-to-market fornew products.

Dubai-based McKinsey & Co. was engaged as the trusted advisorand counselor to Boubyan Bank on this critical venture fordecision-making and during the build-up and implementationphases, and was integral to the project success.

Path Solutions announced that its world-class core bankingplatform - iMAL has achieved Powered by Oracle Cloud status andis now available in the Oracle Cloud Marketplace o!ering addedvalue to Oracle Cloud customers. iMAL enables measurablebusiness value and increased productivity, while providing theagility and economy of scale of the public cloud with Oracle CloudInfrastructure, Oracle Database Cloud Service, and Oracle JavaCloud Service.

Path Solutions announced the signing of a partnership agreementwith Tahoor Technologies Pvt. Ltd. for its flagship ‘Tahoor InternalShariah Audit So"ware’ developed specifically for Islamicfinancial institutions.

Tahoor Shariah Audit is a comprehensive, state-of-the-art, internalShariah audit so"ware system that increases the e!ectivenessand e!iciency of internal Shariah audit processes of Islamicfinancial institutions, by providing automated auditing tools builton the risk-based audit methodology.

From 28 - 31 January, Cairo’s Cybersecurity Workshop wasdelivered by industry experts who shared their expertise andknow-how with the aim of finding out the best solutions for theprotection of ICT infrastructure.

Abdo Chalhoub, Executive Vice President - ICT ProfessionalServices at Path Solutions took part as a speaker and delivered aninteresting speech on cybersecurity governance, standards, andbest practices.

The forum which was held in Beirut on Friday 18 January wasorganized by AUB in collaboration with CMS Experiment. Itbrought together over 300 international participants from thecorporate, academic, IT and government sectors.

At the forum, Abdo Chalhoub, EVP ICT Professional Services, PathSolutions discussed the ‘Cyber Security Market Needs’. During hisintervention, Chalhoub shared his experience and elaborated onthe latest cyber security threats, challenges, trends, and state-of-the-art solutions.

Organized by the Union of Arab Banks in collaboration with theCentral Bank of Iraq and the Iraqi Private Banks League, ‘IraqCybersecurity Workshop’ was held on 9 - 11 December inBaghdad, where Abdo Chalhoub, EVP - ICT Professional Servicesat Path Solutions has given presentations, with comprehensivecoverage of standards and best practices and hands-onexperience of the IT and business practitioners, to facilitate theadoption of security standards and frameworks.

(I n T h eN E W S

Kateeb, guest speaker at IFN WorldLeaders Summit 2019

MAR

122019

Boubyan Bank successfully completesiMALMAL Islamic core banking platformupgrade

FEB

282019

iMALMAL powered by Oracle CloudFEB

202019

Path Solutions announces partnershipagreement withTahoor Technologies

FEB

42019

Cybersecurity betweenStandards & Practices Workshop

FEB

22019

1st Cyber Security Day in LebanonJAN

202019

Iraq Cybersecurity WorkshopDEC

142018

Copyright © 2019 · Path Solutions

Path Solutions had the opportunity to celebrate and honourmoms in the workplace. As we know, many moms are busy withfamily obligations, careers and other commitments. PathSolutions wanted to show the working moms how much they arevalued and appreciated.

At Path Solutions’ India o!ice, the team celebrated InternationalWomen’s Day on March 8. All showed up in white and pink attire.Pink is a symbol of compassion and love, whereas white stands forpurity and virtue.

PathSolutions9,838followers3mo ·Edited

الذاكء_اإلصطناع﮵ى#

Path Solutionsabout a month ago

The legacy tools banks use to findsuspicious dispersals of money canno longer spot today’s criminalactivity.Seeking an alternative, banks areturning to artificial intelligence and

Path Solutionsabout 2 months ago

The International Development

Path Solutionsabout 2 months ago

PathSolutions9,838followers2mo ·Edited

Our powerful credit scoring solution is faster, cheaper and more flexible than any other solution available in the market.

Request a demo and stay ahead of the competition: Salesteam@path-solutions.com

#IFRS9 #creditrisk #ECL

Path Solutionsabout 2 months ago

Marrakesh, Morocco

IsDB Group Private SectorForum 2019

4 April 2019

�Book your Meeting

Manama, Bahrain

AAOIFI 17th Annual Shari’ahConference

7 & 8 April 2019

Istanbul, Turkey

Afro-Asia Banking Industry2019

8 - 10 April 2019

2019 Path Solutions External Newsletter. All rights reserved.All information, analysis, forecast and data provided by Path Solutions External Newsletter is for the exclusive use of subscribing persons andorganizations.

All such content is copyrighted in the name of Path Solutions, and as such no part of this content may be reproduced, copied or redistributedwithout the express consent of Path Solutions.

All content, including forecasts, analysis and opinion has been based on information and sources believed to be accurate and reliable at thetime of publishing. Path Solutions makes no representation of warranty of any kind as to the accuracy or completeness of any informationprovided, and accepts no liability whatsoever for any loss damage resulting from opinion, errors, inaccuracies or omissions a!ecting any part ofthe content.

Copyright InformationPath Solutions External Newsletter “Path Bulletin” is a quarterly publication of Path Solutions. Subscription is free to all Path Solutions’ Clientsand other interested parties.

Path Solutions Corporation respects the intellectual property rights of others, and we request our readers to do the same.

Prohibited UseYou may not use Path Solutions trademarks in a manner which could cause confusion as to Path sponsorship, a!iliation or endorsement.

To ensure that you are added to our mailing list, please email us at: PNews@path-solutions.com

CelebratingMother’s Day at work

MAR

212019

CelebratingInternational Women’s Day

MAR

102019

)B u z zF E E D

*O n T h eR O A D

Copyright © 2019 · Path Solutions

Path Solutions had the opportunity to celebrate and honourmoms in the workplace. As we know, many moms are busy withfamily obligations, careers and other commitments. PathSolutions wanted to show the working moms how much they arevalued and appreciated.

At Path Solutions’ India o!ice, the team celebrated InternationalWomen’s Day on March 8. All showed up in white and pink attire.Pink is a symbol of compassion and love, whereas white stands forpurity and virtue.

PathSolutions9,838followers3mo ·Edited

الذاكء_اإلصطناع﮵ى#

Path Solutionsabout a month ago

The legacy tools banks use to findsuspicious dispersals of money canno longer spot today’s criminalactivity.Seeking an alternative, banks areturning to artificial intelligence and

Path Solutionsabout 2 months ago

The International Development

Path Solutionsabout 2 months ago

PathSolutions9,838followers2mo ·Edited

Our powerful credit scoring solution is faster, cheaper and more flexible than any other solution available in the market.

Request a demo and stay ahead of the competition: Salesteam@path-solutions.com

#IFRS9 #creditrisk #ECL

Path Solutionsabout 2 months ago

Marrakesh, Morocco

IsDB Group Private SectorForum 2019

4 April 2019

�Book your Meeting

Manama, Bahrain

AAOIFI 17th Annual Shari’ahConference

7 & 8 April 2019

Istanbul, Turkey

Afro-Asia Banking Industry2019

8 - 10 April 2019

2019 Path Solutions External Newsletter. All rights reserved.All information, analysis, forecast and data provided by Path Solutions External Newsletter is for the exclusive use of subscribing persons andorganizations.

All such content is copyrighted in the name of Path Solutions, and as such no part of this content may be reproduced, copied or redistributedwithout the express consent of Path Solutions.

All content, including forecasts, analysis and opinion has been based on information and sources believed to be accurate and reliable at thetime of publishing. Path Solutions makes no representation of warranty of any kind as to the accuracy or completeness of any informationprovided, and accepts no liability whatsoever for any loss damage resulting from opinion, errors, inaccuracies or omissions a!ecting any part ofthe content.

Copyright InformationPath Solutions External Newsletter “Path Bulletin” is a quarterly publication of Path Solutions. Subscription is free to all Path Solutions’ Clientsand other interested parties.

Path Solutions Corporation respects the intellectual property rights of others, and we request our readers to do the same.

Prohibited UseYou may not use Path Solutions trademarks in a manner which could cause confusion as to Path sponsorship, a!iliation or endorsement.

To ensure that you are added to our mailing list, please email us at: PNews@path-solutions.com

CelebratingMother’s Day at work

MAR

212019

CelebratingInternational Women’s Day

MAR

102019

)B u z zF E E D

*O n T h eR O A D

Copyright © 2019 · Path Solutions

Path Solutions had the opportunity to celebrate and honourmoms in the workplace. As we know, many moms are busy withfamily obligations, careers and other commitments. PathSolutions wanted to show the working moms how much they arevalued and appreciated.

At Path Solutions’ India o!ice, the team celebrated InternationalWomen’s Day on March 8. All showed up in white and pink attire.Pink is a symbol of compassion and love, whereas white stands forpurity and virtue.

PathSolutions9,838followers3mo ·Edited

الذاكء_اإلصطناع﮵ى#

Path Solutionsabout a month ago

The legacy tools banks use to findsuspicious dispersals of money canno longer spot today’s criminalactivity.Seeking an alternative, banks areturning to artificial intelligence and

Path Solutionsabout 2 months ago

The International Development

Path Solutionsabout 2 months ago

PathSolutions9,838followers2mo ·Edited

Our powerful credit scoring solution is faster, cheaper and more flexible than any other solution available in the market.

Request a demo and stay ahead of the competition: Salesteam@path-solutions.com

#IFRS9 #creditrisk #ECL

Path Solutionsabout 2 months ago

Marrakesh, Morocco

IsDB Group Private SectorForum 2019

4 April 2019

�Book your Meeting

Manama, Bahrain

AAOIFI 17th Annual Shari’ahConference

7 & 8 April 2019

Istanbul, Turkey

Afro-Asia Banking Industry2019

8 - 10 April 2019

2019 Path Solutions External Newsletter. All rights reserved.All information, analysis, forecast and data provided by Path Solutions External Newsletter is for the exclusive use of subscribing persons andorganizations.

All such content is copyrighted in the name of Path Solutions, and as such no part of this content may be reproduced, copied or redistributedwithout the express consent of Path Solutions.

All content, including forecasts, analysis and opinion has been based on information and sources believed to be accurate and reliable at thetime of publishing. Path Solutions makes no representation of warranty of any kind as to the accuracy or completeness of any informationprovided, and accepts no liability whatsoever for any loss damage resulting from opinion, errors, inaccuracies or omissions a!ecting any part ofthe content.

Copyright InformationPath Solutions External Newsletter “Path Bulletin” is a quarterly publication of Path Solutions. Subscription is free to all Path Solutions’ Clientsand other interested parties.

Path Solutions Corporation respects the intellectual property rights of others, and we request our readers to do the same.

Prohibited UseYou may not use Path Solutions trademarks in a manner which could cause confusion as to Path sponsorship, a!iliation or endorsement.

To ensure that you are added to our mailing list, please email us at: PNews@path-solutions.com

CelebratingMother’s Day at work

MAR

212019

CelebratingInternational Women’s Day

MAR

102019

)B u z zF E E D

*O n T h eR O A D

Copyright © 2019 · Path Solutions

Path Solutions had the opportunity to celebrate and honourmoms in the workplace. As we know, many moms are busy withfamily obligations, careers and other commitments. PathSolutions wanted to show the working moms how much they arevalued and appreciated.

At Path Solutions’ India o!ice, the team celebrated InternationalWomen’s Day on March 8. All showed up in white and pink attire.Pink is a symbol of compassion and love, whereas white stands forpurity and virtue.

PathSolutions9,838followers3mo ·Edited

الذاكء_اإلصطناع﮵ى#

Path Solutionsabout a month ago

The legacy tools banks use to findsuspicious dispersals of money canno longer spot today’s criminalactivity.Seeking an alternative, banks areturning to artificial intelligence and

Path Solutionsabout 2 months ago

The International Development

Path Solutionsabout 2 months ago

PathSolutions9,838followers2mo ·Edited

Our powerful credit scoring solution is faster, cheaper and more flexible than any other solution available in the market.

Request a demo and stay ahead of the competition: Salesteam@path-solutions.com

#IFRS9 #creditrisk #ECL

Path Solutionsabout 2 months ago

Marrakesh, Morocco

IsDB Group Private SectorForum 2019

4 April 2019

�Book your Meeting

Manama, Bahrain

AAOIFI 17th Annual Shari’ahConference

7 & 8 April 2019

Istanbul, Turkey

Afro-Asia Banking Industry2019

8 - 10 April 2019

2019 Path Solutions External Newsletter. All rights reserved.All information, analysis, forecast and data provided by Path Solutions External Newsletter is for the exclusive use of subscribing persons andorganizations.

All such content is copyrighted in the name of Path Solutions, and as such no part of this content may be reproduced, copied or redistributedwithout the express consent of Path Solutions.

All content, including forecasts, analysis and opinion has been based on information and sources believed to be accurate and reliable at thetime of publishing. Path Solutions makes no representation of warranty of any kind as to the accuracy or completeness of any informationprovided, and accepts no liability whatsoever for any loss damage resulting from opinion, errors, inaccuracies or omissions a!ecting any part ofthe content.

Copyright InformationPath Solutions External Newsletter “Path Bulletin” is a quarterly publication of Path Solutions. Subscription is free to all Path Solutions’ Clientsand other interested parties.

Path Solutions Corporation respects the intellectual property rights of others, and we request our readers to do the same.

Prohibited UseYou may not use Path Solutions trademarks in a manner which could cause confusion as to Path sponsorship, a!iliation or endorsement.

To ensure that you are added to our mailing list, please email us at: PNews@path-solutions.com

CelebratingMother’s Day at work

MAR

212019

CelebratingInternational Women’s Day

MAR

102019

)B u z zF E E D

*O n T h eR O A D

Copyright © 2019 · Path Solutions

Path Solutions had the opportunity to celebrate and honourmoms in the workplace. As we know, many moms are busy withfamily obligations, careers and other commitments. PathSolutions wanted to show the working moms how much they arevalued and appreciated.

At Path Solutions’ India o!ice, the team celebrated InternationalWomen’s Day on March 8. All showed up in white and pink attire.Pink is a symbol of compassion and love, whereas white stands forpurity and virtue.

PathSolutions9,838followers3mo ·Edited

الذاكء_اإلصطناع﮵ى#

Path Solutionsabout a month ago

The legacy tools banks use to findsuspicious dispersals of money canno longer spot today’s criminalactivity.Seeking an alternative, banks areturning to artificial intelligence and

Path Solutionsabout 2 months ago

The International Development

Path Solutionsabout 2 months ago

PathSolutions9,838followers2mo ·Edited

Our powerful credit scoring solution is faster, cheaper and more flexible than any other solution available in the market.

Request a demo and stay ahead of the competition: Salesteam@path-solutions.com

#IFRS9 #creditrisk #ECL

Path Solutionsabout 2 months ago

Marrakesh, Morocco

IsDB Group Private SectorForum 2019

4 April 2019

�Book your Meeting

Manama, Bahrain

AAOIFI 17th Annual Shari’ahConference

7 & 8 April 2019

Istanbul, Turkey

Afro-Asia Banking Industry2019

8 - 10 April 2019

2019 Path Solutions External Newsletter. All rights reserved.All information, analysis, forecast and data provided by Path Solutions External Newsletter is for the exclusive use of subscribing persons andorganizations.

All such content is copyrighted in the name of Path Solutions, and as such no part of this content may be reproduced, copied or redistributedwithout the express consent of Path Solutions.

All content, including forecasts, analysis and opinion has been based on information and sources believed to be accurate and reliable at thetime of publishing. Path Solutions makes no representation of warranty of any kind as to the accuracy or completeness of any informationprovided, and accepts no liability whatsoever for any loss damage resulting from opinion, errors, inaccuracies or omissions a!ecting any part ofthe content.

Copyright InformationPath Solutions External Newsletter “Path Bulletin” is a quarterly publication of Path Solutions. Subscription is free to all Path Solutions’ Clientsand other interested parties.

Path Solutions Corporation respects the intellectual property rights of others, and we request our readers to do the same.

Prohibited UseYou may not use Path Solutions trademarks in a manner which could cause confusion as to Path sponsorship, a!iliation or endorsement.

To ensure that you are added to our mailing list, please email us at: PNews@path-solutions.com

CelebratingMother’s Day at work

MAR

212019

CelebratingInternational Women’s Day

MAR

102019

)B u z zF E E D

*O n T h eR O A D

Copyright © 2019 · Path Solutions

Path Solutions had the opportunity to celebrate and honourmoms in the workplace. As we know, many moms are busy withfamily obligations, careers and other commitments. PathSolutions wanted to show the working moms how much they arevalued and appreciated.

At Path Solutions’ India o!ice, the team celebrated InternationalWomen’s Day on March 8. All showed up in white and pink attire.Pink is a symbol of compassion and love, whereas white stands forpurity and virtue.

PathSolutions9,838followers3mo ·Edited

الذاكء_اإلصطناع﮵ى#

Path Solutionsabout a month ago

The legacy tools banks use to findsuspicious dispersals of money canno longer spot today’s criminalactivity.Seeking an alternative, banks areturning to artificial intelligence and

Path Solutionsabout 2 months ago

The International Development

Path Solutionsabout 2 months ago

PathSolutions9,838followers2mo ·Edited

Our powerful credit scoring solution is faster, cheaper and more flexible than any other solution available in the market.

Request a demo and stay ahead of the competition: Salesteam@path-solutions.com

#IFRS9 #creditrisk #ECL

Path Solutionsabout 2 months ago

Marrakesh, Morocco

IsDB Group Private SectorForum 2019

4 April 2019

�Book your Meeting

Manama, Bahrain

AAOIFI 17th Annual Shari’ahConference

7 & 8 April 2019

Istanbul, Turkey

Afro-Asia Banking Industry2019

8 - 10 April 2019

2019 Path Solutions External Newsletter. All rights reserved.All information, analysis, forecast and data provided by Path Solutions External Newsletter is for the exclusive use of subscribing persons andorganizations.

All such content is copyrighted in the name of Path Solutions, and as such no part of this content may be reproduced, copied or redistributedwithout the express consent of Path Solutions.

All content, including forecasts, analysis and opinion has been based on information and sources believed to be accurate and reliable at thetime of publishing. Path Solutions makes no representation of warranty of any kind as to the accuracy or completeness of any informationprovided, and accepts no liability whatsoever for any loss damage resulting from opinion, errors, inaccuracies or omissions a!ecting any part ofthe content.

Copyright InformationPath Solutions External Newsletter “Path Bulletin” is a quarterly publication of Path Solutions. Subscription is free to all Path Solutions’ Clientsand other interested parties.

Path Solutions Corporation respects the intellectual property rights of others, and we request our readers to do the same.

Prohibited UseYou may not use Path Solutions trademarks in a manner which could cause confusion as to Path sponsorship, a!iliation or endorsement.

To ensure that you are added to our mailing list, please email us at: PNews@path-solutions.com

CelebratingMother’s Day at work

MAR

212019

CelebratingInternational Women’s Day

MAR

102019

)B u z zF E E D

*O n T h eR O A D

Copyright © 2019 · Path Solutions

Path Solutions had the opportunity to celebrate and honourmoms in the workplace. As we know, many moms are busy withfamily obligations, careers and other commitments. PathSolutions wanted to show the working moms how much they arevalued and appreciated.

At Path Solutions’ India o!ice, the team celebrated InternationalWomen’s Day on March 8. All showed up in white and pink attire.Pink is a symbol of compassion and love, whereas white stands forpurity and virtue.

PathSolutions9,838followers3mo ·Edited

الذاكء_اإلصطناع﮵ى#

Path Solutionsabout a month ago

The legacy tools banks use to findsuspicious dispersals of money canno longer spot today’s criminalactivity.Seeking an alternative, banks areturning to artificial intelligence and

Path Solutionsabout 2 months ago

The International Development

Path Solutionsabout 2 months ago

PathSolutions9,838followers2mo ·Edited

Our powerful credit scoring solution is faster, cheaper and more flexible than any other solution available in the market.

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Path Solutionsabout 2 months ago

Marrakesh, Morocco

IsDB Group Private SectorForum 2019

4 April 2019

�Book your Meeting

Manama, Bahrain

AAOIFI 17th Annual Shari’ahConference

7 & 8 April 2019

Istanbul, Turkey

Afro-Asia Banking Industry2019

8 - 10 April 2019

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