---
id: 1242
title: "The Right Path to Sharia-Compliant Banking Systems: CFI.co Announces Winner for 2014"
award_year: 2014
published: 2014-05-22 09:55:13
published_gmt: 2014-05-22 09:55:13
author: "CFI.co Editorial"
url: "https://cfi.co/awards/middle-east/2014/the-right-path-to-sharia-compliant-banking-systems-cfi-co-announces-winner-for-2014/"
categories: ["Banking", "Industries", "Middle East", "Technology"]
content_class: award_rationale
independence_status: independent_editorial
sponsor_disclosure: none
editorial_lens: constructive_positive_lens
historical_status: current_at_publication
correction_status: none
archive_policy: no_delete
provenance_layer: github_versioned
wayback_status: archived
wayback_first_snapshot: 20140731050301
wayback_snapshot_url: "http://web.archive.org/web/20140731050301/http://cfi.co/awards/middle-east/2014/the-right-path-to-sharia-compliant-banking-systems-cfi-co-announces-winner-for-2014/"
license: CFI-OAAL-1.0
content_sha256: dce20f879a900bcb89f8f04c5b7d56ca2697a69e96df332c651984170d730ca8
canonical: 1242-the-right-path-to-sharia-compliant-banking-systems-cfi-co-announces-winner-for-2.json
---

# The Right Path to Sharia-Compliant Banking Systems: CFI.co Announces Winner for 2014

> Verbatim archived copy. Canonical machine record: `1242-the-right-path-to-sharia-compliant-banking-systems-cfi-co-announces-winner-for-2.json`.

<p style="text-align: justify;"><img class="aligncenter size-full wp-image-1244" src="https://cfi.co/awards/wp-content/uploads/2014/06/ps.jpg" alt="ps" width="180" height="147" /></p>
<p style="text-align: justify;"><strong>The outstanding Kuwaiti headquartered software company Path Solutions is the 2014 global winner of the CFI.co award for ‘Best Sharia-Compliant Banking Systems’.</strong></p>
<p style="text-align: justify;">The CFi.co Judging panel commented favourably on ‘Path’s outstanding range of Sharia-compliant integrated solutions that have been taken up successfully by some 100 Islamic finance institutions throughout 33 countries. Specifically the iMAL Islamic core banking system allows clients to bring to market secure and competitive offerings quickly, economically and with full and well-placed confidence’.</p>


[caption id="attachment_1251" align="aligncenter" width="379"]<img class="wp-image-1251 size-full" src="https://cfi.co/awards/wp-content/uploads/2014/05/Mr.-Mohammed-Kateeb.jpg" alt="Mr. Mohammed Kateeb" width="379" height="581" /> <strong>Group Chairman &amp; CEO: Mr. Mohammed Kateeb</strong>[/caption]
<p style="text-align: justify;">‘Path Solutions has a deservedly strong share of the market. This company out-invests its peers in terms of critically important research and development, employs an outstanding team of some 400 professionals, and to cap all this it is by all accounts a very happy environment in which to work. We wish Path Solutions all success in the years to come’.</p>