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Path Solutions wins prestigious ACQ5 Awards for second consecutive year

Continues to roll in recognition, honors and accolades

1June 3, 2015 – Path Solutions has again been honored with the ACQ5 Award as ‘International Core Banking System Provider of the Year – Islamic Finance’. This is the second consecutive year that Path has received this prestigious award. In addition, Path Solutions’ iSHRAQ*Microfinance was selected ‘Sharia-Compliant Microfinance 2Solution of the Year’.  iSHRAQ*Microfinance’s unique combination of ease of use, powerful functionality and exceptional value for money makes it the best choice on the market today for microfinance institutions.

The ACQ5 Global Awards recognize industry leaders, eminent individuals, exemplary teams and distinguished businesses which represent the benchmark of achievement and best practice in their fields.

The ACQ5 Global Awards for 2015 achieved another record breaking number of votes. The total number of nominations received stood at an amazing 32,966 representing a 27.7% response rate, the highest ever, with Path Solutions receiving the highest volume of nominations for its respective category.

“We are proud to be the only Islamic IT company recognized with the industry’s highest honors, but it’s an entirely different matter to receive recognition from readers and industry practitioners who have carefully viewed our practice over the years in terms of overall quality of solutions and service”, commented Osama Touny, Senior Vice President – iSHRAQ products at Path Solutions. “We’re ahead of the curve when it comes to Sharia-compliant technologies for the Islamic financial services industry. We are thrilled to be the recipient of the 2015 ACQ5 Awards in two different categories, and it is a true honor and a testament to Path Solutions’ vision of leading the future of Islamic banking technologies. It’s an exciting and challenging journey that our entire organization is taking together”, he said.

The full list of category winners will appear in the soon-to-be-released special commemorative digital supplement of ACQ5.

About Path Solutions

Path Solutions is at the forefront of the Islamic financial software services industry. The company’s broad portfolio of software solutions for Islamic, commercial, retail, corporate and investment banking includes core banking, mobile and internet banking, portfolio management, risk management, payments and financial messaging, and reporting solutions.

Path Solutions’ iSHRAQ suite provides Islamic-based financial and investment solutions to clients specializing in Sharia investments, to bring the best of stock markets, mutual funds, portfolio management services, real estate investment, and wealth management services in a Sharia-compliant way.

iSHRAQ’s in-depth research, technical analysis and powerful trading tools coupled with the highest standards of service are tailored to suit the requirements of investors, providing a complete financial suite to investors to pursue their investment goals with an advanced e-trading portal which enables them to buy and sell securities at ease, anywhere, anytime.

iSHRAQ suite is architected on the latest state-of-the-art technologies that rely on web and web services while maintaining the competent traits for such solutions in terms of security, stability, and user friendliness.

To find out more about Path Solutions, visit

About ACQ5 Global Awards

Since inception, the ACQ5 Global Awards have been celebrating achievement, innovation and brilliance in their annual awards. The company boasts a legitimately independent nomination process, most importantly, all award winners, are chosen by the industry itself.

Guided by the poll’s results, those organisations and individuals that have had the greatest impact on the industry during 2014 are duly honoured. In judging these awards, ACQ5 panel of judges studies the nominations made by their voters and recognizes that all of those nominated are leaders in their fields and that the exceptional performance of some deserves recognition.

The poll was not only designed to reflect actual performance in a particular area of expertise, rather it reflects direct market share based on a number of criteria.

To find out more about these awards, visit

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