QINVEST goes live on Path Solutions' iMAL in record-breaking implementation

Implemented in less a period of three months, the iMAL system will streamline QINVEST financial and functional operations, which will lead to an enriched customer service.

Commenting on the announcement, Pierre Georges, IT Program Director at QINVEST said that "The iMAL implementation has been a great success and we are very pleased that the system was implemented on time and within budget. Our biggest challenge has been to keep pace with a fast growing financial services industry. It is critically important for us to be able to sustain exceptionally high market growth; hence the need for an appropriate banking solution with high reliability and performance requirements like iMAL was a priority".

Raghu S. Iyer, Project Director at Path Solutions commented:

"We are delighted with the implementation of iMAL at QINVEST. In the present competitive environment, more and more financial institutions are seeking fully integrated and yet modularized software solutions like iMAL, which can be implemented quickly and effectively without any risk and which can deliver a high return on investment within a short period."

Headquartered in Doha, State of Qatar, QINVEST was licensed in April 2007 with an authorized capital of $1bn and is the largest financial establishment to start operations in Qatar Financial Centre (QFC). QINVEST specializes in local and international Sharia-compliant investment banking opportunities through modular and innovative Islamic solutions, which positively impact the investment record of Islamic banking at local and global levels.