• HSBC

UIB Go-Live: Another successful implementation by Path Solutions

Path Solutions, the pioneer in providing high quality Shari'a-compliant solutions to the financial marketplace, today announced the successful implementation of iMAL solution provided by Path at United International Bank B.S.C. (UIB), a Bahrain-based investment bank.

UIB selected iMAL solution based on its ability to increase the operational efficiency through its proven best business practices and its ability to support the bank's growth strategy.

UIB is live with iMAL's latest version release which is one month old.

"iMAL is strategically placed. In addition to its strong capability to support Shari'a-compliant private equity investment banking and its capacity to meet current and future requirements in that space, we have chosen Path Solutions for its professional approach and its very clear working methodology. They have demonstrated that they have the knowledge, expertise, and management skills to drive the project through to completion. We are confident that Path will assist us in our future growth."
said Abdulla Janahi, UIB's General Manager and Acting CEO.

"We are extremely proud to be trusted by UIB for this important project."
commented Naji Moukadam, President of Path Solutions.

"We believe that we have solid understanding of the bank's operational needs as well as its business challenges, the key to successfully implementing a new solution".


Headquartered in the Kingdom of Bahrain, UIB delivers investment banking products and services in strict adherence to Shari'a rules and principles.

UIB operations spread over a number of key investment lines such as Direct Investments including Private Equity & Corporate Investments, Asset Based Investments and very select Real Estate Investment opportunities.
 
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