PTCL Group, Pakistan’s leading telecom and ICT services provider has achieved a double-digit revenue growth of 10.2% during the financial year 2022. Pakistan Telecommunication Company Limited (PTCL), posted 8.6% growth in its revenues, owing to its strong performance in both retail and business segments, whereas Ufone achieved 7.1% growth in its revenues. The Group’s subsidiary, […]

State Bank Pakistan (SBP) has issued an Islamic banking license to Faysal Bank Limited (FBL) making it the second-largest full-fledged Islamic bank in Pakistan. Commenting on the momentous occasion, Mr. Jameel Ahmed, Governor State Bank of Pakistan said, “Conversion of Faysal Bank is first of its kind in the banking history of Pakistan. This is […]

PTCL Group, the country’s leading telecom and ICT services provider, has announced its financial results for the nine months ended September 30, 2022, at its Board of Directors’ meeting held in UAE on October 13, 2022.   PTCL Group remained on the growth trajectory during the third quarter as its fixed and wireless streams continued to perform positively. […]

Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, has been included in the reports Now Tech: Digital Banking Processing Platforms (Retail Banking), Q1 2022 and Now Tech: Digital Banking Processing Platforms (Corporate Banking), Q1 2022, published by leading research and advisory firm Forrester. The Now Tech reports delve into the value offered by […]

Boubyan Bank has announced a collaboration with Visa to implement Visa Card Enrollment Hub “VCEH” service. This service allows the bank’s customers to enroll directly to their favorite subscriptions and retailers from within Boubyan App or Boubyan Bank’s online banking platform without the need to enter their card details. Al-Tuwaijri, bank’s CEO – Private, Consumer […]

The newly formed interest-free Hijra Bank S.C. in Ethiopia has gone live successfully on iMAL Islamic core banking platform on September 4th, 2021, only one month after signing with Path Solutions, the only AAOIFI-certified financial technology firm. Hijra Bank has benefited from accelerated project timelines which have massively reduced the cost of deployment. It is the first Ethiopian bank […]

U Microfinance Bank Limited wins the ABF Retail Banking Awards 2021 for “Rural/Cooperative Bank of the Year – Pakistan”. With a gross absence of banking facilities in rural areas, winning the Rural Bank of the Year award recognizes U Bank’s efforts in ensuring the availability of modern banking to our core customer group. U Microfinance Bank […]

After receiving the green light from the National Bank of Ethiopia (NBE), Hijra Bank, the second fully-fledged interest-free bank in the country has engaged in a highly competitive bidding and selection process which resulted in the selection and signing of an agreement with Path Solutions for the implementation of its AAOIFI-certified core banking platform. Hijra Bank will be […]

Path Solutions, a global Islamic fintech house and Soneri Mustaqeem, an Islamic Banking Division of Soneri Bank Limited, announce the selection of iMAL Sharia-compliant Profit Calculation System to ensure industry’s best practices for Sharia compliance. By integrating iMAL with Temenos T24 core banking platform, this new Pool Management System will help Soneri Mustaqeen emerge as a modern data-driven Islamic banking division, […]

Path Solutions, the global Islamic banking software company,announced that Kuwait Finance House (“KFH”), Kuwait’s Islamic banking pioneer has successfully completed the upgrade of its fully automated STP Islamic Treasury solution to the new Path Solutions’ Java-based platform iMAL R14.1, as of 21st February. KFH is considered a pioneer in the banking phenomenon known as Islamic […]