Path Solutions in Education Initiative
01 January, 2011
Path Solutions, a leading provider of Islamic banking software solutions has announced that it has signed a Memorandum of Understanding with the International Islamic University of Malaysia to enable Islamic banking technology simulation for educational and training purposes.
Founded in 2004, the Institute of Islamic Banking and Finance at the International Islamic University of Malaysia is at the forefront of the Islamic banking industry and ranks amongst the most reputable educational institutions in the region. It is one of the prominent universities internationally devoted to providing education and research in Islamic banking and finance.
‘This strategic collaboration with Path Solutions will significantly benefit the Institute of Islamic Banking and Finance with an Islamic banking system that will allow scholars to work on real simulations and put into practice the knowledge acquired from courses in Islamic banking and finance’, said Prof. Dato’ Dr. Mohd Azmi Omar, the University Dean. ‘I am confident that through our combined efforts, we can make an important step forward towards our common goals in taking Islamic banking to a new standard of excellence’.
Under this agreement, the institute will provide Path Solutions’ community of users with specialised trainings in Islamic finance and other Shari’ah advisory services to pave the way for common approaches to capture growth and increase competitiveness.
‘This groundbreaking collaborative partnership between Path Solutions and the Institute of Islamic Banking and Finance at the International Islamic University of Malaysia reaffirms our commitment to developing and promoting Islamic finance in South East Asia and particularly in Malaysia by combining our efforts to share knowledge, innovations and best practices for the benefit of the Islamic banking community’, said Mohammed Kateeb, Chairman & CEO of Path Solutions. ‘It is a privilege to team up with the International Islamic University of Malaysia, who not only shares our vision, but also is in a leading position to help us deliver our growth potential’, Kateeb concluded.