Kuwaiti company wins best technical information award in Islamic industry.
award of best technical information in the Islamic finance industry during the
Kuala Lumpur Islamic Finance Forum. Malaysian Minister in the Prime Minister's Office in the economic
development unit Nor Mohamed bin Tackcop, who sponsored the event, told told
KUNA that a large number of Kuwaiti companies work in the Malaysian market,
achieving much success in its fields. He welcomed all companies working in the local market, especially in the
Islamic finance field, adding that the technical services in the Islamic banks
is one of the key developmental factors in this industry. The Director General of Path Solutions's Malaysia branch office, Rohana
Abdulmen'am, told KUNA that the company was worthy of the award for the
remarkable services it offered in the Islamic finance field. All the companies services are based on the teachings of the Islamic
Sharia, recommended by Accounting and Auditing Organization for Islamic
Financial Institutions (AAOIFI), and International Accounting Standards (IAS),
she affirmed. The company served this industry by offering all the technical solutions
needed by the financial institutions, inclusive of the banking services,
investment, treasury organization, management of money and trades, arranging
the order of the list of responsibilities and profit calculations. The company is offering its services according to 'iMAL' program, which is
capable of resolving risk management in assets and debts, besides management
of deals, she stated. 'iMAL' offers Islamic financial institutions a comprehensive solution that
addresses all their operational requirements, and fully supports various
functions within an organization, including Core Banking, Investments,
Treasury, Settlements, Funds Management, Trade Finance, CIF Management,
Portfolio Management, Fixed Assets, Personnel and Payroll, Profit Calculation,
Asset and Liability Management.
Path Solution headquarters is located in Kuwait, and has many branches in
many countries, namely: Manama, Riyadh, Dubai, Karachi, Beirut, Cairo,
Khartoum, Nairobi, Jakarta, Kuala Lumpur and London.
All KUNA right are reserved 2007.
Provided by Syndigate.info an Albawaba.com company
|Printer friendly Cite/link Email Feedback|
|Publication:||Kuwait News Agency (KUNA)|
|Date:||Aug 4, 2010|
|Previous Article:||Tokyo stocks see biggest fall in three weeks.|
|Next Article:||Kuwait Economic Society, British Council launch 2nd phase of Global.|