MISSION STATEMENTTo be the market leader for the fi nancial industry and in specifi c the Islamic Banking industry

in providing the best innovative, high quality, rich featured and integrated solutions complemented by the most comprehensive set of consulting, implementation and support sevices.

Our solutions and services allow our customers to realize their full potential by facilitating effi ciency and enabling competitive advantage.

Path Solutions is commited to providing the highest quality of IT solutions and services focusing on: People, Processes, Partners and Products.

UNCOMPROMISED COMMITMENT

“New capabilities emerge just by virtue of having smart people with access to state-of-the-art technology.”

Robert E. Kahn

ABOUT US

Founded in 1992, Path Solutions

is a recognized market leader specialized in

the provision of software solutions for the

banking industry with a specialized coverage

for Islamic Financing and Investment Banking.

We offer a wide range of Islamic,

AAOIFI-certifi ed and IAS-compliant integrated

solutions covering Core Banking, Customer

Services Management, Investment Banking,

Funds Management, Treasury and Trading

in GCC and Global Capital Markets.

Our offerings include project management

and integration, strategic planning,

consulting services and outsourcing

that address the whole spectrum

of the global fi nance industry and

in specifi c the Islamic fi nance industry.

Path Solutions retains its commitment

in contributing to the empowerment

of the Islamic fi nance

industry in the New Economy, through

its Headquarters in Kuwait City, its Research

and Development centre in Beirut

and its support offi ces in Manama, London,

Karachi and Kuala Lumpur, while maintain-

ing a presence through partner companies

in other locations around the globe.

Path Solutions prides itself on the quality

of products and services it offers.

All of our business lines are certifi ed

as ISO 9001:2000 compatible.

VISION

To be the most trusted and innovative

provider of information technology

and services for the fi nancial industry.

STRENGTH

Path Solutions provides robust solutions

for the Islamic and investment banking segment.

At the time when Islamic banking was still

in its infancy, Path Solutions focused

on designing and developing integrated

solutions to specifi cally address the needs

of the Islamic fi nance sector.

OBJECTIVE

Our objective is to aggressively invest

and continuously anticipate banking

technologies to establish revolutionary

standards in the global Islamic

fi nance industry. Therefore, we invest

relentlessly in research and development

to make the most of an ongoing IT revolution

that promises incredible advances

in Islamic fi nance.

COMMITMENT

Committed to excellence and guided

by the highest standards of business ethics,

we employ highly motivated and dedicated

team with extensive business know-how

to ensure total customer satisfaction,

and we strive to uphold our good reputation.

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ISO 9001 - 2000

025029

PEOPLE

Path Solutions’ team constitutes

of full time experts and consultants

that have subject expertise in:

• Banking and Investment

• Finance

• Business

• Accounting

• System Engineering

• Information System Security and Audit

• Design, Development and Implementation

QUALITY DIRECTION

Path Solutions is committed

to provide the highest quality

of IT solutions and services focusing on:

• People: We involve our people,

continuously train and educate

them and share a common team spirit.

• Processes: We continuously improve

our processes, products

and services based on feedback

and latest technologies.

• Partners: We value long term

relationships and open

communications with our customers,

associates and partners.

• Products: We deliver world-class

end-to-end solutions that meet

the industry’s needs.

Path Solutions’ 4P Quality Directions

are designed to maintain

our commitment in delivering

quality services that exceed

all expectations.

At Path, we keep our promises.

AREA OF FOCUS

Path Solutions’ offerings consist

of a large portfolio of products,

software analysis, services and expertise

for the following major business segments:

• Islamic commercial banking

• Islamic investment banking

& funds management

• Islamic retail consumer

fi nancing companies

• Investment banking & funds management

• Consumer fi nancing companies

BUSINESS KNOW-HOW

The extensive business know-how, best

practices and in-house knowledge base,

in the fi eld of Banking and Finance

at a global level and Islamic Banking

and Finance at a specialized level,

are refl ected in every single interaction

with our qualifi ed, competent

and experienced business consultants.

With proven methodologies, excellent

track record, and zero learning

curves, our customers benefi t

from faster and effective implementations.

STRATEGIC APPROACH

Intense competition in banking and fi nance

shorten product life cycles.

To overcome challenges, Path Solutions has

focused on delivering fi nancial institutions

with technological innovations to further

speed their development and growth analysis.

SOLUTION FLEXIBILITY

Being user defi nable and modular

in approach, our solution offers total fl exibility.

This allows our clients to select only those

modules that are required

to support their own business requirements.

It also means that the solution can be

fully parameterized to enable our clients

align with industry best practices.

SOLUTION SCALABILITY

Our solution is designed to offer

our customers the opportunity to grow

as their business evolves, without any

system restrictions and with minimum

disruption to their banking operations.

SINGLE SUPPLIER

Path develops IT solutions to the complex

fi nancial industry, based on a modular

approach, and at the same time,

ensures full and seamless integration

among the different modules.

With the breadth and depth of our products

and services, our clients can benefi t from

the lowest Total Cost of Ownership

by dealing with a single supplier.

SYSTEM OPTIMIZATION

Next generation devices demand

faster ramps and stronger expertise

in the continuously challenging

and dynamic fi nancial environment.

Our broad range of professional

support services is fi ne-tuned

to meet customers’ requirements

by driving increased productivity

while improving uptime.

Such practices have a direct

and tangible impact

on bottom-line profi tability.

SUPPORT CENTRE

Our knowledgeable support team is famed

for its extensive business and technical

know-how to respond to the customer

queries and concerns as to ensure

immediate and prompt support.

A range of services including consultancy,

project management, training

and assistance are made available

by Path Solutions’ team when needed.

TECHNOLOGY

In the new economy, technology is a key

driver of competitive advantage.

With Path Solutions, the web

technology is effectively used

to let the user be on top of the business

irrespective of the physical location.

OPEN SYSTEM STANDARDS

All Path Solutions’ products are based upon

the open system topology.

Those products can be operated on any

platform in a client server environment.

This product capability provides

our clients with the freedom

to choose from a wide range of available

platforms that meet their set standards.

INFORMATION ENABLER

The benefi t of an automated system can be

realized to its maximum potential if the user

is enabled with proper information

to make better business decisions.

Our solution empowers clients,

through timely and accurate information,

to better service their customers

and to achieve effective control internally.

07

Standard built-in reports and the use

of industrial standard tools can satisfy

customers’ needs for any inquiries,

analysis or modeling.

MULTILINGUAL SYSTEM

The value proposition of the products

and services offered by Path Solutions

is based upon customers’ serviceability.

One of these backbones

is the production of multilingual

statements to customers

of the Islamic fi nancial institutions.

This is done with minimal data entry

at the outset of the system’s

parameterization, whiles the production

of the various statements, advices,

is done automatically by the system

without manual intervention by the end-user.

EFFECTIVE RISK MANAGEMENT

The establishment of a risk management

program is, in itself, a risk control.

Our solution - in compliance with Basel II

& AML - enables our customers to contain

the risk element before they get exposed

to a higher degree of risk through

an effective risk management, which is

built into every single transaction that

is undertaken in the system.

The operational control environment ensures

that the risk management activities are:

• Authorized

• Accurately recorded

• Appropriately reported

• Providing safeguards to the organization assets.

To empower banking, Path Solutions has developed iMAL, an AAOIFI-certified competitive advantage-providing a broad range

of products and services to various functions within the organization.

UNLIMITED CAPABILITY

“Technology means the systematic application of scientific knowledge to practical tasks.”

John K. Galbraith

iMAL ISLAMIC BANKING

& INVESTMENT SYSTEM

The Islamic banking system provides

a comprehensive range of offerings,

clearly a revolutionary alternative

to the conventional banking system.

It caters to the needs of all individuals

and businesses irrespective of race,

color or creed.

Islamic banking has emerged

along Islamic principles.

It is practiced as per the Islamic law

as prescribed in the Sharia known

as “Fiqh al Muamalat” or Islamic rules

on transactions which prohibit interest

on both loans and deposits. It operates

on the principle of sharing both profi ts

and risks by the borrower

as well as the lender.

While involving the above, Islamic

banking prohibits activities which

are forbidden by Islam such as fraud

in business dealings, gambling, etc.

To empower banking, Path Solutions

has developed iMAL, an Islamic

competitive advantage-providing

a broad range of products and services

to various functions within

the organization, including:

• Core banking

• Investments

• Treasury

• Settlements

• Funds management

• Trade fi nance

• Central information fi le management

• Portfolio management

• Facilities credit operation

• Fixed assets

• Personnel and payroll

• Nostro Vostro management

• Profi t calculation

• Assets and liabilities management

• Risk management

iMAL is based entirely on the Sharia guidelines

for the purposes of trade related to Morabaha,

Modaraba, Ijara, Istisnah, Salam, project

fi nancing, real estate and others.

All iMAL modules, business processes,

contracts, Islamic accounting treatments,

implications and behaviour

are certifi ed by AAOIFI (Accounting

and Auditing Organization for Islamic

Financial Institutions) and in full

compliance with IAS (International

Accounting Standards).

iMAL is a Sharia-compliant product

rich in opportunities for increasing revenue;

It enables a 360° view which

enhances customer service and increases

cross selling opportunities.

In addition, iMAL helps fi nancial

institutions implement a fl exible,

cost-effi cient infrastructure

with instant access to accurate,

up-to-the minute fi nancial updating

in order to make informed

operational and strategic decisions

at a moment’s notice.

This comprehensive approach produces

a higher Return On Investment to our clients.

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iMAL also helps improve purchasing,

budgeting, invoicing, forecasting

and inventory management to further

increase productivity and business

profi tability (powerful bank reporting, cash

fl ow management, easy reconciliation…).

The system also generates multiple reports

in the following categories:

Bills of Materials, General Ledger,

Inventory Control, Multidimensional

Analysis, Multicurrency Management,

Receivables Management and more…

Positive changes are included,

such as reducing the time for performing

month-end closings, simplifying

data entry and accelerating

administrative processes, or ensuring

that banking information is fully reliable.

With iMAL, clients can achieve:

• Effi cient speed of service

• Precision of documentary cycle

• Electronic reconciliation-quick notices

• Low operation cost (competitive

cost structure)

• Prompt dispute resolution:

legal, collection, valuation, procedures, etc…

ISLAMIC RETAIL CONSUMER FINANCE

Path Solutions is a major global developer

and supplier of software solutions

to the Islamic fi nance industry.

Islamic Retail Consumer Finance

is created and governed

by the Islamic law or Sharia.

Thus, all dealings related to consumer

fi nancing, all transactions, business

approaches, product features, investment

focus and responsibilities are derived

from the “Fiqh al Muamalat” itself.

With Islamic Retail Consumer Finance,

fi nancial institutions will be able to manage

quickly and reliably, from initiation

to completion, all banking transactions.

The solution also provides clients with

the tool to effectively manage their assets

and liabilities, to optimize performance,

availability and business value.

On the operational front, Islamic Retail

Consumer Finance automates the following:

• CIF

• Credit authorization data capture

• Sales and purchases transactions

• Installments and contracts management

• Collection and legal escalation

• On-line credit approval with full

workfl ow cycle

• Reconciliation with third parties

(banks, funds…)

Islamic Retail Consumer Finance solution

is integrated in a homogenous manner

with all other relevant satellite systems.

Specifi cally, the solution is integrated

with general ledger, accounts receivable,

accounts payable, inventory management,

purchase order management

and consignment control.

Additionally, Islamic Retail Consumer Finance

can be integrated with the Enterprise Islamic

Banking Solution iMAL, to effectively address

the source and usage of funds,

covering the following areas:

• Off balance sheet positions

from conventional banks or funds

(either listed or unlisted, as well as internally

managed portfolios)

• Yield management of funds by size

of subscriber and term of deposit

• The ability to provide periodic liquidity

(i.e. daily, weekly, monthly, etc..)

in coordination with your partner acting

as market maker for Ijara or Murabaha Funds

• The ability to electronically effect periodic

distribution of profi ts as desired

(i.e. eliminating the manual process

and its costly back-offi ce requirements).

Through Islamic Retail Consumer Finance,

manual and redundant data entry is eliminated

with access to enhancements and updates,

thus achieving accuracy and effi ciency

of the operational workfl ow.

13

iMAL Enterprise Banking Solution’s Architecture

IVR(Third Party) Connect Anywhere Kiosk

AswaqTrading

SMSBanking

CSMRelationship

ManagerATM

Broker

CSMBranches Blotter

CUSTOMER SERVICE MANAGEMENT

CUSTOMER SERVICE MANAGEMENT OPERATIONSFOR COMMERCIAL BANKS

CUSTOMER SERVICE MANAGEMENT OPERATIONSFOR INVESTMENT BANKS

CUSTOMER SERVICE & DELIVERY CHANNELS

BUSINESS VERTICALS

Accounting & Budget Control

CORE BANKING OPERATIONS

BatchProcessing CIF FinancialTemplateReports IslamicProfitCalc

BUSINESS INTELLIGENCE

Balanced Scorecard / DashboardsBasel II

RiskManagement ProfitabilityAnalysis SalesAnalysis RatioAnalysis

SWIFT

IntegrationManager

SAFECDG / RTGSBroker

ExchangeRatesBoardDynam

icFilesReuter

Bloomberg

MarketProd

FASTaskM

anagerPPS

SharegAlerts

ReportDesignerSADS

IslamicInvest

FacilityMgmt

IslamicRetail

Finance

IslamicCorporateFinance

IslamicTreasury

TradeFinance

Assets DirectInvest

Lending RetailFinance

CorporateFinance Treasury Transfer

Pricing

UNMATCHED FLEXIBILITYBeing user definable and modular in approach, our solution offers total flexibility.

This allows our clients to select only those modules that are required to support their own business requirements.

“Any sufficiently advanced technology is indistinguishable from magic.”

Arthur C. Clarke

PROJECT MANAGEMENT

Project management is a carefully planned

and organized effort specially when

implementing a new IT system.

The process includes developing a project

plan with defi ned project goals and objectives,

specifying the needed resources

and associated budgets and timelines

for completion. It also includes implementing

the project different phases according to plan,

including feasibility study, project

planning, implementation, evaluation

and support/maintenance.

Path Solutions’ project managers

are determined to administer and accomplish

any project in an optimal manner.

IMPLEMENTATION & TRAINING

Once a fi nancial institution has identifi ed

the right project implementation processes,

it is time to put them into action.

Path Solutions helps introduce best practice

implementation and training processes

to facilitate the development

of business quality standards.

Path Solutions’ system implementers

and training personnel conduct

implementation and technical training

respectively at customer site for its staff

to effectively exploit it.

Moreover, if the required training is,

in some cases, conducted at Path Solutions’

premises, the bank employees would

be completely dedicated to the training exercise.

BUSINESS CONSULTANCY

At Path Solutions, our team of business

consultants, famed for its skillful

maneuvering and expertise, applies

innovative thinking, practical tools,

services and high-quality technology

to bring business value.

They are ready to assist in several required

assignments such as fact fi nding exercise,

system implementation, outsourcing, business

engineering, etc. with the aim of providing

distinguished services to customers.

SYSTEM ADMINISTRATION

System administration outsourcing is certainly

the step that the bank should consider.

Path Solutions has made this service available

to customers with remote-access diagnostics,

so they can proceed speedily and banks

can work in the most productive manner.

System administration is handled

by certifi ed system engineers in the area

of RDBMS, operating systems, networking,

Internet as well as hardware.

RESEARCH & DEVELOPMENT

As part of its continuous improvement

of the product, our R&D team follows closely

the market through our customers’ feedback,

industry research on market trends

and focused input from our users groups.

The outcome of our R&D team is integrated

in our product development cycle to ensure

continuous improvement of the product

functionality, thus providing our customers

with a state-of-the-art solution.

Path Solutions’ Outstanding Services

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PATH SOLUTIONS’ CORPORATE ACADEMY

Due to today’s market changes,

training activity has become

a strategic issue and a key success

element for Path Solutions since

the human factor has become

the major element to establish

and maintain a relevant and successful

competitive differentiation.

To succeed in achieving the company

objectives and plans, it is not important to

only come up with innovative creative concepts;

what is more important is an effi cient execution.

In this respect, Path Solutions has launched

its Corporate Academy, in order to maintain its

market leadership in terms of operations

and people development.

The Academy’s strategy is:

• To determine key initiatives

and measures of success

• To assess current team members’ strengths

and commitment to the change process

• To create an indispensable rollout learning

plan and to ensure that it touches every

part of the organization

• To partner with leading educational

and training institutions to achieve personal

and business excellence through

investment in people

• To develop standard or customized

seminars/training programs to clients

and other end-users who are new

to the Islamic banking industry

to master the fundamentals.

Path Solutions’ Corporate Academy was

founded to provide innovative series

of business and technology programs as well

as trainings on iMAL modules to Path’s clients

and other end-users.

Path Solutions’ commitment in providing

innovative and high quality software solutions

and services is constantly reviewed to ensure

that it continues to meet the needs

of the Islamic fi nance sector.

Our knowledgeable support team is famed for its extensive business and technical know-how in responding to the customer queries

and concerns as to ensure immediate and prompt support.

UNCONDITIONAL SUPPORT

“Islamic finance is the art of passing currency from hand to hand.”

Robert W. Sarnoff

Kuwait: P.O.Box 592 Safat 13006 Tel: +965 24824600 Fax: +965 24824500

Bahrain: P.O.Box 2568 Manama Tel: +973 17214072 Fax: +973 17214073

Lebanon: P.O.Box 15-5195 Beirut Tel: +961 1 697444 Fax: +961 1 696744

United Kingdom: First floor, 4 Lombard street, EC3V 9HD, London Tel: +44 (0) 207 190 2860 Fax: +44 (0) 207 190 2861

Malaysia: Level 40, Tower 2, Petronas Twin Towers Kuala Lumpur City Centre

50088 Kuala Lumpur Tel: +603 2168 4261 Fax: +603 2168 4607

Pakistan: First Floor, Bahria Complex III, MT Khan Road, Karachi 74000 Tel: +92 21 520 2925 Fax: +92 21 563 5388

Website: www.path-solutions.com

Email: info@path-solutions.com