Since the inception of Path Solutions, Naji Moukadam was keen to spread the name of Path Solutions to new horizons and to new destinations. Moukadam is reputed in the industry for his vigor to drive his company and his team to global fame. Finally, he did it. Today, Path Solutions has strongly established its presence in Kuwait City, Beirut, Manama, London, Kuala Lumpur, Jakarta, Karachi, Riyadh and Khartoum. The company also succeeded to maintain presence through partner companies in other locations around the globe. It is the human drive that made Path Solutions to be known as the global provider of Islamic banking software.
The effect of the turbulence that took place recently in the Kuwaiti market and in Dubai is of course huge. The effect is global and not only regional. Nevertheless, some of the Arab markets have reported some progress like the Saudi and Sudanese markets.
Despite the global and regional financial crunch, Path Solutions is showing growth and expansion and specifically during the tough 2009 year. Presently Path Solutions like any other organization is experiencing market challenges and its management is managing their business through these challenges. "Like any organization, we have faced challenges in the affected markets but we have a five years strategy and we are committed to achieve our objectives. That is why we are expanding in different phases. This year, we opened a new office in Pakistan, designated to be the hub that will service and maintain the company’s growth. We, as well launched a support office in Indonesia in addition to our Malaysia’s branch, in Saudi Arabia, and in Sudan to better serve our customers in Africa," says Naji Moukadam, President of Path Solutions.
Amazingly, Path Solutions is expanding and investing in five countries. For Naji Moukadam; "It is the right time to go and expand operations, have reachability. We are recognized as the market leader when it comes to Islamic banking with an excellent track record, and we are the first company to have been certified by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
Path has successfully weathered the storm. As a result, it is now the right time to expand and capitalize on all that has been achieved from clients’ expansion to market recognition and penetration and increase in manpower."
The secret of our ongoing success is our commitment to our mission and vision. We are not only committed to provide the Islamic Banking and Finance industry a true Islamic Solution, our mission has a higher purpose that is to position Path as the "Thought Leader in Islamic Finance".
Path Solutions’ Corporate Academy is extending its knowledge by establishing partnerships with various educational references, and providing lectures in various local and international universities and financial institutions.
Moukadam attributes the growth of Path Solutions firstly to its focus on Islamic Banking and finance, on its team of professionals and experts and to its loyal customers who believe in Path Solutions’ products.
He believes that Lebanon and Pakistan have the potential to be the best Information Technology (IT) hubs in the region but both need political stability. In Lebanon, there are many companies and many investors who are attracted to invest in the country because of many factors and in specific the human capital. Path Solutions opened its Research and Development centre in Lebanon ten years ago.
"I believe that the Government should look into providing the proper facilities and infrastructure to the IT industry. Actually most of the companies that opened up in Lebanon, they set up their own infrastructure. As for Pakistan, we are strong believers in the Pakistani level of expertise in both information technology and Islamic banking and finance"; he then added "…we are certain that Pakistan is a rich platform for business analysts and subject matter experts, that are capable of creating innovative solutions and tools to match the new market trends, promote diversity and innovation in products and services", Moukadam concludes.
