Path Solutions, the industry leading provider of software solutions, announced the signing of a partnership agreement with a top tier Syrian bank, Syria International Islamic Bank.
Headquartered in Damascus, SIIB is one of the first Islamic banks in Syria. With the help of this technology initiative, the bank hopes to become one of the region's leading banks to offer sophisticated Sharia-compliant services.
On this occasion, Abdel Qader Dweik, SIIB General Manager, said:
'The purpose of our partnership with Path Solutions is to give our bank a jumpstart. We have chosen a partner that possesses the skills and technical expertise in delivering ethically-aware banking solutions that will enable SIIB to get a prominent position in the market.'
Qatar International Islamic Bank along with a group of major Qatari investors are behind the joint set up of Syria International Islamic Bank, one of the first Islamic banks in Syria, which has got licenses to open offshoots and start operations in Damascus and many provinces in Syria.
Nazzem Yaghmour, EVP Business Development, Path Solutions confirmed, 'Teaming with SIIB is very important to us. Our second win in Syria significantly expands our footprint in the region. We are confident that with Path Solutions' experience and technological capabilities, SIIB will be able to derive tangible business benefits and satisfy its customers in the times ahead'.