A color imaging system and method, the method comprising, for a plurality of predetermined wavelength bands of illumination, calculating weight coefficients representing the contribution of each of the wavelength bands to a specific color space, individually controlling illumination intervals of each of a plurality of illumination sources, wherein each of the illumination sources is configured to provide illumination via a waveguide in a different predetermined narrow band of wavelengths, controlling an image sensor to capture a set of monochromatic image frames synchronously with the illumination intervals, receiving a set of the captured monochromatic image frames, and generating color image data by calculating a combination of the set of image frames, each weighted by the corresponding coefficient.