About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Briefs

Boubyan Bank Implements Murex MX.3 for Sharia-Compliant Treasury Operations

Subscribe to our newsletter

Kuwait-based financial institution Boubyan Bank has successfully deployed the Murex MX.3 platform to enhance its Sharia-compliant treasury operations. The implementation aims to support the bank’s scalability and meet evolving business needs while adhering to international best practices. This initiative underscores Boubyan’s commitment to offering innovative Islamic financial solutions with faster time-to-market and improved risk management capabilities.

Murex has customised its platform to accommodate the specific requirements of Islamic finance. The company serves over 300 global clients, including over 15 banks trading Islamic products across the Middle East, Africa, and Asia Pacific regions.

“The growth of Islamic finance in today’s challenging regulatory and legal landscape is pushing institutions offering Sharia-compliant products to innovate, streamline operations, and enhance risk management,” commented Marc Farah, senior business development manager at Murex. “The MX.3 for Islamic Finance solution provides banks with a competitive edge. It not only offers a comprehensive catalog of Sharia-compliant payoffs, but also optimizes operational efficiency through automated post-trade processes and a preconfigured setup. We are confident that financial institutions in Kuwait and the region will see similar success with the implementation of our solution.”

The project was executed in partnership with Sequel, a Murex associate partner, which managed system integration, migration, and post-launch support for the platform.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The future of market data – Harnessing cloud and AI for market data distribution and consumption

Market data is the lifeblood of trading, but as data volumes grow and real-time demands increase, traditional approaches to distribution and consumption are being pushed to their limits. Cloud technology and AI-driven solutions are rapidly transforming how financial institutions manage, process, and extract value from market data, offering greater scalability, efficiency, and intelligence. This webinar,...

BLOG

LSEG and Microsoft Deepen Partnership to Power AI Agents with Financial Data

The London Stock Exchange Group (LSEG) and Microsoft are taking the next step in their strategic partnership, announcing a plan to transform how financial services professionals interact with data by embedding LSEG’s vast datasets into Microsoft’s AI ecosystem. The collaboration will enable users to build and deploy customised AI agents, or ‘Copilots,’ within their daily...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

The Data Management Implications of Solvency II

Bombarded by a barrage of incoming regulations, data managers in Europe are looking for the ‘golden copy’ of regulatory requirements: the compliance solution that will give them most bang for the buck in meeting the demands of the rest of the regulations they are faced with. Solvency II may come close as this ‘golden regulation’:...