Murex Partners with DDCAP Group on Platform Integration for Shariah-Compliant Transactions

Murex has entered into a partnership and platform integration with DDCAP Group in an attempt to make booking and processing of Shariah compliant transactions by financial institutions worldwide more efficient. Prior to the partnership, customers booked and processed Murabahah deals through both Murex and DDCAP separately. Currently, double booking has been eradicated with trade initiation being transferred to MX.3

Why it matters?

When bookings were carried out through distinct platforms it resulted in higher operational costs and the possibility of human errors. Flexible integrated automation has lowered costs of ownership for clients to book Murex. The packaged interface has facilitated the booking of MX.3 Murabahah contracts for clients of Murex with dir...