{"id":546413,"date":"2023-05-11T11:02:13","date_gmt":"2023-05-11T10:02:13","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=546413"},"modified":"2023-05-11T11:02:13","modified_gmt":"2023-05-11T10:02:13","slug":"boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/","title":{"rendered":"Boubyan Bank implements Murex’s MX.3 platform for Sharia-Compliant Treasury Activity"},"content":{"rendered":"

\"Boubyan<\/a>Murex<\/a>, a global leader in trading, risk and processing solutions for capital markets, announced that Boubyan Bank, a Kuwait-based Islamic financial institution, is implementing MX.3 for Islamic Finance for its Sharia-compliant treasury activity using MXGO.<\/p>\n

MXGO is a packaged, tailored treasury and trading solution based on MX.3 and designed by Murex for fast-growing local banks. The total cost of ownership is reduced through accelerated delivery. MXGO can be delivered on-premises, on the cloud or via a fully managed SaaS approach and leverages a long history of successful treasury implementations.<\/p>\n

Boubyan, which transitioned from its core banking system to run its treasury and capital markets activity, benefits from a front-to-back-to-risk solution that will facilitate the delivery of new products to clients. Products covered include FX spot, forward Waad, FX swap, profit rate swaps, cross currency swaps and sukuks. The scope also includes collateral management, value at risk, accounting and hedge accounting.<\/p>\n

\u201cThe implementation enables Boubyan to increase product offerings and pursue a robust growth strategy,\u201d said Treasurer, Adel Al Mutairi.<\/strong> \u201cIt is very much in line with our desire to maintain market leadership in innovation.\u201d<\/p>\n

Murex, Managing Partner and Co-founder, Phillipe Helou<\/strong> explained that MXGO will help Boubyan achieve fast, seamless implementation. \u201cBoubyan joins several prominent financial institutions in Kuwait that have chosen MX.3, and the latest dynamic local bank to use MXGO to achieve implementation. We are pleased by the collaboration and look forward to a long, fruitful partnership.\u201d<\/p>\n","protected":false},"author":16,"featured_media":544900,"parent":0,"template":"","categories":[11382,11368,11374,11397,11371],"tags":[34420,11968,12430,11971,13953,20720,32646,19907,12338,12460],"class_list":["post-546413","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-cloud","category-core-banking","category-islamic-banking","category-saas","category-treasury-and-capital-markets","tag-boubyan-bank","tag-forex","tag-kuwait","tag-money-market","tag-murex","tag-mx-3","tag-mxgo","tag-shariah-complaint","tag-trading","tag-treasury"],"acf":[],"yoast_head":"\nBoubyan Bank implements Murex's MX.3 platform for Sharia-Compliant Treasury Activity<\/title>\n<meta name=\"description\" content=\"Murex, a global leader in trading, risk and processing solutions for capital markets, announced that Boubyan Bank, a Kuwait-based Islamic...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boubyan Bank implements Murex's MX.3 platform for Sharia-Compliant Treasury Activity\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride in covering 400+ technology vendors globally \u2013 the largest by any analyst firm in this space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/\" \/>\n<meta property=\"og:site_name\" content=\"IBS Intelligence\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ibsintelligence.cmc\/\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/03\/Boubyan-bank-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@IBSIntelligence\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/\"},\"author\":{\"name\":\"Leandra Monteiro\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/person\/a25006eaee3b72fda152942651ea5662\"},\"headline\":\"Boubyan Bank implements Murex’s MX.3 platform for Sharia-Compliant Treasury Activity\",\"datePublished\":\"2023-05-11T10:02:13+00:00\",\"dateModified\":\"2023-05-11T10:02:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/\"},\"wordCount\":250,\"publisher\":{\"@id\":\"https:\/\/ibsintelligence.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/03\/Boubyan-bank-1.jpg\",\"keywords\":[\"Boubyan Bank\",\"Forex\",\"Kuwait\",\"Money Market\",\"Murex\",\"MX.3\",\"MXGO\",\"Shariah Complaint\",\"Trading\",\"Treasury\"],\"articleSection\":[\"Cloud\",\"Core Banking\",\"Islamic Banking\",\"SaaS\",\"Treasury and Capital Markets\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/\",\"url\":\"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/\",\"name\":\"Boubyan Bank implements Murex's MX.3 platform for Sharia-Compliant Treasury Activity\",\"isPartOf\":{\"@id\":\"https:\/\/ibsintelligence.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/03\/Boubyan-bank-1.jpg\",\"datePublished\":\"2023-05-11T10:02:13+00:00\",\"dateModified\":\"2023-05-11T10:02:13+00:00\",\"description\":\"Murex, a global leader in trading, risk and processing solutions for capital markets, announced that Boubyan Bank, a Kuwait-based Islamic...\",\"breadcrumb\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/#primaryimage\",\"url\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/03\/Boubyan-bank-1.jpg\",\"contentUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/03\/Boubyan-bank-1.jpg\",\"width\":200,\"height\":200,\"caption\":\"Boubyan Bank, Murex\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ibsintelligence.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Boubyan Bank implements Murex’s MX.3 platform for Sharia-Compliant Treasury Activity\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ibsintelligence.com\/#website\",\"url\":\"https:\/\/ibsintelligence.com\/\",\"name\":\"IBS Intelligence\",\"description\":\"Financial Technology News & FinTech Research\",\"publisher\":{\"@id\":\"https:\/\/ibsintelligence.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ibsintelligence.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ibsintelligence.com\/#organization\",\"name\":\"IBS Intelligence\",\"url\":\"https:\/\/ibsintelligence.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png\",\"contentUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png\",\"width\":299,\"height\":80,\"caption\":\"IBS Intelligence\"},\"image\":{\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ibsintelligence.cmc\/\",\"https:\/\/x.com\/IBSIntelligence\",\"https:\/\/www.instagram.com\/ibsintelligence\/\",\"https:\/\/www.linkedin.com\/company\/ibs-intelligence\/\",\"https:\/\/www.youtube.com\/channel\/UCLkzPazySerR8DzKFeFFGmw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/person\/a25006eaee3b72fda152942651ea5662\",\"name\":\"Leandra Monteiro\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/969579777895e194275e65d314f361157b2b4d4cb6abd3a718865305880be0a1?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/969579777895e194275e65d314f361157b2b4d4cb6abd3a718865305880be0a1?s=96&d=mm&r=g\",\"caption\":\"Leandra Monteiro\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Boubyan Bank implements Murex's MX.3 platform for Sharia-Compliant Treasury Activity","description":"Murex, a global leader in trading, risk and processing solutions for capital markets, announced that Boubyan Bank, a Kuwait-based Islamic...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/","og_locale":"en_US","og_type":"article","og_title":"Boubyan Bank implements Murex's MX.3 platform for Sharia-Compliant Treasury Activity","og_description":"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride in covering 400+ technology vendors globally \u2013 the largest by any analyst firm in this space.","og_url":"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/","og_site_name":"IBS Intelligence","article_publisher":"https:\/\/www.facebook.com\/ibsintelligence.cmc\/","og_image":[{"width":200,"height":200,"url":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/03\/Boubyan-bank-1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@IBSIntelligence","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/#article","isPartOf":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/"},"author":{"name":"Leandra Monteiro","@id":"https:\/\/ibsintelligence.com\/#\/schema\/person\/a25006eaee3b72fda152942651ea5662"},"headline":"Boubyan Bank implements Murex’s MX.3 platform for Sharia-Compliant Treasury Activity","datePublished":"2023-05-11T10:02:13+00:00","dateModified":"2023-05-11T10:02:13+00:00","mainEntityOfPage":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/"},"wordCount":250,"publisher":{"@id":"https:\/\/ibsintelligence.com\/#organization"},"image":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/#primaryimage"},"thumbnailUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/03\/Boubyan-bank-1.jpg","keywords":["Boubyan Bank","Forex","Kuwait","Money Market","Murex","MX.3","MXGO","Shariah Complaint","Trading","Treasury"],"articleSection":["Cloud","Core Banking","Islamic Banking","SaaS","Treasury and Capital Markets"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/","url":"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/","name":"Boubyan Bank implements Murex's MX.3 platform for Sharia-Compliant Treasury Activity","isPartOf":{"@id":"https:\/\/ibsintelligence.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/#primaryimage"},"image":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/#primaryimage"},"thumbnailUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/03\/Boubyan-bank-1.jpg","datePublished":"2023-05-11T10:02:13+00:00","dateModified":"2023-05-11T10:02:13+00:00","description":"Murex, a global leader in trading, risk and processing solutions for capital markets, announced that Boubyan Bank, a Kuwait-based Islamic...","breadcrumb":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/#primaryimage","url":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/03\/Boubyan-bank-1.jpg","contentUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/03\/Boubyan-bank-1.jpg","width":200,"height":200,"caption":"Boubyan Bank, Murex"},{"@type":"BreadcrumbList","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/boubyan-bank-implements-murexs-mx-3-platform-for-sharia-compliant-treasury-activity\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ibsintelligence.com\/"},{"@type":"ListItem","position":2,"name":"Boubyan Bank implements Murex’s MX.3 platform for Sharia-Compliant Treasury Activity"}]},{"@type":"WebSite","@id":"https:\/\/ibsintelligence.com\/#website","url":"https:\/\/ibsintelligence.com\/","name":"IBS Intelligence","description":"Financial Technology News & FinTech Research","publisher":{"@id":"https:\/\/ibsintelligence.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibsintelligence.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibsintelligence.com\/#organization","name":"IBS Intelligence","url":"https:\/\/ibsintelligence.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/","url":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png","contentUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png","width":299,"height":80,"caption":"IBS Intelligence"},"image":{"@id":"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ibsintelligence.cmc\/","https:\/\/x.com\/IBSIntelligence","https:\/\/www.instagram.com\/ibsintelligence\/","https:\/\/www.linkedin.com\/company\/ibs-intelligence\/","https:\/\/www.youtube.com\/channel\/UCLkzPazySerR8DzKFeFFGmw"]},{"@type":"Person","@id":"https:\/\/ibsintelligence.com\/#\/schema\/person\/a25006eaee3b72fda152942651ea5662","name":"Leandra Monteiro","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibsintelligence.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/969579777895e194275e65d314f361157b2b4d4cb6abd3a718865305880be0a1?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/969579777895e194275e65d314f361157b2b4d4cb6abd3a718865305880be0a1?s=96&d=mm&r=g","caption":"Leandra Monteiro"}}]}},"_links":{"self":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/ibsi_news\/546413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/ibsi_news"}],"about":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/types\/ibsi_news"}],"author":[{"embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/users\/16"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/media\/544900"}],"wp:attachment":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/media?parent=546413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/categories?post=546413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/tags?post=546413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}