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Refinitiv Partners With DDCAP Group To Provide A Fully Integrated Treasury Trading Workflow For Sharia'a-Compliant Transactions
 

Dubai, UAE, November 22, 2018:   Refinitiv, formerly the Financial & Risk business division of Thomson Reuters, has signed a partnership agreement with DDCAP Group (“DDCAP”), a leading provider of asset facilitation and trade execution services, to offer financial institutions a fully integrated treasury trading workflow for Sharia’a-compliant transactions.  

The partnership provides clients in the banking and finance sector with a joint value proposition for Sharia’a-compliant transactions that supplements the functionality of Refinitiv’s treasury trading platforms with DDCAP’s real-time trade execution and post trade services platform, ETHOS AFPTM.

“The Refinitiv Islamic Deal Adapter, developed on Eikon Open Platform, is a treasury trading platform for Sharia’a-compliant transactions that allows customers to fully automate their Islamic deal workflow. DDCAP is the leading treasury and capital markets intermediary in the Islamic Financial Services Industry and this partnership will bring our respective technologies together in order to offer clients a unified and integrated workflow,” said Nadim Najjar, Managing Director, Middle East & Africa, Refinitiv. 

“With the integration of the Islamic Deal Adapter and DDCAP’s ETHOS AFPTM, we will be able to provide an efficient, single solution to the Sharia’a-compliant institutional marketplace for trade execution,” added Najjar.

Stella Cox CBE, Managing Director of DDCAP said “We are delighted to be working with Refinitiv on this innovative and ground-breaking development.  We are constantly investing in our systems technology, with the objective of enhancing and improving our services to our clients. Our strategic partnership with Refinitiv will allow the delivery of a single seamless transaction solution to the Sharia’a-compliant institutional marketplace.  We believe this will result in significant trade execution and operational efficiencies for our clients.”

DDCAP is a leading market intermediary in the Islamic financial services industry, providing structuring support and value-added services to connect the global Islamic financial market responsibly across a diverse range of products and asset classes, including treasury, capital markets, fund management and consumer banking. 


Posted by : Dubai PR Network Editorial Team
Viewed 5588 times
PR Category : Banking & Investments
Posted on : Thursday, November 22, 2018  3:06:00 PM UAE local time (GMT+4)
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