Refinitiv partners with DDCAP Group to provide a fully integrated treasury trading workflow for Sharia’a-compliant transactions

DUBAI, UNITED ARAB EMIRATES – 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 AFP^TM.

“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 AFP^TM, 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.

About Refinitiv

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.

About DDCAP Group

Incorporated in 1998 and with offices in London, Dubai and Kuala Lumpur, DDCAP Group is a leading provider of asset facilitation services and financial technology and systems solutions across a diverse range of Sharia’a-compliant asset classes, products and instruments in both the primary and secondary markets. DDCAP Group provides services to its global financial sector clients through its award-winning automated platform ETHOS AFP™. For further information please see: http://www.ddcap.co.uk/

Contacts

Tarek Fleihan
Refinitiv
+97144536527
tarek.fleihan@refinitiv.com

Kurnia Payne
DDCAP Group
+44 207 863 1295
k.payne@ddcap.co.uk