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Al Salam Bank has announced the successful implementation of JP Morgan Payments' Overnight Murabaha solution as the first bank globally to adopt the service as a key part of its asset and liability management framework.
The implementation of this innovative liquidity management tool reflects Al Salam Bank's pioneering approach to treasury and liquidity management while reinforcing its commitment to adopt advanced solutions to enhance efficiency and performance.
The milestone was featured during the Bahrain Formula 1 Grand Prix in Malaysia attended by senior representatives from Al Salam Bank and JP Morgan Payments, underscoring the strength of the longstanding relationship and collective role in advancing financial solutions on a global scale.
The offering is increasingly relevant amid growing global demand for Sharia-accepted financial services, particularly across Asia, where the Islamic finance ecosystem continues to expand.
Launched in 2026, the Overnight Murabaha solution enables banks to generate Murabaha-based overnight returns on balances held within nostro accounts with JP Morgan Payments.
The solution is designed to enhance liquidity optimisation and strengthen treasury operations by enabling banks to deploy short-term funds more efficiently.
This collaboration marks a significant step forward in the longstanding relationship between Al Salam Bank and JP Morgan Payments, reflecting a shared commitment to innovation and excellence in financial services.
Commenting on the occasion, Al Salam Bank group chief executive Rafik Nayed said: "This collaboration marks a key milestone in the evolution of liquidity management across the financial services sector, with Al Salam Bank becoming the first bank globally to implement JP Morgan Payments' Overnight Murabaha solution. Our relationship with JP Morgan Payments reflects a clear strategic priority of translating global connectivity into practical capabilities. This pioneering implementation underscores our commitment to advancing banking solutions through innovation that addresses evolving business needs."
J. Morgan Asean head of corporate sales and JP Morgan Malaysia senior country officer Hooi Ching Wong said, "Our longstanding relationship with Al Salam Bank is built on trust and a shared commitment to developing solutions for a changing treasury landscape. This collaboration demonstrates the value of combining our global payments capabilities with a deep understanding of our clients’ requirements."
The introduction of this solution reinforces Al Salam Bank's continued focus on enhancing its treasury and financial institutions' capabilities through the adoption of globally recognised best practices. Through strategic collaborations and differentiated offerings, the bank continues to support the development of the Islamic finance industry while delivering tangible value to its stakeholders.
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