Case Study: BIBD achieves automated, Sharia-compliant treasury transformation with Murex MX.3

BIBD Embraces Prepackaged Murex Solution for Bank Treasury with Islamic Finance Specificities

BIBD (Bank Islam Brunei Darussalam) needed to modernize its treasury to meet stringent international norms, automate front-to-back processes, and support Sharia‑compliant products — all on a tight timeline and with limited internal resources. After evaluating providers, BIBD selected Murex and its MX.3 prepackaged treasury solution to replace legacy manual systems and accelerate digitalization while addressing Islamic finance specificities.

Murex delivered MX.3 with partner-supported implementation and configurable, best‑practice workflows that enabled straight‑through processing, automated pre‑deal limits checks, real‑time market data and unified P&L/risk reporting. The project was completed on time and under budget; measurable outcomes include reducing end‑to‑end deal processing to under 10 minutes, lower error rates, improved front‑to‑back productivity, faster risk decisioning, and a scalable platform for adding Sharia‑compliant products and future multi‑entity expansion.

BIBD

Salman Ashraf

Head of Treasury and Global Markets