Dukhan Bank Becomes Qatar’s First Islamic Bank to Go Live on Kinexys - Fana News -

RWA Signal Insight
InfrastructureDukhan Bank has officially integrated with Kinexys by J.P. Morgan, becoming the first Islamic bank in Qatar to utilize the Blockchain Deposit Account network. This implementation enables the bank to provide corporate and institutional clients with 24/7 real-time cross-border payments, moving away from traditional settlement delays. By leveraging distributed ledger technology, the bank aims to enhance liquidity management and transparency for its global treasury operations. The move represents a significant milestone in the digital transformation of Islamic finance, aligning modern blockchain infrastructure with Sharia-compliant financial principles. Kinexys, J.P. Morgan’s blockchain unit, now supports eight of the largest banks in the Middle East through this network. This adoption underscores the broader trend of traditional financial institutions adopting programmable payment rails to improve efficiency and settlement speed. Ultimately, the integration highlights how blockchain-based infrastructure is becoming a standard requirement for banks seeking to remain competitive in the global treasury market.
Key points
- Dukhan Bank is Qatar's first Islamic bank to join Kinexys by J.P. Morgan.
- Kinexys enables 24/7 real-time cross-border payments and near-instant settlement for institutional clients.
- Eight major Middle Eastern banks now utilize the Kinexys Blockchain Deposit Account network.
- The integration supports Sharia-compliant digital transformation for corporate treasury and liquidity management.
Background
Kinexys by J.P. Morgan is a blockchain-based platform designed to modernize institutional payment infrastructure. It allows financial institutions to facilitate real-time, programmable cross-border settlements and liquidity management using distributed ledger technology. The platform is specifically engineered to operate 24/7, bypassing the limitations of traditional banking hours and legacy clearing systems.