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

Dukhan 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.