Al Salam Bank and J.P. Morgan Payments Feature Overnight Murabaha Liquidity Solution

MANAMA, Bahrain--(BUSINESS WIRE)--Oct 2, 2026--

Al Salam Bank, Bahrain’s largest and fastest growing domestic bank, features the successful implementation of J.P. 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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261002993877/en/

The milestone was featured during the Bahrain Formula 1 Grand Prix in Malaysia attended by senior representatives from Al Salam Bank and J.P. Morgan Payments, underscoring the strength of the longstanding relationship and collective role in advancing financial solutions on a global scale. The Overnight Murabaha offering is increasingly relevant amid growing global demand for Shari’a-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 J.P. Morgan Payments. The solution is designed to enhance liquidity optimization 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 J.P. Morgan Payments, reflecting a shared commitment to innovation and excellence in financial services.

Commenting on the occasion, Rafik Nayed, Group Chief Executive Officer of Al Salam Bank, 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 J.P. Morgan Payments' Overnight Murabaha solution. Our relationship with J.P. 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.”

Hooi Ching Wong, Senior Country Officer, J.P. Morgan Malaysia and ASEAN Head of Corporate Sales, J.P. Morgan 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 recognized 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.

Source:AETOSWire

Al Salam Bank and J.P. Morgan Payments Feature Overnight Murabaha Liquidity Solution (Photo: AETOSWire)

WASHINGTON (AP) — The Group of Seven industrial nations said they agreed to release 100 million barrels of oil, starting with “substantial” amounts of diesel after the fuel recently hit record high prices in the United States, where President Donald Trump said the diesel release would happen “immediately."

Trump and his Republican Party face pressure to address surging prices ahead of November’s midterm elections. Trump announced the action Friday on social media, saying, "Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil. The process will begin immediately.”

The president faces lagging approval ratings as the Iran war and his trade battles have increased U.S. prices for oil and other goods.

Gas prices in the U.S. and abroad have soared during the eight-month-long war, a cost Trump has repeatedly said is worth it for making sure Iran does not obtain nuclear weapons. Trump has insisted prices will come down after the war, though there’s no end in sight.

The national average for a gallon of diesel in the U.S. was $6.37 on Friday, according to AAA, after hitting a record $6.52 on Sept. 22.

Trump had a conversation overnight with French President Emmanuel Macron, the chair of the G7, about the need to address rising fuel prices and the availability of petroleum products, according to the French Embassy in the U.S. Macron on Friday then chaired a videoconference of G7 leaders to discuss the issue.

France holds the rotating presidency of the G7 group and made the announcement in a statement released after video-conference talks that Macron presided over. The International Energy Agency will coordinate the effort to combat soaring fuel prices. “We will implement our commitments with a coordinated release through the IEA of 100 million barrels (MB) to begin immediately over 4 months, including a frontloaded substantial diesel release within the first 20 days by G7 members and partners,” the statement said.

A new AP-NORC poll found that a majority of U.S. adults blame Trump for higher prices, and approval on his handling of the economy hit a new low.

Trump has grown increasingly frustrated with what he sees as a disconnect between his achievements and the public’s view of his work. Trump this week gave himself an A-plus for his work on the economy but said “we’re doing an extremely poor job of promotion.”

President Donald Trump arrives on Marine One on the South Lawn of the White House, Friday, Oct. 2, 2026, in Washington. (AP Photo/Rod Lamkey, Jr.)