Misys Facilitates Masraf Al Rayan's Expansion of Islamic Banking ...(h this growth and to manage the entire t...),Health

Date:5/6/2008

h this growth and to manage the entire trade finance operations from the front office to the transaction processing in the back office. Misys Trade Innovation and the front-end solution, Misys Trade Portal, were selected as part of the agreement with the bank to handle the expanding volumes and value of trade transactions, both through letters of credit and open account.

Roy Froud, Head of Middle East and Africa, Misys Banking, states, "Masraf Al Rayan has very clear expansion plans both organically and through potential acquisitions. We are delighted that it has chosen our highly flexible and scaleable solution and our in-depth knowledge of and excellent track record in Islamic finance. The advanced functionality and stability of our integrated core banking and trade finance solution will fully support the bank's Islamic finance products and services. We welcome Masraf Al Rayan to our network of more than 120 financial institutions in the region, seven of which are in Qatar. We very much look forward to supporting the team as it continues to grow the business and add value to its customers."

About Misys plc

Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys is a market leader, serving more than 110,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.
Misys: experience, solutions, r
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SOURCE Misys plc Copyright©2008 PR Newswire. All rights reserved

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