KUALA LUMPUR: SEDANIA As Salam Capital (SASC), a wholly owned subsidiary of Sedania Innovator Bhd
, continues to strengthen its position as a key enabler of shariah-compliant digital banking infrastructure with the deployment of its As-Sidq digital commodity trading platform within ATLAS by Bank Muamalat Malaysia Bhd.
In a statement today, the investment holding company said the implementation extends As-Sidq's reach across a growing network of financial institutions and digital platform players that have adopted it as their shariah-compliant transactional backbone.
"As Islamic financial institutions accelerate their digital transformation, demand is growing for shariah-compliant infrastructure that is purpose-built for digital banking, where shariah governance and operational integrity are inseparable from the digital experience itself - not layered on top of it.
"As-Sidq was built for exactly that shift. The platform enables tawarruq-based deposit and financing transactions to be executed through digital commodities, allowing institutions to operate at scale without reliance on legacy systems,” it said.
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