Misys Facilitates Masraf Al Rayan's Expansion of Islamic Banking Operations


LONDON, May 6 /PRNewswire/ --     Misys plc (FTSE: MSY.L), the global application software and services
company, today announces that its core banking and trade services solutions
have been selected by Masraf Al Rayan to build a true Islamic solution for
its consumer and commercial customers.

Misys was chosen as the best partner for Masraf Al Rayan over other
solutions from five vendors because of its proven expertise in Islamic
finance and credibility in the region.

"Misys and its core banking solution, Equation, has an excellent track
record in our market for delivering solutions that fully support Islamic
banking and finance," comments Said Mohamed, Chief Operating Office at Masraf
Al Rayan. We have plans to build our business quickly and expand our branch
network rapidly in Qatar and in throughout the region; we therefore needed a
reliable and proven solution that minimized the risk in the project and was
able to scale at the rate at which we are planning to grow."

Masraf Al Rayan, which recently won the "Best New Islamic Bank" award, is
focused on providing commercial and investment banking solutions with an
entirely Sharia'a compliant portfolio of products. It also provides its
customers a range of consumer services such as vehicle, home finance and
goods finance.

The bank is already building a reputation for innovative products and a
high standard of customer service. "We are dedicated to delivering superior
customer satisfaction consistently," continues Said Mohamed. "Misys will
enable us to maintain this excellence."

The trade finance sector in Qatar is growing very strongly, mirroring the
vibrant economy in the country, underpinned by the success of the
petrochemical industry. Exports have surged in recent years, as oil prices
have increased and energy export volumes have grown, coupled with a steady
influx of imports.

As part of the solution from Misys, the bank needed an integrated system
to cope with 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, results

Contact us today, visit: http://www.misys.com

For further information please contact:

    Edward Taylor
    Global Head of Public Relations
    Misys Banking
    +44(0)208-486-1661
    edward.taylor@misys.com

    Sebastian Mathews
    Financial Dynamics
    +44(0)207-269-7158
    sebastian.mathews@fd.com

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