Thomson Reuters tweaks Kondor+ for Islamic market

Thomson Reuters has launched a risk management system specifically tailored for Islamic banking. Kondor+ Suite for Islamic Banking is a real-time trade and risk management platform that provides front-to-back and cross-asset coverage for Islamic banks as well as Islamic windows in conventional banks. The new offering is designed in accordance with Shariah banking rules under which financing and investment techniques are based on profits from trades rather than the paying and receiving of inte