ETHIX-Treasury handles the Islamic instruments in the following markets

  • Fixed Income and Money Market
  • Foreign Exchange Market
  • Capital Market

Fixed Income and Money Market products involve short-term borrowing and lending based on maturities with time frames equal to one year or shorter. These products are based on the below Islamic contracts:

  • Commodity Murabaha
  • Reverse Murabaha
  • Mudarabah
  • Wadiah
  • Wakala
  • Qard Hasan

The Money Market products provide comprehensive support for Islamic placement, borrowing and deposits, for all terms and rates. It generates maturity cash flow schedule as well as daily profit accruals
for each profit period. The system allows early partial redemption or pre-maturity of placements,
and rollovers. The module also caters to various profit calculation formulas.
Foreign Exchange products involve buy/sell of a specified amount of foreign currency at an agreed
upon exchange rate on an agreed date in the future.

  • Islamic Forex
  • Islamic FX Forward
  • Islamic FX Swap / Exchange of Deposit

The Foreign Exchange products allow tracking and monitoring of all foreign exchange transactions
done, such as spot and forward dated deals. The system facilitates the monitoring of positions that
arises from investments in foreign currencies.

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