ETHIX Financial Solution

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Overview

ETHIX by ITS offers a technology solution for the effective delivery of all Islamic banking instruments such as Murabaha, Financing Ijarah, Tawarruq, Salam, Istisnaa and more. The ETHIX Islamic Finance and Microfnance modules facilitate:

The Establishment of finance according to the Shariaa work flow

Installment Payments
Rescheduling ofinstallments
Payoffs
Roll Over Deals
Early Payments
Inventory Management

Key Features

ETHIX by ITS is a flexible, easy to use, user configurable and efficient technology solution that addresses current and future business needs - so that your financial institution can grow, capture market share, and focus on innovation.

Highly parameterized and secure, ETHIX is an end-to-end Islamic Banking solution that meets the full spectrum needs of the Retail and Corporate Banking business including Treasury and Investment and improves branch and department operational efficiency.

Features include:

• The building of a transaction or business rule once and multiple re-uses.

• Flexibility to adapt to changes in technologies, networks and communications and scale up

• Multi Language user interface with bilingual screens, forms, contracts, vouchers and reports generated as per the preferred language of each user or customer.

• Built in engines that facilitate efficient operations while complying with business requirements and validations.

• Multi-currency on all levels.

• Ability to view and effectively manage customer risk.

• Comprehensive messaging and broadcast facility.

• Straight Through Processing (STP).

Rule-based to allow creation and testing of new products.

Real-time online transactions.

Comprehensive printing module for contracts, receipts and reports (in preferred language).

• Flexibility to modify reports dynamically

• Signature Verification for automatic retrieval and validation of signatures.

• Journaling capability stores all transactions details.