Ambit Treasury Management for Islamic Banking
Islamic banks face issues such as different interpretations of the Sharia’h, the slow development of Islamic financial instruments, a limited inter-bank market and the absence of an Islamic secondary market, which can strain the bank’s treasury operations. Islamic banks also need to pay special attention to commodity and inventory risk, equity position risk, mark-up risk and transfer risk.
SunGard can help. SunGard’s Ambit Treasury Management for Islamic Banking provides a treasury management system that meets the demands of the compliance-focused Islamic banking landscape. Ambit Islamic Banking provides cash management, debt, investment and currency management as well as strong audit and controls.
Features
- Provides a unified view of data and an embedded set of best practices that can help Islamic banks adhere to Sharia’h principles
- Adapt to the financial instruments the Islamic bank currently uses with the flexibility to support for a wide range of financial instruments that may emerge in the future
- User-definable, parameterized instruments that can be marked for use for borrowing, investment or both
- View cash and predicted usage from a single screen across the business
- Provides accurate cash flow forecasting, consistent and definable financial data, real-time liquidity and risk, enhanced control of global cash flow and productive utilization of existing systems
Benefits
- Provides treasury departments with the tools to drive real business value within a Sharia’h environment
- Allows management of financial risks across product classes
- Lower cost of operations
- Reduce error rates
- Scalable and high performance treasury solution