ETHIX-PCD provides financial institutions with facilities to calculate profits. Calculations of profit and loss is reflected by the income and expenses across financial and investment transactions funded by a bank. Based on Shari'ah compliant Balance Sheet and profit and loss formats, ETHIX-PCD allows financial institutions to specify the rules for distributing profits.
ETHIX-PCD does not only calculate the profit and distribute it effectively, but it also enhances the capability to do the profit rates calculations several times till the bank reaches the decision about the proper profit rate to be distributed.
ETHIX-PCD is built based on a wide range of parameters to guarantee a total coverage of all Islamic profit methods that exist. Only with one-time setup for these parameters, the bank can utilize the net income during the calculation period and distribute it among all investors according to Shari'ah rules.
Product Flexibility: By developing new products within minutes ETHIX-PCD speeds up product management considerably. Such products can adapt easily to the business line and the set strategy.
Multi-currency Support: ETHIX-PCD calculates profit of various deposit products in any required currency.
Compliance with Rules: Based on Shari'ah compliant Balance Sheet and Profit and Loss formats, ETHIX-PCD allows financial institutions to specify the rules for distributing profits.