Islamic Treasury is established as a business within the Global Treasury primarily to provide access to Shariah compliant Treasury products, as approved by the bank’s Shariah Board. The business is responsible for Asset and Liability Management of the Islamic Banking balance sheet and risk management of related profit rate as well as foreign exchange exposures. Managing flows from the largest Islamic window operation of the largest conventional bank in Pakistan, Islamic Treasury takes advantage of opportunities in the Islamic Treasury space particularly in the area of commercial and trade activity in order to enhance the returns to our Islamic depositors.
Acceptance of funds is an unsecured short-term money market mode of accepting funds from Banks/Financial Institutions.
Bai Mujjal: Bai Mujjal is the Arabic equivalent of “sale on deferred payment basis.” Bai Mujjal is needed for deployment of liquidity of HBL - Islamic Banking (HBL-IB).
Placement of Funds: Placements of funds is a form of unsecured short-term investment, whereby banks place funds with other Banks/financial institutions. Placement of funds is a money market investment mode.
Islamic FX transaction: A foreign exchange transaction is an agreement between two parties to buy one currency against selling another currency at an agreed exchange rate for settlement on the agreed date
Our customers can protect themselves from exchange rate risks arising out of volatile currency movement scenario using our Forward Cover offering. A Shariah Compliant forward exchange contract between bank and its customer is where rate of exchange is fixed immediately, for the buying and selling of one currency for another, for delivery at an agreed future date.