Our Product

HARLOW’S & MGI SDN BHD acts as a pure broker facilitating inter-bank transactions in wholesale Over-The-Counter (OTC) markets by providing a confidential point of contact for all markets participants local and abroad. The Company takes no speculative positions and is not a principal party to any transactions. Commissions or brokerage fees are earned directly from trade counter-parties.

Islamic Commodity Murabahah

Foreign Exchange Derivatives

Inter-Bank Foreign Exchange Spot and Swap

Inter-Bank Islamic Money Market

Interest Rate Derivatives

Local Bond Market

Local Money Market

Islamic Commodity Murabahah

HMGI is a Commodity Executing Participant to Bursa Suq Al-Sila (a wholly owned subsidiary to Bursa Malaysia), a commodity trading platform specifically dedicated to facilitate Islamic liquidity management and financing by Islamic banks. HMGI extends its services to facilitate the execution of the Islamic commodity Murabahah contracts for its Islamic institutional clients.

Foreign Exchange Derivatives

The agency broking service in the Malaysian foreign exchange market is limited to the approved inter-bank financial institutions in Malaysia and abroad.

 HMGI covers most of the major currency derivatives in the world.

Inter-Bank Foreign Exchange Spot and Swap

HMGI provides prices on Ringgit and major foreign currencies in both spot and swap.

Inter-Bank Islamic Money Market

Money Market Islamic products include inter-bank Murabahah borrowing and lending, Islamic Bankers Acceptance and Negotiable Islamic Certificate of Deposits and Bank Negara Negotiable Notes and Islamic Commercial Papers. HMGI also provides data information that covers a wide range of information from general market commentary to highly specialized real time market data to wide spectrum of the Malaysian financial market participants.

Malaysian Interest Rate Derivatives

This includes Forward Rate Agreement (FRA) and Ringgit Interest Rate swap (IRS). As this market is still relative new in Malaysia, HMGI extends its agency broking services to the approved inter-bank financial institutions in Malaysia.

Ringgit Bond Market

With the phenomenal growth in size in the Ringgit bond market, the role of an independent market intermediary gets more crucial in providing the necessary price discovery function in the secondary bond market. This would in effect enhance the liquidity condition and depth of the Ringgit bond market. HMGI is one of the market leaders providing institutional participants with competitive live-prices and up-to-date information on the Ringgit bond market.

Ringgit Money Market

The agency broking service in the Ringgit money market is limited to the approved inter-bank financial institutions in Malaysia. The products include inter-bank Ringgit borrowing and lending, Repurchase Agreements, Bankers Acceptance and Negotiable Certificate of Deposits. HMGI does provide data information and constant live prices in the Ringgit money market.