Contents
1. Preface
1.1 Introduction
1.2 Audience
1.3 Documentation Accessibility
1.4 Organization
1.5 Related Documents
1.6 Glossary of Icons
2. An Overview of Islamic Profit Module
2.1 Introduction
2.2 Profit Rule
2.2.1 Defining Profit Rule
2.2.2 Components of Profit Rule
2.3 Product
2.3.1 What is Product?
2.3.2 Advantages of Defining Product
2.4 Condition
2.4.1 Defining Condition
2.4.2 Defining General Condition
2.4.3 Defining Special Condition
2.5 Using Prevailing Market Rates
2.6 Combining Accounts
2.7 Calculating Charges
2.8 Other Features
2.9 Retrieving Information
3. Maintenance Required for Processing Profit and Charges
3.1 Introduction
3.2 Maintaining Branch Parameters
3.3 Rules
3.3.1 Data Elements
3.4 Rules for Profit and Charges
3.4.1 Maintaining Rules for Profit and Charges
3.4.2 System Elements (SDEs)
3.4.3 User Elements (UDEs)
3.4.4 Attributes of Formula
3.4.5 Building Expressions for SDE
3.4.6 Applying Prepayment Penalties on Deposits
3.4.7 Maintenance for Prepayment Penalties
3.4.8 Maintaining Rule for Calculating Commission on HDB
4. Maintaining System Data Elements
4.1 Introduction
4.2 System Data Elements
4.2.1 Maintaining System Data Elements
4.2.2 Maintaining SDE for Profit Calculation on Daily Average Balance
4.2.3 Maintaining SDE for Tax Exemption
4.2.4 Maintaining SDEs for Computing TDS
4.2.5 Maintaining SDEs for Computing Advance Profit
4.2.6 Maintaining SDEs for Computing Overdraft Profit
4.2.7 Maintaining SDE for Computing Commission on Highest Debit Balance
4.2.8 Viewing Customer TDS Details
4.2.9 Maintaining SDEs for Deducting Charges on Dormant Accounts
4.2.10 Implications of Working with User Defined Fields
5. Giving UDE Values for Condition
5.1 Introduction
5.2 UDEs
5.2.1 Maintaining UDEs
5.2.2 Implications of Closing UDE Record
5.2.3 Identifying and Specifying Values for UDEs
5.2.4 Profit Rate Association for Account Class
5.2.5 Printing UDE Values
5.2.6 Maintaining Rate Codes
5.2.7 Defining Effective Date for Rate Code
5.2.8 Closing Rate for Date
5.3 Modifying UDE Values for Select Customer Accounts
6. Building Formulae
6.1 Introduction
6.2 Building Blocks of Formulae
6.3 Building Formulae
7. Defining Profit and Charge Products
7.1 Introduction
7.2 Islamic Profit Distribution Product
7.2.1 Maintaining Islamic Profit Distribution Product
7.2.2 Maintaining Accounting Roles
7.2.3 Maintaining Events
7.2.4 Maintaining Branch and Currency Restrictions
7.2.5 Maintaining Customer Restrictions
7.2.6 Defining Profit Preferences
7.2.7 Maintaining Status Codes
7.2.8 SSIA – Special Type of Savings Account
7.2.9 Transaction Codes for Processing External Charges
7.2.10 Booking of External Charges
8. Applying Profit Product on Account
8.1 Introduction
8.2 General Condition
8.2.1 Defining General Condition
8.2.2 Waiving General Condition for Specific Account
8.2.3 Repopulate at Liquidation
8.2.4 Closing General Condition
8.2.5 Maintaining Rate Codes
8.2.6 Defining Effective Date for Rate Code
8.2.7 Closing Rate for Date
8.2.8 Giving UDE Values for General Condition
8.2.9 Identifying and Specifying Values for UDEs
8.3 Special Condition
8.3.1 Defining Special Condition
8.3.2 Identifying Accounts for Booking Profit And Charges
8.3.3 Defining UDE Values for the Account
8.3.4 Specifying Effective Date for UDE Value Pickup
8.3.5 Closing Values Applicable for Effective Date
8.3.6 Recalculation of Profit for Back-valued UDE Value Changes
8.4 Associate Customer Account with Another Account
8.4.1 Associating Customer Account with Another Account
8.4.2 Application of Profit and Charges – A note
8.4.3 Details for Deposit types of Account
9. Checking for Consistency in Data
9.1 Introduction
9.2 Maintenance Consistency Check
9.2.1 Running Maintenance Consistency Check
9.2.2 Unauthorized Accounts
9.2.3 Unauthorized Account Classes
9.2.4 Unauthorized Currency Details
9.2.5 Details of Invalid Products or Rules
9.2.6 Unauthorized General Conditions
10. Daily Processing of Profit and Charges
10.1 Introduction
10.2 Maintenance Consistency Checks
10.3 Liquidate Profit
10.3.1 Liquidating Profit Automatically
10.3.2 Generating Profit Statement
10.3.3 Generating Rate Change Advice
10.4 Automatic Accruals
10.5 Reversing Accrual Entries
10.6 Charges Applicable for Creditor Agreements
10.7 Processing of Consolidated Charges
10.8 End of the Day Processing of Islamic Profits
11. Liquidating Profit Online
11.1 Introduction
11.2 Processing Online Liquidation
11.3 Online Liquidation for Multiple Accounts
11.3.1 Processing Online Liquidation for Multiple Accounts
11.3.2 Product Code Tab
11.3.3 Account Number Tab
11.3.4 Authorizing Online Liquidation for Multiple Account
11.3.5 Viewing Profit and Charges Multiple Account
11.4 Online Liquidation for Single Account
11.4.1 Processing Online Liquidation for Single Account
11.4.2 Authorizing Online Liquidation for Single Account
11.4.3 Viewing Profit and Charges Single Account
11.5 Calculating Profit Applicable for Account
11.6 Online Calculation for Multiple Accounts
11.6.1 Processing Online Calculation for Multiple Accounts
11.6.2 Product Code Tab
11.6.3 Account Number Tab
11.7 Processing Online Calculation for Single Account
11.8 Processing Capitalization of OD Profit
12. Maintaining Profit Statement Details
12.1 Introduction
12.2 Maintaining Profit Statements
12.3 Identifying Values to be printed
12.4 Generating Profit Statement
12.5 Maintaining Customer Profit Statement
13. Queries and Reports
13.1 Introduction
13.2 Islamic Account Balance Query Screen
13.3 Profit and Charges Rates Query Screen
13.4 Accrual Control Report
13.4.1 Contents of the Report
13.5 Profit Calculation Report
13.5.1 Contents of the Report
13.6 Profit Statement Maintenance Report
13.6.1 Contents of the Report
13.7 Liquidation Control List
13.7.1 Contents of the Report
14. Annexure A - Accounting Entries and Advices
14.1 Introduction
14.2 IP Events
14.3 Amount Tags
14.4 Advice Formats
14.5 Event-wise Accounting Entries and Advices
14.5.1 Charge Basis: ADHOC-STMT
14.5.2 Charge Basis: NUM-CHQ-ISS
14.5.3 Charge Basis: NUM-CHQ-RET
14.5.4 Charge Basis: NUM-STOP-PAY
14.5.5 Charge Basis: NUM-ACCT-STMTS
14.5.6 Charge Basis: ITEM-COUNT
14.5.7 Charge Basis: TURNOVER
14.5.8 Accounting Entries and Advices for Profit
14.5.9 Accounting Entries for Write-off Process
15. Function ID Glossary