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