12.2 Islamic Down Payment by Cash

The Teller can use the Islamic Down Payment by Cash screen to accept down payment by cash for an Islamic loan account.

To perform Islamic down payment by cash:

1. On the Homepage, from Teller mega menu, under Islamic Transactions, click Islamic Down Payment by Cash or specify Islamic Down Payment by Cash in the search icon bar and select the screen.
   The Islamic Down Payment by Cash screen is displayed.

   Figure 12-2 Islamic Down Payment by Cash

   
   

   
   Description of "Figure 12-2 Islamic Down Payment by Cash"

   
   
2. On the Islamic Down Payment by Cash screen, specify the fields. For more information on fields, refer to the field description table.

   Note:

   The fields, which are marked with an asterisk, are mandatory.

   Table 12-2 Islamic Down Payment by Cash - Field Description

   Field	Description
   Financing Account	Specify the financing account number. When you press the Tab key, the customer details and financing account details will be displayed in the Customer Information widget.
   Down Payment Amount	Select the down payment currency and specify the amount. Note: By default, the down payment currency is displayed as financing account currency. If the Multi-Currency Configuration at the Function Code indicator level is set as Y, it can be modified, and if it is N, then the default value cannot be modified.
   Exchange Rate	Displays the exchange rate. Note: If the transaction currency is the same as the account currency, the system displays the exchange rate as 1. This field is displayed only if Multi-Currency Configuration at the Function Code indicator level is set as Y.
   Total Charges	Displays the total charges in the branch local currency. Note: This field is displayed only if Multi-Currency Configuration at the Function Code indicator level is set as Y.
   Account Amount	Displays the down payment amount in loan account currency. This amount will be derived based on the Down Payment Amount and Exchange Rate. Note: This field is displayed only if Multi-Currency Configuration at the Function Code indicator level is set as Y.
   Narrative	Displays the narrative as Islamic Down Payment By Cash, and it can be modified.

3. Specify the charge details. For information on the fields in the Charge Details segment, refer to Add Charge Details.
4. Specify the denomination details. For information on the fields in the Denomination segment, refer to Add Denomination Details.
5. Click Submit.

   A teller sequence number is generated, and the Transaction Completed Successfully information message is displayed.

   Note:

   The transaction is moved to authorization in case of any approval warning raised when the transaction saves.

   On transaction completion, the loan repayment details are handed off to the Islamic Financing module. It is accomplished by handing off entries to the accounting system (Dr Cash GL and Cr Int. Bridge GL) as maintained in the Accounting Definition screen, and the system updates the Till cash position.