12.3 Islamic TD Account Opening

The Teller can use the Islamic TD Account Opening screen to open an Islamic TD account.

The following details are necessary to open an Islamic TD account:

• Deposit details

• Funding details

• Joint Holder details

• Payout details

• Rollover details

To open an Islamic TD account:

1. On the Homepage, from Teller mega menu, under Islamic Transactions, click Islamic TD Account Opening or specify Islamic TD Account Opening in the search icon bar and select the screen.
   The Islamic TD Account Opening screen is displayed.

   Figure 12-3 Islamic TD Account Opening

   
   

   

   
   
2. On the Islamic TD Account Opening 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 12-3 Islamic TD Account Opening - Field Description

   Field	Description
   Customer ID	Select the Customer ID from the list of values.
   Customer Name	Displays the name of the specified Customer ID.
   Mode of Operation	Select the mode of operations from the drop-down list. The drop-down list shows the following values: Single Jointly Either Anyone or Survivor Former or Survivor Mandate Holder
   Account Type	Select the account type (Single or Joint).
   Deposit Product	Specify the deposit product. Click Fetch to select the appropriate product type.
   Deposit Product Description	Displays the description of the specified deposit product.
   Deposit Account Description	Specify the description of the deposit account.
   Deposit Account Opening Date	Specify the account opening date of the deposit account.
   Deposit Amount	Specify the deposit amount along with the currency.
   Deposit Tenor	Specify the deposit tenor in Days/Months/Years.
   Profit Rate	Specify the profit rate.

3. Specify the funding details. For information on the fields in the Funding Details segment, refer to Add Funding Details for Islamic TD.
4. Specify the joint holder details. For information on the fields in the Joint Holders segment, refer to Add Joint Holders for Islamic TD.
5. Specify the payout details. For information on the fields in the Payout Details segment, refer to Add Payout Details for Islamic TD.
6. Specify the rollover details. For information on the fields in the Rollover Details segment, refer to Add Rollover Details for Islamic TD.
7. Specify the denomination details. For information on the fields in the Denomination segment, refer to Add Denomination Details.
8. 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 TD module for account creation.

• Add Funding Details for Islamic TD
  The Funding Details data segment is used to add the details of the pay-by option for the Islamic TD.
• Add Joint Holders for Islamic TD
  The Joint Holders data segment is used to add the details of the joint holders for the Islamic TD.
• Add Payout Details for Islamic TD
  The Payout Details data segment is used to add the details of the maturity payment for the Islamic TD.
• Add Rollover Details for Islamic TD
  The Rollover Details data segment is used to add the parameters for auto-renewal of the Islamic TD account.