12.1 Murabaha Payment by Cash

The Teller can use the Murabaha Payment by Cash screen to accept cash to repay the Murabaha loan amount.

To perform Murabaha payment by cash:

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

   Figure 12-1 Murabaha Payment by Cash

   
   

   
   Description of "Figure 12-1 Murabaha Payment by Cash"

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

   Note:

   The fields marked as Required are mandatory.

   Table 12-1 Murabaha Payment by Cash - Field Description

   Field	Description
   Murabaha Account	Specify the Murabaha account number. When you press the Tab key, the customer details and Murabaha account details will be displayed in the Customer Information widget.
   Repayment Amount	Select the repayment currency and specify the repayment amount. Note: By default, the repayment 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 Charge Amount	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 repayment amount in loan account currency. This amount will be derived based on the Repayment 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 Murabaha 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 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 using the payment service. It is accomplished by handing off the 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.