Islamic Finance User Manual
Contents
1. Financing Repayment Inquiry Financing Account QT2001774 QT1MUR8110460004 QT1 LONDON Repayment From Date gH Account No Status QT1MUR 110460004 Active T1MUR 110460004 Active Indicates mandatory fields Indicates mandatory if particular option is enabled v Repaid Amount Repayment To Date Initiated Date 28 02 2011 28 03 2011 31 03 2011 13 00 00 GMT 0530 Submit Repaid Amount 4 375 00 4 548 61 Field Description Column Name Description Account Number Display This column displays the selected financing account numbers Status Display This column displays the financing account status Initiated Date Display This column displays the financing repayment initiation date Repaid Amount Display This column displays the repaid financing amount 6 Click the Account Number hyperlink to view the individual loan account repayment details The system displays the Financing Repayment Inquiry screen with the details Financing Repayment Inquiry 18 ORACLE Financing Repayment Inquiry Financing Details 5 Value Date 31 0 Amount Financed Repayment Details User Reference Number Debit Account Debit Currency AED Repayment Break Up Component Name PRINCIPAL PROFIT Outstanding Balance Component Name PROFIT PRINCIPAL Total Outstanding Balance Remaining Installments Financing Repayment Inquiry 31 03 2011 13 00 00 GMT 05302. Account Description Currency Amount Financed GBP Equivalent 000000002 SUHAS REKHUO2 000PHV6120610058 property hand over manual 000 Bank Futura GBP 10 000 00 10 000 00 000PHV6120610058 property hand over manual 000 Bank Futura GBP 10 000 00 10 000 00 000PHV6120610058 property hand over manual 000 Bank Futura GBP 10 000 00 10 000 00 000PHV6120610064 property hand over manual 000 Bank Futura GBP 10 000 00 10 000 00 000PHV6120610064 property hand over manual 000 Bank Futura GBP 10 000 00 10 000 00 000PHV6120610064 property hand over manual 000 Bank Futura GBP 10 000 00 10 000 00 Total for Islamic Finance Account GBP Equivalent 0 00 Grand Total for All Islamic Finance Accounts GBP Equivalent 60 000 00 Field Description Column Name Description Account Number Display This column displays the account number of the Islamic Finance Currency Display This column displays the currency of the Islamic Finance Financed Amount Display This column displays the total amount Financed Base Currency Display Equivalent This column displays the total amount Financed in Base Currency 3 Click the link under the Account Number column to view the settlement of a particular account The system displays the Financing Settlement screen with the schedule detail 23 ORACLE Financing Settlement Details Financing Settlement Financing Settlement Account Details Customer Id QT2001774 Financing Tenure 1
3. Account Number QT1MUR8110460004 Product Murabaha Manual DSBR new product Financing Tenure 1 Years Account Currency A Branch Disbursed Financing Amount Maturity Date 31 QT12ST1110590063 Debit Branch QT Debit Amount 4 375 00 Installment Paid 2 Amount 4 166 67 208 33 Amount Currency 23 15 AED 41 666 66 AED 41 689 81 AED Field Description Field Name Description Financing Details Account Number Display Product Financing Tenure Account Currency Branch Amount Financed Disbursed Financing Amount This field displays the financing account number Display This field displays the financing product name Display This field displays the total financing tenure Display This field displays the base currency of the financing account Display This field displays the branch of the financing account Display This field displays the financed amount for the financing account Display This field displays the disbursed financing amount for the loan account 19 ORACLE Financing Repayment Inquiry Value Date Display This field displays the value date of the financing account Maturity Date Display This field displays the maturity date of the financing account Repayment Details User Reference Display Number This field displays the user reference number associated with the financing account Debit Branch Display This field displays the debit branc
4. Years Financing Details Opening Date 04 10 2010 Amount Financed 100 000 00 No Of Installments 12 Profit Rate 10 00 Purpose Of Financing Bank s share 0 Outstanding Financing Details Principal Balance 51 022 84 Fees And Charges 0 00 Next Installment Date 04 06 2011 Final Settlement Amount 103 338 94 Remaining Installments 5 Account Number QT1MUC6102830013 Product Name Currency Maturity Date Finance Amount Disbursed Finance Repayment Frequency Installments Paid Customer s share Advance Amount Installment Arrears Next Installment Amount Bank s profit due Outstanding Finance 09 12 2011 12 33 16 GMT 0530 Musharaka Under Construction Auto GBP 04 10 2011 100 000 00 Monthly 5 0 52 316 10 0 00 10 463 22 0 00 51 022 84 Transfer Details Transfer Amount 112 Source Account 000000002 00000000206 Bank Futura v 054 123 00 USD GBP Indicates mandatory fields Indicates mandatory if particular option is enabled Field Description Field Name Description Account Details Customer Id Display Product Name Account Number Currency Financing Tenure Financing Details Opening Date This field displays the customer ID s mapped Display This field displays the financing product name Display This field displays the financing account numbers under the customer ID Display This field displays the base currency of the financ
5. on the Mudaraba account This field will be available for Mudaraba product only Display This field displays the customer profit share percentage details i e It will Specify the percentage of profit that the customer will get in case of a profitable return on the Mudaraba account This field will be available for Mudaraba product only Display This field will display supplier grace period and frequency This field will be available for Mudaraba product only 25 ORACLE Field Name Customer grace period and frequency Lease Type Lease Payment Mode Linked Murabaha Bill Bank s Share Customer s Share Financing Settlement Description Display This field will display customer grace period and frequency This field will be available for Mudaraba product only Display This field displays the type of the lease This field will be displayed when account opened under IJARAHA or TAWAROOGQ product is selected Display This field displays the type of payment mode opted This field will be displayed when account opened under IJARAHA TAWAROOOQ product is selected Display This field displays the bill reference number associated with Murabaha finance contract Display This field displays the finance sharing ratio of the Bank This field will be available for Mudaraba product only Display This field displays the finance sharing ratio of the customer This field will be available for Mudarab
6. once the download is completed The system displays the Download complete message box Download Complete r Download complete Download Complete Saved 15488 1221550985601 CSV from 10 22 91 122 Downloaded 406 bytes in 1 sec Download to CiDocu 115488 1221550985601 CSV Transfer rate 406 bytes Sec O Close this dialog box when download completes 9 Click the Open button to open the file OR Click the Open Folder button to open the folder in which the file is saved OR Click the Close button to close the Download dialog box 34 ORACLE 8 Financing Profit Percentage Financing Profit Percentage This option allows you to view the different interest rates for financing To view financing profit percentage 1 Navigate through the menus to Tools Finance Profit Percentage Financing Profit Rate Inquiry Financing Profit Percentage Product Name Component Name Ijara Operational Lease main profit Ijarah Financial Advance Main Profit Component Ijara Financial with Asset Main Profit Component Ijara Financial without Asset Main Profit Component Profit Percentage 10 0095 10 0095 10 0095 10 0095 Profit Percentage Type Effective Date FIXED 28 11 2007 FIXED 28 11 2007 FIXED 28 11 2007 FIXED 28 11 2007 24 08 2010 19 05 48 GMT 0530 Field Description Field Name Description Product Name Display This field displays the name of the product Component Name Display This
7. up of a particular loan account The system displays the Financing Schedule screen with details OR 3 Navigate through the menus to Loans gt Islamic Finance gt Financing Schedule The system displays the Financing Schedule screen Financing Schedule Financing Schedule 31 03 2011 13 00 00 GMT 0530 Account Description Currency Amount Financed esr quivalent QT2001774 Oxy Trading Inc Changed QT11ST9102830008 Istisna Auto Simple OTi OTi LONDON GBP 100 000 00 100 000 00 4 D zi GBP 100 000 00 100 000 00 GSP 100 000 00 100 000 00 z z GBP 100 000 00 100 000 00 IT1MUD1 M rabah in Pre QTi QTi LONDON Uso 10 000 00 16 569 18 1 ri z zl GBP 100 000 00 100 000 00 ri z OTi uso 10 000 00 16 569 18 ni OT1 AED 50 000 00 2 490 04 Ti MI E 4 Muri ha Manual iR new pri QTi QTi LONDON AED 50 000 00 2 490 04 ri n zl AED 50 000 00 2 490 04 i ri Tal QTi QTi GBP 100 000 00 100 000 00 Muri zi zi uso 100 000 00 165 691 85 TAMI Mur ha Manual OT1 OT1 LONDON 100 000 00 100 000 00 1 Muri Tal z z GBP 100 000 00 100 000 00 Ti MI Mur ha Manual QTi QTi LONDON Uso 100 000 00 165 691 85 QT1MURS110310007 Murabaha Manual DSBR QT1 QOT1 LONDON GBP 10 000 00 10 000 00 i ri Manual QTi z 5 000 00 5 000 00 1 1 z GBP 5 000 00 5 000 00 IT MI Mur ha Manual OT1 OT1 LONDON AED 10 000 00 498 01 ET ri Manual R OT1 OT1 AED 50 000 00 2 490 04 E ri M
8. 0 000 00 73 319 00 001MUC1073340001 Musharaka Under Construction Auto 001 BANK FUTURA Branch Office 001 GBP 50 000 00 73 319 00 001MUC1073620003 Musharaka Under Construction Auto 001 BANK FUTURA Branch Office 001 GBP 50 000 00 73 319 00 001MUC2073330004 Musharaka Under Construction Auto 001 BAMK FUTURA Branch Office 001 GBP 50 000 00 73 319 00 001MUC2073330006 Musharaka Under Construction Auto 001 BANK FUTURA Branch Office 001 GBP 50 000 00 73 319 00 2 Click the Financing Account Activity Hyperlink on the pop up The system displays the Financing Account Activity screen OR 3 Navigate through the menus to Loans Islamic Finance Financing Account Activity The system displays the Financing Account Activity screen Financing Account Activity Financing Account Activity Select Account Select v Transaction Type Both Debit and Credit Transactions Search By Current Period From Date E To Date p Sort 8 Value Date v Sort Order Descending Indicates mandatory fields Indicates mandatory if particular option is enabled Field Description Field Name Description Select Account Mandatory Drop Down Select the financing account for which you will view the activity statement from the drop down list 30 ORACLE Field Name Transaction Type Search By No of days Transactions From Date To Date Financing Account Activity Desc
9. 0 000 00 73 319 00 50 000 00 73 319 00 50 000 00 73 319 00 50 000 00 73 319 00 50 000 00 73 319 00 50 000 00 73 319 00 16 ORACLE Financing Repayment Inquiry 2 Click the Financing Repayment Inquiry hyperlink on the pop up of a particular Financing account The system displays the Financing Repayment Inquiry screen with details OR 3 Navigate through the menus to Loans gt Islamic Finance gt Financing Repayment Inquiry The system displays the Financing Repayment Inquiry screen Financing Repayment Inquiry EM MEE I I Financing Account Select v Repaid Amount Repayment From Date RER Repayment To Date isi Indicates mandatory fields Indicates mandatory if particular option is enabled Field Description Field Name Description Financing Mandatory Drop Down Account Select the Financing account for which the Repayment inquiry is to be done from the drop down list Repaid Amount Optional Numeric 10 Type the repaid amount for search criterion Repayment From Conditional Pick List Date Select the start date of the period for the search criterion Repayment To Conditional Pick List Date Select the end date of the period for the search criterion 4 Enter the search criteria 5 Click the Submit button The system displays the Financing Repayment Inquiry screen with the details Financing Repayment Inquiry 17 ORACLE Financing Repayment Inquiry
10. 000000123 Beetle Cells 0001JRO073650004 000 BANK FUTURA 000 BANK FUTURA HEAD OFFICE GBP 5 000 00 7 331 90 HEADOFFICE __ gt 1000 FUTURA HEAD OFFICE GBP 5 000 00 7 331 90 amp Financing Details 000 BANK FUTURA HEAD OFFICE GBP 5 000 00 7 331 90 000 BANK FUTURA HEAD OFFICE GBP 5 000 00 7 331 90 amp Financing Account Activit 20 BANK FUTURA HEAD OFFICE GBP 5 000 00 7 331 90 00 FUTURA HEAD OFFICE USD 5 000 00 5 000 00 Financing Repayment Inauir 30 BANK FUTURA HEAD OFFICE GBP 25 000 00 36 659 50 Financing settlement 20 FUTURA HEAD OFFICE GBP 25 000 00 36 659 50 001 FUTURA Branch Office 001 GBP 5 000 00 7 331 90 amp Financing Schedule Total for Islamic Finance Account USD Equivalent 0 00 0011STT080910035 Istisna Manual Nominal 001 BANK FUTURA Branch Office 001 GBP 2 000 00 2 932 76 001MUC1073320008 Musharaka Under Construction Auto 001 BANK FUTURA Branch Office 001 GBP 100 000 00 146 638 00 001MUC1073330002 Musharaka Under Construction Auto 001 BANK FUTURA Branch Office 001 GBP 50 000 00 73 319 00 001MUC1073330004 Musharaka Under Construction Auto 001 BANK FUTURA Branch Office 001 GBP 50 000 00 73 319 00 001MUC1073330006 Musharaka Under Construction Auto 001 BANK FUTURA Branch Office 001 GBP 50 000 00 73 319 00 Ev 001MUC1073340001 Musharaka Under Construction Auto 001 BANK FUTURA Branch Office 001 GBP 50 000 00 73 319 00 2 Click the Financing Schedule hyperlink on the pop
11. 768 has been Auto Authorized Host Reference Number IFC103365001754 Account Details Customer Id Account Number Product Name Currency Transaction Details Source Account Destination Account Transfer Amount Transfer Currency QT2001774 000PHV6120610058 Musharaka Under Construction Auto GBP 00000000206 000PHV6120610058 112 00 GBP Another Finance 6 Click the OK button The system returns you to the Financing details screen 28 ORACLE Financing Account Activity 7 Financing Account Activity This option allows you to view all the activity that has occurred in your account for a given period The option allows you to select a transaction type debit credit or both a date range and a sorting order It allows you to view the outstanding balance in your Financing account The statement displays the transaction date the value date and the amount of debit or credit depending on what you have selected It also gives you an option of downloading the statement in Microsoft Excel format This option should ideally used when you want to check the activity in your financing account over a period of time It is a useful method of tracking any discrepancies or reconciling it with other budgetary activities To view the financing account activity 1 Navigate through the menus to Islamic Finance Loan Details The system displays the Financing Details screen 29 ORACLE Financing Account Act
12. Branch Office 001 0011STT080910035 Istisna Manual Nominal 001 B4NK FUTURA Branch Office 001 Auto 001 BANK FUTURA Branch Auto 001 BANK FUTURA Branch Auto 001 BANK FUTURA Branch Auto 001 BANK FUTURA Branch Auto 001 BANK FUTURA Branch Auto 001 BANK FUTURA Branch Auto 001 BANK FUTURA Branch Auto 001 BANK FUTURA Branch Auto 001 BANK FUTURA Branch Auto 001 BANK FUTURA Branch 001MUD1073330012 Mudarabah Loan Product 001 BANK FUTURA Branch Office 001 J 001MUD1073330014 Mudarabah Loan Product 001 BANK FUTURA Branch Office 001 001MUD3073340002 Mudarabah Loan Product 001 BANK FUTURA Branch Office 001 001MUD3073340008 Mudarabah Loan Product 001 BANK FUTURA Branch Office 001 Currency GBP GBP GBP GBP GBP usD GBP GBP GBP 24 08 2010 18 28 50 GMT 0530 usD Amount Financed Equivalent Total for Islamic Finance Account USD Equivalent Office Office Office Office Office Office Office Office Office Office 001 001 001 001 001 001 001 001 001 001 GBP GBP GBP GBP GBP GBP GBP GBP GBP GBP GBP GBP GBP GBP GBP 5 000 00 7 331 90 5 000 00 7 331 90 5 000 00 7 331 90 5 000 00 7 331 90 5 000 00 7 331 90 5 000 00 5 000 00 25 000 00 36 659 50 25 000 00 36 659 50 5 000 00 7 331 90 0 00 2 000 00 2 932 76 100 000 00 146 638 00 50 000 00 73 319 00 50 000 00 73 319 00 50 000 00 73 319 00 50 000 00 73 319 00 50 000 00 73 319 00 50 000 00 73 319 00 50 000 00 73 319 00 5
13. Oracle FLEXCUBE Direct Banking Release 12 0 0 Retail Loans Islamic Finance User Manual ORACLE FINANCIAL SERVICES Part No E52305 01 Loans User Manual Table of Contents Transaction Host Integration 3 cun A eben esate esit Mau A DM C DEL MA MM MC MM RM CD EUM 4 Financing S 5 Miiripslp bng ss c 11 Financing Repayment 16 Mice f nicer een 22 Financing Account Activity X P ERE 29 Financing Profil Percentages 35 ORACLE Transaction Host Integration Matrix 1 Transaction Host Integration Matrix Legends NH No Host Interface Required Host Interface to be developed separately Pre integrated Host interface available x Pre integrated Host interface not available Transaction Name FLEXCUBE UBS Third Party Host System Financing Details Financing Account Activity Financing Schedule Financing Settlement Financing Repayment Inquiry Financing Profit Percentage m ORACLE Introduction 2 Introduction The Islamic Finance module includes transactions which enable you to view financing details financing transaction activity repayments done repayment schedule and the available profit percentage for various financing pr
14. a product only Advance payment Details Advance payment Profit Rate for advance payment Display This field displays the amount paid in advance This field is applicable only for Murabaha products Display This field displays the profit rate for advance payment This field is applicable only for Murabaha products Outstanding Financing Details Principal Balance Advance Amount Display This field displays the outstanding principle balance on the loan account as on date Display This field displays the advance amount for the finance given 26 ORACLE Field Name Fees And Charges Installment Arrears Next Installment Date Next Installment Amount Final Settlement Amount Outstanding Finance Bank s Profit due Remaining installments Transfer Details Source Account Transfer Amount screen OR Financing Settlement Description Display This field displays the fees and service charges applied on the financing account Display This field displays the unpaid installment amount Display This field displays the due date of the next installment Display This field displays the next installment amount Display This field displays the final settlement amount Display This field displays the outstanding finance amount to be paid Display This field displays the outstanding profit to be repaid Display This field displays the total number of remaining in
15. an 011 011 AED 50 000 00 2 490 04 1 Iri 5 GBP 100 000 00 100 000 00 Ti MI Mushar Manual pr QTi1 QTi LONDON GBP 100 000 00 100 000 00 har l pr QT1 QTi Uso 100 000 00 165 691 85 Ti har l pr OT Uso 100 000 00 165 691 85 QT1SAN1110600002 Murabaha Manual DSBR new product QT1 OTi LONDON AED 50 000 00 2 490 04 Mur Man ri QT2 USA AED 50 000 00 2 490 04 IT2MI ri Man fa n QT2 USA AED 50 000 00 2 490 04 Q12MUR2102920002 Murabaha Manus DZOR OT2 OT2 USA GBP 100 000 00 100 000 00 QT2MURS110450002 Murabaha Manual 588 0 2 0 2 0 uso 100 000 00 165 691 85 Total for Islamic Finance Account GBP Equivalent 0 00 Grand Total for All Islamic Finance Accounts GBP Equivalent 2 002 015 93 12 ORACLE Financing Schedule Field Description Column Name Description Account Number Display This column displays the account number of the Islamic Finance Currency Display This column displays the currency of the Financing amount Amount Financed Display This column displays the total amount financed Base Currency Display Equivalent This column displays the total amount financed in Base Currency currency 4 To view the schedule of a particular account click on the appropriate link under the Account Number column The system displays the schedule details of the Financing in the Financing Schedule screen Financing Schedule Financing Schedule 25 08 2010 20 11 18 GMT 0530 A
16. arch criteria from the drop down list 5 Click the Submit button The system displays the Financing Account Activity screen with the search results Financing Account Activity Financing Account Activity 31 03 2011 13 00 00 GMT 0530 Select Account QT2001774 9711579110460002 QT1 LONDON v Transaction Both Debit and Credit Transactions Vv v No Of Txn 10 To Date si Sort Order Descending Search Last n Transactions From Date dl Sort Value Date Y Account Number 9711579110460002 Pages 2 Transaction Date Value Date 04 03 2011 04 03 2011 15 02 2011 04 02 2011 04 02 2011 Transaction Reference Number QT1ZTRF1106203MZ QT12TRF1106203N1 QT1ZTRF1104602EH QT12TRF1104602b5B QT1ZTRF1104602ED Account Currency Description Debit Credit 7 692 31 508 8 Select Download Format Indicates mandatory fields Indicates mandatory if particular option is enabled Field Description Field Name Description 32 ORACLE Field Name Account Number Account Currency Column Name Transaction Date Value Date Reference Description Debit Credit Select Download Format Financing Account Activity Description Display This field displays the loan account number for which you have generated the statement Display This field displays the default currency in which the account transact
17. c Statement For Islamic Finance P T i FQT1 QTi LONDON GBP 100 000 00 100 000 00 Y QT1MURS102830010 Murabaha Manual DSBR QT1 QT1 LONDON USD 100 000 00 165 691 85 Y QT1MURS102830012 Murabaha Manual DSBR QT1 QT1 LONDON GBP 100 000 00 100 000 00 v QT1MUR9103040006 Murabaha Manual DSBR QT1 QT1 LONDON GBP 100 000 00 100 000 00 v QT1MUR9110310006 Murabaha Manual DSBR QT1 QT1 LONDON USD 100 000 00 165 691 85 v QT1MUR9110310007 Murabaha Manual DSBR QT1 QT1 LONDON GBP 10 000 00 10 000 00 v QT1MUR9110310015 Murabaha Manual DSBR QT1 QT1 LONDON GBP 5 000 00 5 000 00 v QT1MUR9110310021 Murabaha Manual DSBR QT1 QT1 LONDON GBP 5 000 00 5 000 00 v QT1MUR9110310025 Murabaha Manual DSBR QT1 QT1 LONDON AED 10 000 00 498 01 dv QT1MUR9110460002 Murabaha Manual DSBR QT1 QT1 LONDON AED 50 000 00 2 490 04 v QT1MUR9110460006 Murabaha Manual DSBR QT1 QT1 LONDON AED 50 000 00 2 490 04 v QT2MUR8110600006 Murabaha Manual DSBR_new product QT2 QT2 USA AED 50 000 00 2 490 04 v QT2MUR8110600012 Murabaha Manual DSBR_new product QT2 QT2 USA AED 50 000 00 2 490 04 v QT2MUR9102830002 Murabaha Manual DSBR QT2 QT2 USA GBP 100 000 00 100 000 00 v QT2MUR9110460002 Murabaha Manual DSBR QT2 QT2 USA USD 100 000 00 165 691 85 Total for Islamic Finance Account GBP Equivalent 0 00 Grand Total for All Islamic Finance Accounts GBP Equivalent 2 002 015 93 Field description Field Name Description Account Number Display This column displays the account number for the financ
18. ccount Details Customer Id 001900000 Financing Tenure 1 Years 1 Months Account Number 001MUC1073320008 Product Name Musharaka Under Construction Auto Installments Paid 0 Remaining Installments 0 Currency GBP Amount Financed 100 000 00 Financing Schedule Details Installment Unpaid Installment No Due Date Principal Profit Amount Charge Amount Installment Amount anne Status 1 28 12 2007 0 00 0 00 0 00 0 00 0 00 Paid 2 28 01 2008 0 00 0 00 0 00 0 00 0 00 Paid 3 28 02 2008 0 00 0 00 0 00 0 00 0 00 Paid 4 28 03 2008 0 00 0 00 0 00 0 00 0 00 Paid 5 28 04 2008 0 00 0 00 0 00 0 00 0 00 Paid 6 28 05 2008 0 00 0 00 0 00 0 00 0 00 Paid 7 28 06 2008 0 00 0 00 0 00 0 00 0 00 Paid 8 28 07 2008 0 00 0 00 0 00 0 00 0 00 Paid 9 28 08 2008 0 00 0 00 0 00 0 00 0 00 Paid 10 28 09 2008 0 00 0 00 0 00 0 00 0 00 Paid 11 28 10 2008 0 00 0 00 0 00 0 00 0 00 Paid 12 28 11 2008 0 00 0 00 0 00 0 00 0 00 Paid 13 28 12 2008 50 000 00 0 00 0 00 50 000 00 50 000 00 Unpaid Field Description Field Name Description Account details Customer Id Display This field displays the customer ID 13 ORACLE Field Name Financing Tenure Account Number Product Name Installment Paid Remaining installments Currency Amount Financed Financing Schedule Description Display This field displays the total financing tenure Display This field displays the account number of the Islamic finance Display This field display
19. escription Field Name Description Account Details Customer Id Product Name Account Number Currency Financing Tenure Financing Details Opening Date Maturity Date Display This field displays the customer ID s mapped Display This field displays the financing product name Display This field displays the financing account numbers under the customer ID Display This field displays the base currency of the financing account Display This field displays the total financing tenure Display This field displays the opening date of the financing account Display This field displays the maturity date of the financing account 7 ORACLE Field Name Amount financed Finance Amount Disbursed No of Installments Finance Repayment Frequency Profit Rate Installments Paid Purpose of Financing Staff financing Bank Profit Share Customer profit share Supplier grace period and frequency Financing Details Description Display This field displays the sanctioned financing amount Display This field displays the finance amount disbursed till date Display This field displays the total number of installments paid till date Display This field displays the repayment frequency of the financed amount Display This field displays the profit rate applicable to the financed account Display This field displays the total number of installme
20. field displays the name of the component 35 ORACLE Financing Profit Percentage Field Name Description Profit Percentage Display This field displays the profit percentage Profit Percentage Display type This field displays the type of the profit percentage Effective date Display This field displays the effective date for the profit rate to be applicable 36 ORACLE ORACLE Oracle FLEXCUBE Direct Banking Retail Loans Islamic Finance User Manual May 2012 Version Number 12 0 0 Oracle Corporation World Headquarters 500 Oracle Parkway Redwood Shores CA 94065 U S A Worldwide Inquiries Phone 1 650 506 7000 Fax 1 650 506 7200 oracle com Copyright 2012 Oracle and or its affiliates All rights reserved This document is provided for information purposes only and the contents hereof are subject to change without notice This document is not warranted to be error free nor subject to any other warranties or conditions whether expressed orally or implied in law including implied warranties and conditions of merchantability or fitness for a particular purpose We specifically disclaim any liability with respect to this document and no contractual obligations are formed either directly or indirectly by this document This document may not be reproduced or transmitted in any form or by any means electronic or mechanical for any purpose without our prior written permission Oracle is a registered
21. h name Debit Account Display This field displays the debit account number Debit Amount Display This field displays the financing amount debited Debit Currency Display This field displays the currency in which the financing amount is debited Installment Paid Display This field displays the total number of installments paid Repayment Break Up Component Name Display This column displays the various components under which financing repayment amount is divided Amount Display This column displays the component level breakup of the financing repayment amount Outstanding Balance Component Name Display This column displays the various components under which the financing amount is outstanding Amount Display This column displays the component level breakup of the outstanding financing amount 20 ORACLE Financing Repayment Inquiry Currency Display This column displays the currency of the outstanding financing amount 7 Click the OK button The system displays the initial Financing Repayment Inquiry screen 21 ORACLE Financing Settlement 6 Financing Settlement This option allows you to pay off outstanding balance in your financing account You can transfer funds from another account to pay off the balance amount You can settle the finance by repaying the amount from the account and thus the settlement will be done This settlement could be the settlement of complete amount or the partial a
22. ing accounts Currency Display This column displays the base currency of the Financing account Amount Financed Display This field displays the total amount financed Base Currency Display Equivalent This field displays the total amount in Base Currency equivalent 2 Click the Financing details link on the pop up to view the individual Financing account details The system displays the Financing Details screen OR Navigate through the menus Loans gt Conventional Loans gt Financing Details to view Financing Details 6 ORACLE Financing Details Financing Details Financing Details Account Details Financing Details Amount Financed No Of Installments Purpose Of Financing Outstanding Financing Details Final Settlement Amount Opening Date 04 10 Profit Rate 10 00 Staff Financing 0 00 Principal Balance 61 538 45 Fees And Charges 0 0 Next Installment Date 04 04 2011 594 45 Outstanding Finance Bank s Profit Due 0 00 31 03 2011 13 00 00 GMT 0530 Customer Id QT2001774 Product Name Istisna Auto Simple Account Number QT11ST9102830008 Financing Tenure 1 Years 1 Months Currency Maturity Date Finance Amount Disbursed Finance Repayment Frequency Monthly Installments Paid 5 Advance Amount 0 Installment Arrears 0 00 Next Installment Amount Remaining Installments Financing Account Activity Field D
23. ing account Display This field displays the total financing tenure Display This field displays the opening date of the financing account 24 ORACLE Field Name Maturity Date Amount financed Finance Amount Disbursed No of Installments Finance Repayment Frequency Profit Rate Installments Paid Purpose of Financing Staff financing Bank Profit Share Customer profit share Supplier grace period and frequency Financing Settlement Description Display This field displays the maturity date of the financing account Display This field displays the sanctioned financing amount Display This field displays the finance amount disbursed till date Display This field displays the total number of installments paid till date Display This field displays the repayment frequency of the financed amount Display This field displays the profit rate applicable to the financed account Display This field displays the total number of installments paid till date Display This field displays the purpose of financing the amount Display This field displays the amount that has been disbursed as part of staff financing This field will be available for all Islamic products except Mudaraba product Display This field displays the bank profit share percentage details i e It will specify the percentage of profit that the bank will get in case of a profitable return
24. ions are conducted Description Display This column displays the date on which the transaction has taken place Display This column displays the date on which the transaction has actually been credited or debited into the account This date could be different from the transaction date Display This column displays any reference description for the said transaction Display This column displays description about the transaction Display This column displays the amount of debit Display This column displays the amount of credit Optional Drop Down Select the appropriate format in which you want to download the activity statement from the drop down list The options are e Excel Format e PDF Format 6 Select the format from the Select Download Format drop down list 7 Click the Download button The system displays the File Download dialog box 33 ORACLE Financing Account Activity File Download m File Download Do you want to open or save this file 15488 1221550985601 C5V a Microsoft Office Excel Comma Separated Values File From 10 22 91 122 While files from the Internet can be useful some files can potentially harm your computer If you do not trust the source do not open or save this file What s the risk 8 Click the Open button to open the file OR Click the Save to download and save The system will save the file at the specified location
25. ivity Financing Details Financing Details 24 08 2010 18 28 50 GMT 0530 Account Description Currency Amount Financed EE ext 000000123 Beetle Cells av 0001JRO073650004 000 BANK FUTURA 000 FUTURA HEAD OFFICE GBP 5 000 00 7 331 90 v HEAD OFFICE 000 BANK FUTURA HEAD OFFICE GBP 5 000 00 7 331 90 f Financing Details 000 BANK FUTURA HEAD OFFICE GBP 5 000 00 7 331 90 000 FUTURA HEAD OFFICE GBP 5 000 00 7 331 90 jv amp Financing Account Activity 20 BANK FUTURA HEAD OFFICE GBP 5 000 00 7 331 90 ge 30 BANK FUTURA HEAD OFFICE USD 5 000 00 5 000 00 Hinancina Repayment Inauir 30 BANK FUTURA HEAD OFFICE GBP 25 000 00 36 659 50 g Financing settlement 20 FUTURA HEAD OFFICE GBP 25 000 00 36 659 50 M 001 FUTURA Branch Office 001 GBP 5 000 00 7 331 90 amp Financing Schedule Total for Islamic Finance Account USD Equivalent 0 00 0011STT080910035 Istisna Manual Nominal 001 BANK FUTURA Branch Office 001 GBP 2 000 00 2 932 76 001MUC1073320008 Musharaka Under Construction Auto 001 BANK FUTURA Branch Office 001 GBP 100 000 00 146 638 00 001MUC1073330002 Musharaka Under Construction Auto 001 BANK FUTURA Branch Office 001 GBP 50 000 00 73 319 00 001MUC1073330004 Musharaka Under Construction Auto 001 BAMK FUTURA Branch Office 001 GBP 50 000 00 73 319 00 001MUC1073330006 Musharaka Under Construction Auto 001 BANK FUTURA Branch Office 001 GBP 5
26. mount as per the amount of repayment done To do financing settlement 1 Navigate through the menus to Islamic Finance Financing Details The system displays the Financing Details screen Financing Details Finandng Details M Sar aai 133700 GT 0536 Account Description Currency Amount Financed Ene 000000002 SUHAS REKHUO2 000PHV6120610058 property hand over manual 000 Bank Futura GBP 10 000 00 10 000 00 Y 000PHV6120610058 000 Bank nual 000 Bank Futura GBP 10 000 00 10 000 00 v Futura nual 000 Bank Futura GBP 10 000 00 10 000 00 i amp Financing Details qual 000 Bank Futura GBP 10 000 00 10 000 00 nual 000 Bank Futura GBP 10 000 00 10 000 00 insncina Account activity qual 000 Bank Futura GBP 10 000 00 10 000 00 amp Financing Repayment Inquiry Total for Islamic Finance Account GBP Equivalent 0 00 Grand Total for All Islamic Finance Accounts GBP Equivalent 60 000 00 Financing Settlement amp Financing Schedule i Adhoc Statement For Islamic Finance 2 Click the Financing Settlement hyperlink on the pop up The system displays the Financing Settlement detail screen with the details of that Islamic finance account 22 ORACLE Financing Settlement OR Navigate through the menus to Loans Islamic Finance Financing Settlement The system displays the Financing Settlement screen Financing Settlement Financing Settlement 09 12 2011 12 40 54 GMT 0530
27. nts paid till date Display This field displays the purpose of financing the amount Display This field displays the amount that has been disbursed as part of staff financing This field will be available for all Islamic products except the Mudaraba product Display This field displays the bank profit share percentage details i e It will specify the percentage of profit that the bank will get in case of a profitable return on the Mudaraba account This field will be available only for Mudaraba product Display This field displays the customer profit share percentage details i e It will specify the percentage of profit that the customer will get in case of a profitable return on the Mudaraba account This field will be available only for Mudaraba product Display This field will display supplier grace period and frequency This field will be available only for Mudaraba product 8 ORACLE Field Name Customer grace period and frequency Lease Type Lease Payment Mode Linked Murabaha Bill Bank s Share Customer s Share Financing Details Description Display This field will display customer grace period and frequency This field will be available only for Mudaraba product Display This field displays the type of the lease This field will be displayed when the selected account is opened under IJARAHA TAWAROOQ product Display This field displays the type of payment mode o
28. oducts 4 ORACLE Financing Details 3 Financing Details Using this option allows you to view the details of Islamic Finance accounts The financing repayment inquiry financing details financing account activity financing settlement all these transactions can be viewed through financing details You can view the details of individual financing account number by clicking the account number link To view financing details 1 Navigate through the menus to Islamic Finance Financing Details The system displays the Financing Details screen 5 ORACLE Financing Details Financing Details Financing Details 31 03 2011 13 00 00 GMT 0530 o MAI EU ION EM C OTEA N AA E EEE ET REB Account Description Curren Amount Financed 225 P E Equivalent QT2001774 Oxy Trading Inc Changed QT1 LONDON GBP 100 000 00 100 000 00 QT11ST9102830008 QT1 QT1 v LONDON QT1 LONDON GBP 100 000 00 100 000 00 amp Financing Details QT1 LONDON GBP 100 000 00 100 000 00 v ruction Auto QT1 QT1 LONDON GBP 100 000 00 100 000 00 t QT1 QTi LONDON USD 10 000 00 16 569 18 M Einancin Repayment Inquiry QT1 QT1 LONDON GBP 100 000 00 100 000 00 v T1 QT1 LONDON USD 10 000 00 16 569 18 T Financin Settlement _new product QT1 QT1 LONDON AED 50 000 00 2 490 04 E amp Financing Schedule new product QT1 QT1 LONDON AED 50 000 00 2 490 04 new product QT1 QT1 LONDON AED 50 000 00 2 490 04 M s Adho
29. pted This field will be displayed when the selected account is opened under IJARAHA TAWAROOQ product Display This field displays the bill reference number associated with Murabaha finance contract Display This field displays the finance sharing ratio of the bank This field will be available only for Mudaraba product Display This field displays the finance sharing ratio of the customer This field will be available only for Mudaraba product Advance payment Details Advance payment Profit Rate for advance payment Display This field displays the amount paid in advance This field will be available only for Mudaraba product Display This field displays the profit rate for advance payment This field will be available only for Mudaraba product Outstanding Financing Details Principal Balance Advance Amount Display This field displays the outstanding principle balance on the loan account as on date Display This field displays the advance amount for the finance given 9 ORACLE Field Name Fees And Charges Installment Arrears Next Installment Date Next Installment Amount Final Settlement Amount Outstanding Finance Bank s Profit due Remaining installments Financing Details Description Display This field displays the fees and service charges applied on the financing account Display This field displays the unpaid installment amount Display Thi
30. ription Mandatory Drop Down Select the type of transaction from the dropdown list The options are as follows e Both Debits and Credits e Only Debits e Only Credits Mandatory Drop Down Select the search period from the dropdown list The options are as follows e Current Period e Previous Period e Last n Transactions e Last n days e Today s Transactions e Yesterdays transactions e Previous week e Previous fortnight e Previous month e Previous Quarter e Last 6 months e Specified Period Conditional Numeric 15 Type the number of days transaction depending upon the type of selection for days or transaction This field is enabled if you have selected no of days transactions in the search by field Conditional Pick List Select the start date of the period This field is enabled if the Specified Period is selected from the Search By drop down list Conditional Pick List Select the end date of the period This field is enabled if the Specified Period is selected from the Search By drop down list 31 ORACLE Financing Account Activity Field Name Description Sort By Mandatory Drop Down Select the type of sorting from this drop down list The options are as follows e Transaction Date e Amount e Value Date Sort Order Mandatory Drop Down Select the sort order from the drop down list The options are as follows e Ascending e Descending 4 Select the se
31. s field displays the due date of the next installment Display This field displays the next installment amount Display This field displays the final settlement amount Display This field displays the outstanding finance amount to be paid Display This field displays the outstanding profit to be repaid Display This field displays the total number of remaining installments 3 Click the Back button The system displays the initial Financing Account Details screen OR Click the Financing Account Activity button The system displays the Financing Account Activity screen For Financing Account Activity screen refer Financing Account Activity Transaction 10 ORACLE Financing Schedule 4 Financing Schedule Customers may have financing accounts pertaining to different products amounts and variants This option allows you to view individual loan parameters This is similar to the amortization schedule prepared for every loan Every equated monthly installment consists of two components e Principal e interest The schedule shows how every installment is part profit and part principal To view financing schedule 1 Navigate through the menus to Islamic Finance Financing Details The system displays the Financing Details screen 11 ORACLE Financing Schedule Financing Details Financing Details 24 08 2010 18 28 50 GMT 0530 Account Description Currency Amount Financed usp quivalent
32. s the name of the product of the Islamic Finance Display This field displays the number of installments paid Display This field displays the total number of remaining installments Display This field displays the currency of the financing account Display This field displays the total financed amount Column Name Description Schedule Details Installment No Display Due Date Principal Profit Amount Charge Amount Installment Amount This column displays the serial number of the installment The schedule lists all the installments in serial order Display This column displays the date on which the installment becomes payable If paid after this date it might attract a penalty Display This column displays the principal amount due on the due date Display This column displays the profit component of the installment amount Display This column displays any penalty or additional charges levied on the financed account Display This column displays the total installment amount payable 14 ORACLE Financing Schedule Field Name Description Unpaid installment Display amount This column displays the total unpaid installment amount from the total finance amount Status Display This column displays the status of the financing 5 Click the Back button to navigate to the Financing schedule main screen 15 ORACLE 5 Financing Repayment Inquiry Financing Repayment Inq
33. stallments Mandatory Drop Down Select the appropriate account from the drop down list The account should have the necessary funds for debit and transfer to the finance account Click the button The system will automatically fetch and display the available balance for the selected source account Mandatory Numeric 15 Type the amount that is to be transferred from the source account to the finance account This is the amount that will get reduced from the principal of finance Click the Submit button The system displays the Partial Settlement Verification Click the Back button to return to the previous screen 27 ORACLE Financing Settlement Partial Settlement Verify Partial Financing Settlement Verify 09 12 2011 12 47 22 GMT 0530 Account Details Customer Id Account Number Product Name Currency Transaction Details Source Account Destination Account Transfer Amount Transfer Currency QT2001774 000PHV6120610058 Musharaka Under Construction Auto GBP 00000000206 000PHV6120610058 112 00 GBP Click the Confirm button The system displays the Partial Settlement Confirmation Screen OR Click the Change button to change any of the parameters of payment Partial Settlement Confirm Partial Financing Settlement Confirm 09 12 2011 12 47 22 GMT 0530 Loan Amount Transferred Sucessfully Transaction submitted for Financing Settlement having reference 104017853074
34. trademark of Oracle Corporation and or its affiliates Other names may be trademarks of their respective owners Hardware and Software Engineered to Work Together 37 ORACLE
35. uiry Using this option allows you to inquire and view the Financing repayment details along with the outstanding balance The Financing Repayment inquiry can be done directly from the Financing details screen To inquire Financing Repayment Inquiry details 1 Navigate through the menus to Islamic Finance Financing Details The system displays the Financing Details screen Financing Details Financing Details Account Description 000000123 Beetle Cells 00013RO073650004 000 BANK FUTURA v HEAD OFFICE E Financing Details Financing Repayment Inquir Pi eq Einancin Settlement i amp Financing Schedule 001MUC1073320008 Musharaka Under Construction S 001MUC1073330002 Musharaka Under Construction 001MUC1073330004 Musharaka Under Construction 001MUC1073330006 Musharaka Under Construction 001MUC1073340001 Musharaka Under Construction 001MUC1073620003 Musharaka Under Construction 001MUC2073330004 Musharaka Under Construction 001MUC2073330006 Musharaka Under Construction 001MUC2073340003 Musharaka Under Construction 001MUC2073340012 Musharaka Under Construction 000 BANK FUTURA 000 BANK FUTURA 000 BANK FUTURA HEAD OFFICE HEAD OFFICE HEAD OFFICE M 000 FUTURA HEAD OFFICE J Financing Account Activit 30 BANK FUTURA HEAD OFFICE 30 BANK FUTURA HEAD OFFICE 30 BANK FUTURA HEAD OFFICE 30 BANK FUTURA HEAD OFFICE 001 BANK FUTURA
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