Islamic Banking Presentation
Islamic Banking Presentation
Islamic Banking Presentation
The first stage in Murabaha Processing is to define an asset and the supplier from whom
the bank is buying it. The options available in Issue Purchase Order are:
This is the second stage in Murabaha Processing is the Asset Purchase. The actions
carried out in Asset Purchase are:
– Miscellaneous Charges
– Payment to Vendor/Supplier
• Limit Creation
ISLAMIC BANKING – IJARA
Ijara is an agreement whereby the Bank leases moveable or
Repayment frequency will be fixed. Cust signs Debit Mandate or PDCs. All
external expenses will be booked in Ijara Expense. No cancellation
/amendment without mutual agreement. System calculates penalty charges
if defaulted and will not be debited, only for infm.
Repossess Operations:
Customer’s PD repayments
Charity Operations
STMT.ENTRY
file.
RE.CONSOL.SPEC.ENTRY
The RE.CONSOL.SPEC.ENTRY file is so named as it contains
Static Changes
CATEGORY
Category codes used to classify financial transactions according to