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ISLAMIC PROFIT CALCULATION

iMAL*IslamicProfitCalculation s a standalone web-based solution that can be integrated with any core banking system to calculate and distribute profits in a Sharia-compliant way.

The profit distribution is based on a set of criteria and parameters that are built into the system. The set of services has a built-in control procedure which allows the bank to calculate and distribute profit and manage all types of pools:

• Web-based tool for management of pools (assets, liabilities, revenues and expenses)
• Defining sharing ratios at multiple levels and managing effective date of deposits and withdrawals
• Recalculation of profit of a certain period based on the new average rate; specification of the balance calculation method and redistribution of profit based on minimum period rate
• Functionality to recalculate profit in case of break of deposit
• Ability to specify the minimum balance for distribution and minimum profit to distribute
• Option to accrue profit based on last available declared rate
• Risk provisions and Profit Equalization Reserves (PER) management
• Advanced profit payment option
• Option to pay Hiba
• Zakat calculation and deduction
• Management of multiple pools.


 
 
 


.ISLAMIC INVEST

.ISLAMIC PROFIT CALCULATION


.ISLAMIC TREASURY

.SUKUK MANAGEMENT


 

         
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