4/18/18 Islamic Credit Processes

Main process consists of consists of consists of consists of consists of consists of consists of consists of

TEMENOS Banking Reference Processes

Islamic Credit Processes Last change: Apr 18, 2018 2:03:20 PM
Type: Process selection diagram
Scenario

Profit Upfront Sale Profit Accrual Sale Multi Structured

S S S

Commodity Construction Corporate Diminishing Wakala-

Murabaha Financial Ijara Baisalam Qard Hassan Forward Ijara
Murabaha Finance Mudaraba Musharaka Musawama

S S S S S S S S S S

Receive Receive Receive Receive Wakala

Receive Murabaha Receive Ijara Receive Baisalam Receive Qard Receive Corporate Receive Forward
Receive and check Commodity Construction Diminishing Musawama
Finance Origination Finance Application Finance Application Finance Application Hassan Finance Mudaraba Ijara Finance
application Murabaha Finance Finance Application Musharaka Finance Application
(IF) (IF) (IF) Application (IF) Application (IF) Application (IF)
Application (IF) (IF) Finance... (IF)
P P P P P P P P P P
Belongs to

Finance Decision

Create
Create Commodity Create Diminishing
Contract Create Murabaha Create Ijara Construction Create Baisalam Create Forward Create Musawama
Murabaha Contract Musharaka
Management Contract (IF) Contract (IF) Finance Contract Contract (IF) Ijara Contract (IF) Contract (IF)
(IF) Contract (IF)
(IF)
P P P P P P P P

Perform Amend Perform Perform

Perform Murabaha Perform Ijara Manage
Commodity Construction Diminishing Musawama
Belongs to

Contract Status Contract Status Commodity

Murabaha Contract Finance Contract Musharaka Contract Status
Change (IF) Change (IF) Delivery (IF)
Status Change (IF) (IF) Contract Status... Change (IF)
P P P P P P P

Perform Asset/
Perform Asset/ Commodity Review (IF) Perform Asset/ Commodity Review (IF) Perform Asset/ Commodity Review (IF) Commodity Review
(IF)
P P P P

Execute Broker
Payments Decide on Payment Types (IF) Decide on Payment Types (IF)
Settlement (IF)

P P P

Execute Down
Execute Down Payment (IF) Execute Down Payment (IF)
Payment (IF)

P P P

Execute Vendor
Execute Vendor Payment (IF) Execute Vendor Payment (IF)
Payment (IF)

P P P

Execute Cost Execute Cost

Execute Cost Payment (IF) Execute Cost Payment (IF)
Payment (IF) Payment (IF)
Belongs to

P P P P

Execute Reviewer
Execute Reviewer Payment (IF) Execute Reviewer Payment (IF) Execute Reviewer Payment (IF)
Payment (IF)

P P P P

Execute Retention
Execute Retention Payment (IF)
Payment (IF)

P P

Forward Ijara down

Sell commodity to
payment settlement
Sell Broker (IF)
(IF)
P P

Execute Broker
Payment (IF)

Manage Vendor
Administration Manage Vendor (IF) Manage Vendor (IF) Manage Vendor (IF)
(IF)

P P P P

Manage Reviewer
Belongs to

Manage Reviewer (IF) Manage Reviewer (IF) Manage Reviewer (IF)

(IF)

P P P P

Manage Broker (IF)

Finance Fulfilment Limit Setup Set Up Limit (IF) Set Up Limit (IF) Set Up Limit (IF)

P P P

Create & Link

Create Collateral Create & Link Collateral (IF) Create & Link Collateral (IF)
Collateral (IF)

P P P

Initiate Initiate Diminishing

Initiate Murabaha Initiate Ijara Sale Initiate Commodity Initiate Baisalam Initiate Forward Initiate Wakala Initiate Musawama
Sale Construction Musharaka Sale
Sale (IF) (IF) Murabaha Sale (IF) Sale (IF) Ijara Sale (IF) Finance (IF) Sale (IF)
Finance Sale (IF) (IF)
P P P P P P P P P
Belongs to

Create & Disburse Create Create & Disburse Create & Disburse Create & Disburse Create & Disburse Create Musawama
Create & Disburse Create & Disburse Create & Disburse Create & Disburse
Commodity Construction Qard Hassan Corporate Forward Ijara Diminishing Finance & Settle
Disbursal Stage Murabaha Finance Ijara Finance Baisalam Finance Wakala Finance
Murabaha Finance Finance Finance (Manual) Mudaraba Finance Finance (Manual) Musharaka Wakala Finance
(Manual) (IF) (Manual) (IF) (Manual) (IF) (Manual) (IF)
(Manual) (IF) Arrangement (IF) (IF) (Manual) (IF) (IF) Finance (Manual)... (Manual) (IF)
P P P P P P P P P P P

Create & Disburse Perform Create & Disburse Create & Disburse Create & Disburse Create & Disburse Create Musawama
Create & Disburse Create & Disburse Create & Disburse Create & Disburse
Commodity Disbursement for Qard Hassan Corporate Forward Ijara Diminishing Finance & Settle
Murabaha Finance Ijara Finance Baisalam Finance Wakala Finance
Murabaha Finance Construction Finance Mudaraba Finance Finance Musharaka Wakala Finance
(Scheduled) (IF) (Scheduled) (IF) (Scheduled) (IF) (Scheduled) (IF)
(Scheduled) (IF) Finance (IF) (Scheduled) (IF) (Scheduled) (IF) (Scheduled) (IF) Finance... (Scheduled) (IF)
P P P P P P P P P P P

Register Direct
Register Direct Debit Mandate (IF) Register Direct Debit Mandate (IF)
Debit Mandate (IF)

P P P

Perform
Sale Maintenance Declaration of
Actual Profit (IF)
P

Manage And
Manage And Decide On Amendments (IF) Manage And Decide On Amendments (IF) Decide On
Amendments (IF)
P P P

Manage
Manage Prepayment (IF) Manage Prepayment (IF)
Prepayment (IF)

P P P

Perform
Belongs to

Perform Repayment (IF) Perform Repayment (IF)

Repayment (IF)

P P P

Pay Off Finance

Pay Off Finance (Pre-Closure) (IF) Pay Off Finance (Pre-Closure) (IF)
(Pre-Closure) (IF)

P P P

Close Finance (IF) Close Finance (IF) Close Finance (IF)

P P P

Perform Reverse
Perform Reverse And Replay (IF) Perform Reverse And Replay (IF)
And Replay (IF)

P P P

Past Due Manage Past Due

Manage Past Due (IF) Manage Past Due (IF)
Management (IF)

P P P
Belongs to

Repay Past Due

Repay Past Due (IF) Repay Past Due (IF)
(IF)

P P P
Belongs to

Islamic Credit (Service

Delivery)

Temenos R18 Proprietary & Confidential 1