Where TECHNOLOGY means BUSINESS

Name: Where TECHNOLOGY means BUSINESS
Uploaded: 2018-01-09T15:54:31+00:00
Duration: PTM24S16
Channel: Naomi Norris
Description: Where TECHNOLOGY means BUSINESS

Where TECHNOLOGY means BUSINESS

OraBank Framework & Legitimate Compliancy
OraBank is a fully integrated Islamic Banking Solution that handles all banking operations and activities for the following layers: Core Banking Retail & Corporate Islamic Finance & Investment in accordance with: Islamic Shari' a principles Audit, Accounting Organization for Islamic Financial Institutions (AAOIFI) standards

OraBank Framework & Legitimate Compliancy
Non-Cash Financing OraBank Islamic Financing Provisions of factors for Production Goods Risk Sharing Profit Sharing

OraBank Technology Platform
OraBank has been designed and developed using Oracle database and Oracle designer CASE tools and efficiently scalable over multiplatforms.

OraBank Feature Highlights
Bilingual GUI Standardization Parameterized Fully Integrated Increase front line productivity Improved client/end-user experience Lower future development and maintenance costs Higher functionality and customer service levels Flexible design allows easy interface with other systems Modular Design supporting phased implementation Robust Multi-Level Security & Log files Can be run over a Centralized and Distributed Database Flexible Interfacing capabilities.

OraBank Business Modules

Retail & Corporate Banking
Morabaha Modaraba Mosharaka Investment Portfolio Fix Term Deposits Calculation Profit Investment Int’l Credit Facilities Islamic Financing & Islamic Investment Architecture L/C Deposits L/G Teller Remittances Promisory Notes Cheque Clearing Standing Orders Safe Boxes Cheque Book Integrated Business Layers Data Flow Retail & Corporate Banking Set Up Accounting Clients Security Core Banking

System Value Added Chain
Set Up Business Process Automatic Vouchering Reporting Inquiry

First Layer Set Up Accounting Clients Security Core Banking

Set Up Security Clients Accounting Core Banking The Set Up system defines several parameters to establish unified interfaces: Organizational structure Languages Error messages Dictionary Hijri and Gregorian calendar Countries, companies, branches, departments and sections Major and minor domains for the package’s parameters. Defining programs, functions, elements and their relevant.

General Set Up Dates Calendar Databases Dictionary Error Messages
Language User Screen Profile Serial Numbers Country Organizal Structure Bank Branch Department Set Up Division Domain Nationality Gender Transaction Type Acc. Level Dates Year Months Week Days

Set Up Security Clients Accounting The Security & Privileges system manages and controls users/groups authorities and profiles parameters to guarantee full system protection and monitoring, such as: Database Systems Functions Form Field Sessions duration Log time & frequency Control Menu Profile Password modifications

ORACLE Standard Security/Encryption
Manual Screen Lock PW Generation control Fields PW Change Anonym. Record Login Lock System Lock Functions Forms User Name & PW Encrypt. Periodical PW Change Program Screen Lock Database System OraBank Security Provisions User Security System Security Module Security ORACLE Standard Security/Encryption

Set Up Security Clients Accounting Core Banking The Clients system manages the clients’ basic information on any nominal level Unique card numbering (Automatic or Manual) Clients’ economical areas and sectors. Types of client levels:Individual,Trustee, Partner, Company Client Black Listing Joint accounts management. Minors’ accounts management, when reaching legal age. Storing client picture/ID Inquiry about various types of clients, using any part of their full names.

Set Up Security Clients Accounting Core Banking Features Unlimited COA Multi-Currency Multi-Banks Closing Periods Reporting Compliant with (AAOIFI) Multi A/C Numbering Convention

Second Layer Deposits L/G Teller Remittances Promisory Notes Cheque Clearing Standing Orders L/C Safe Boxes Cheque Book Retail & Corporate Banking

Deposits L/C L/G Teller Remittances Promisory Notes Cheque Clearing Standing Orders Safe Boxes Cheque Book Retail & Corporate Banking Opening Account Authorized Transactions Reversing Transactions Procedural Actions FX User Account Privileges Currency Evaluation Accounts Inquiry Reports Integration with Islamic Modules: Risk Sharing, can be mapped with Financing & Investment modules

Deposits L/C L/G Teller Remittances Promisory Notes Cheque Clearing Standing Orders Safe Boxes Cheque Book Retail & Corporate Banking LC’s Banks Goods Specs Doc’s Freight Forwarders Approvals Financing Credit Facilities Non-Cash Islamic Financing Risk & Profit Sharing by the Islamic Bank/Beneficiary

Deposits L/C L/G Teller Remittances Promisory Notes Cheque Clearing Standing Orders Safe Boxes Cheque Book Retail & Corporate Banking LG’s Fees Collaterals Extensions Adjustments Settlement Confiscation

Deposits L/C L/G Teller Cheque Book Remittances Promisory Notes Cheque Clearing Standing Orders Safe Boxes Retail & Corporate Banking Defining Tellers Assigning Cash Box GL Monitoring Transactions Closing Cash Boxes

Deposits L/C L/G Teller Cheque Book Remittances Promisory Notes Cheque Clearing Standing Orders Safe Boxes Retail & Corporate Banking Defining Cheque Book Sizes and Fees Flexible Cheque Numbering Convention Tracing Cheques Status Cheque Delivery Follow Up

Deposits L/C L/G Teller Cheque Book Remittances Promisory Notes Cheque Clearing Standing Orders Safe Boxes Retail & Corporate Banking Remittances Incoming Outgoing Covering & Corresponding Banks Fees Returned Remittances

Involved Hardware Cheque Processing and Sorting machine Cheque Reader
Deposits L/C L/G Teller Cheque Book Remittances Cheque Clearing Standing Orders Safe Boxes Retail & Corporate Banking Managing & Processing Clearing Cheques Defining Banks & Branches and account Numbers (Central Bank Code & regulations) Clearing Batch MGT Returned cheques MGT Defining reasons Reversing Trans. Involved Hardware Cheque Processing and Sorting machine Cheque Reader

Deposits L/C L/G Teller Cheque Book Remittances Promisory Notes Cheque Clearing Standing Orders Safe Boxes Retail & Corporate Banking Placing Client Instruction Standing Order Source Destination Amount Period Fees

Deposits L/C L/G Teller Cheque Book Remittances Promisory Notes Cheque Clearing Standing Orders Safe Boxes Retail & Corporate Banking Defining Box sizes Rent, Insurance Deposit, fees Authorized Tracing Box Visits

Islamic Financing & Islamic Investment
Third Layer Morabaha Modaraba Mosharaka Investment Portfolio Fix Term Deposits Calculation Profit Investment Int’l Credit Facilities Islamic Financing & Islamic Investment

Data Collection & Analysis Islamic Financing - No Cash Lending
Morabaha Modaraba Mosharaka Investment Portfolio Fix Term Deposits Calculation Profit Investment Int’l Credit Facilities Islamic Financing & Islamic Investment Financing Application Feasibility & evaluation Asset Personal or Corporate Financial Collaterals Assessment Committee Decision Processing Contract Data Collection & Analysis Morabaha Modaraba Mosharaka Islamic Financing - No Cash Lending

Morabaha Modaraba Mosharaka Investment Portfolio Fix Term Deposits Calculation Profit Investment Int’l Credit Facilities Islamic Financing & Islamic Investment Morabaha Management Credit Facilities Trans. Allocation Settlement Monitoring Accounting Entries Ownership Transition Of Goods No Cash Lending Installments Promissory Notes

Morabaha Modaraba Mosharaka Investment Portfolio Fix Term Deposits Calculation Profit Investment Int’l Credit Facilities Islamic Financing & Islamic Investment Modarabah Management Credit Facilities Trans. Speculator Business Plan Delivering Goods Selling Goods Project Settlement Provision Of Goods by the Bank / No Cash Lending Profit Sharing

Morabaha Modaraba Mosharaka Investment Portfolio Fix Term Deposits Calculation Profit Investment Int’l Credit Facilities Islamic Financing & Islamic Investment Mosharaka Management Credit Facilities Trans. Feasibility Study Project Construction Real Estate Management Accounting Entries Project Settlement Customer Ownership Profit Sharing Land Mortgage

Morabaha Modaraba Mosharaka Calculation Profit Fix Term Deposits Investment Int’l Investment Portfolio Credit Facilities Islamic Financing & Islamic Investment A/Cs Subject to Profit Calculation Saving Deferred Subject to notice Investment Profits Calculation Parameters (Policy-based Formula) Allocation of profit

Morabaha Modaraba Mosharaka Calculation Profit Fix Term Deposits Investment Int’l Investment Portfolio Credit Facilities Islamic Financing & Islamic Investment Deposits A/Cs Saving Deferred Subject to notice Fixed Terms With expected Profit Invested In Islamic Financing Morabaha Modaraba Mosharaka Profit Sharing

Morabaha Modaraba Mosharaka Calculation Profit Fix Term Deposits Investment Int’l Investment Portfolio Credit Facilities Islamic Financing & Islamic Investment Business Mediator Bank Merchant Financial Inst. Potential Business Deal (Goods) Negotiations Amount Profits Duration Collaterals Financing Deposits Deal Processing Profit Sharing

Morabaha Modaraba Mosharaka Calculation Profit Fix Term Deposits Investment Int’l Investment Portfolio Credit Facilities Islamic Financing & Islamic Investment Sources of Capital: Deposits A/Cs Saving Deferred Subject to notice 2. Bank Defining Portfolios Real estate Commercial Stocks Portfolios Underwriting Portfolio Evaluation Portfolio Settlement Profit Sharing

Morabaha Modaraba Mosharaka Investment Portfolio Fix Term Deposits Calculation Profit Investment Int’l Credit Facilities Islamic Financing & Islamic Investment Architecture L/C Deposits L/G Teller Remittances Promisory Notes Cheque Clearing Standing Orders Safe Boxes Cheque Book Integrated Business Layers Data Flow Retail & Corporate Banking Set Up Accounting Clients Security Core Banking

www.fact.com.jo Future Applied Computer Technology-FACT
Jordan Islamic Bank Complex- NO (23), 5th Floor - Wasfi Al Tal St P.O.BOX , Amman, 11190, Jordan Tel: Fax:

Where TECHNOLOGY means BUSINESS

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