Is There Any Accrual Basis to Support Islamic Banking Interest Accrual Factor?
(Doc ID 2458672.1)
Last updated on DECEMBER 03, 2019
Applies to:Oracle Financial Services Asset Liability Management - Version 8.0.0 and later
Information in this document applies to any platform.
Oracle Financial Services Asset Liability Management (ALM)
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Enterprise Performance Management (EPM)
As the number of days in Islamic calendar month is less than 31 days, Islamic banking Interest accrual factor is ideally around Actual/354-355.
Confirm if OFSAA provides functionality to accommodate this Accrual method. Such accrual_basis could not be found in FSI_ACCRUAL_BASIS_MLS table.
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