Full settlement of the Forward Ijarah Reducing finance facility for an account
Last updated on APRIL 11, 2017
Applies to:Oracle FLEXCUBE Universal Banking - Version 10.0 and later
Information in this document applies to any platform.
Bank wants to fully settle the Forward Ijarah Reducing finance facility for an account. Ideally, the account should provide us the profit as on date of settlement which is today and not on future date.
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