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FLEXCUBE - Islamic Murabaha Contract Calculating Double PROFIT Amount (Doc ID 2799747.1)

Last updated on AUGUST 27, 2021

Applies to:

Oracle FLEXCUBE Universal Banking - Version 14.5.0.0.0 and later
Information in this document applies to any platform.

Symptoms

System is looping twice for profit calculation for each schedule because of which double profit amount is calculated.

Changes

Changes done to populate AMOUNT_FINANCED SDE for schedule end date only when periodicity for the component is Periodic.

For-Profit component (periodicity as Daily), the system will loop once for each schedule for Profit calculation and calculate the total profit amount correctly.

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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