FCUBS | System Is Not Recalculating In Case Of Quarterly Revision In Ijarah (Doc ID 3076301.1)

Last updated on MARCH 20, 2025

Applies to:

Symptoms

ACTUAL BEHAVIOR
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System is not revising rate if revision date is scheduled after due date of schedule.

EXPECTED BEHAVIOR
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System should recalculate in case of Quarterly revision in Ijarah.

STEPS
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The issue can be reproduced at will with the following steps:
1. Create a backdated manual disbursement for an Islamic account with multiple interest components.
2. Maintain a rate revision schedule for both components, ensuring the revision date is different from the payment schedule due date. Two revision schedules should be set before the current application date.
3. Link the rate code to the Profit component with the effective date as the value date, while providing a flat value for the other UDE.
4. Maintain another UDE with a future effective date and associate the rate code with both UDEs as periodic.
5. Save and authorize the account.
6. Perform a backdated disbursement and verify the calculation after authorization. The system should process the rate revision as per the defined frequency, ensuring the new rate is applied to the loan schedules.

Cause

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