pennApps Islamic Profit Sharing…

Islamic profit sharing – simplified and unrestricted.

Achieve highest levels of transparency and complete automation to manage the restricted and unrestricted Islamic investments, compute and share the profits.

Overview

Pennant understands the current business challenges faced by Islamic banks and has conceptualised a best fit profit sharing solution that effectively addresses the complex profit sharing and distribution requirements of Islamic Banking. Pennant’s Islamic Profit Sharing solution provides exhaustive configuration parameters and business rules to tailor profit calculation based on the product.

pennApps Islamic Profit Sharing…
pennApps Islamic Profit Sharing is a comprehensive solution that enables you to systematically manage the restricted and unrestricted funds that are intrinsic to Islamic Banking. Helps you in adopting effective management strategies to determine Mudarib deductions and other risk reserves such as “PER: Profit Equalisation Reserve”, “IRR: Investment Risk Reserve” at optimal levels so as to achieve the right balance.

Features

pennApps Islamic Profit Sharing enables you to configure numerous pools across currencies and other key business parameters to efficiently manage both the restricted and un-restricted investments. The rule based mechanisms offers you the complete control on the profit computation mechanism by providing you the relevant metrics. Well thought out what-if analysis model improves predictability prior to the actual computation of Profit. The system further offers features that enable banks to effectively manage the risk reserves and mudarib share.

pennApps Islamic Profit Sharing is an enterprise class application built on proven platform powered by future proof application architecture that comes with complete set of powerful features that include user administration, master data management and extensive audit trails for each of the user actions. It’s flexible rule engine and workflow empowers organisations to configure and manage the workflow as per the organisational needs. It works as a standalone system and the readily available interfaces with leading core banking systems ensures hassle free integration with any core banking system.

Pool Management

  • Configure Profit pools
  • Manage income and expenses
  • Manage fees and charges
  • Define calculation methods

Data Management

  • Data can be imported using standard ETL tools
  • Variety of data sources are supported
  • Well defined data model

Performance Analysis

  • Historical Analysis of Pools and Products
  • Historical analysis of across periods
  • Graphical presentation of analysis with drill down capability

Reporting and Dashboard

  • User defined dashboards
  • Comprehensive reporting
  • Extensive selection criteria
  • Delivering the reports in various formats

Technology & Integration

  • BMPN 2.0 based workflow
  • SOA Based Integration
  • Platform independent
  • Built-in interfaces to major core banking systems

Decision Support Analysis

  • What-if analysis to assist in Decision support
  • Ability to forecast the profit rates
  • Take decisions backed by accurate data

Product Highlights

A solution that can help banks to overcome the limitations of the core banking systems

Efficient Pool Management

Structured approach to categorise various customers and banks funds into pools for flexibility. Common pool parameters to forecast and manage profit sharing at the end of profit period. Flexible rule engine to define various management fees and charges. Identification and adoption of effective loss sharing mechanism with the availability of right metrics that enable the banks to adopt the right loss sharing mechanism. Flexible rule based mechanisms to share loss across Profit Equalisation Reserve (PER), Investors and Bank by way of Split or Combination of all.

Extensive Reporting and Dashboards Functionality

Enhanced reporting functionality with feature rich graphs and charts for the senior management. Management dashboard with visual representation data using various drill-down charts and graphs. Flexibility for bank to define any new charts or graphs as per their requirements. Allows users to drill down to the lowest possible details on screen. Extensive reporting functionality that enable the users to execute own reports.

Proven Decision support analysis

A systematic approach to perform the historical data analysis to understand the past performance of the pools or products and to establish trends in different dimensions.
Flexibility to allow the user select or to input the selection criteria including the historical period to enable the user to perform the historical analysis extensively.
Flexibility that allows users to perform real-time what-if analysis in various combinations by changing the attributes prior to actual profit computation so as to achieve the right-fit profit sharing results.

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pennApps Islamic Profit sharing

Achieve highest levels of transparency and complete automation to manage the restricted and unrestricted Islamic investments, compute and share the profits.

View all