Apply proposal
  • 31 Jan 2024
  • 1 Minute To Read
  • Dark
    Light
  • PDF

Apply proposal

  • Dark
    Light
  • PDF

Article Summary

After a proposal is approved, the next step of the Islamic profit sharing process is to Apply the calculated profit. After this step, the calculated profit will be distributed on all accounts that contributed in the defined investment period.

Apply proposal

If the Islamic profit sharing process requires automated application (as defined under System options, the system will automatically apply the calculated profit on the last day of investment period. If the application of the proposal will be proceeded after the last day of investment period, the system will create a backdated transaction for the profit application (backdated to the last day of investment period).

If the islamic profit sharing process requires manual application, the proposal can be applied when a proposal status is Approved in the open proposals list.

You can:

  • Apply a proposal by clicking the Apply button in the selected proposal.

Apply proposal

  • View the details of a proposal with an active profit application process by clicking the Details

Applying proposal

  • Move the approved proposal after profit application to Closed proposals (the system will do it automatically):

Closed proposal

Confirmation of profit application

You can view profit application transactions by selecting Back to Mambu under the user section, then choosing an account and select the account transactions list. The profit application transaction is displayed with a calculated profit amount from the proposal with the profit application date and time.

Confirmation transaction


Was this article helpful?