Manual and Automated EOD Process

In the automated EOD process, the profit is automatically approved and prepared for the profit application process. Profit will be applied on each account on the last day of the account payment cycle or on the next day after it.

EOD processes can also be configured to execute at a manually-scheduled time or be triggered via the API. This allows for precise control over the timing of profit calculation, approval, and application - specifically on the last day of the profit period.

Booking Date vs. Processing Time

The system distinctly separates the processing time (when the job physically runs) from the value date (the accounting/booking date). This ensures operational flexibility while maintaining full Shari'ah compliance.

For example, even if the job executes at 9:00 AM on the 1st of the new month, the profit transaction is booked with the correct value date (e.g., the 1st of the month at 00:00:00). This alignment is controlled by the Profit Application Point parameter at the Product level, ensuring customer records and accounting remain accurate for the closed profit period.

Automated EOD process

Mambu executes a daily series of automated tasks outside of business hours, alongside an hourly series of processing tasks. The profit calculation workflow is an integral part of this End-of-Day (EOD) process.

1. Proposal Generation: A default proposal is generated on the second day of the profit calculation cycle.
2. Mid-Cycle Visibility: Throughout the cycle, users can view indicative information covering the period from the start date to the present.
3. Finalisation: At the end of the profit cycle, the calculation is finalized and distributed to relevant accounts.
4. Application: In the automated workflow, profit is automatically approved and prepared for application. It is applied to each account on the last day of the account payment cycle or the following day.

Manual EOD process

Islamic Profit Sharing (IPS) jobs are designed to run during the core banking system's EOD process. To accommodate manual adjustments (such as backdated entries), use the following procedure:

1. Switch EOD to Manual: Before midnight, on the last day of the month, the operational team should switch the main core banking EOD process from "Automated" to "Manual." This pauses the entire EOD batch.
2. Perform manual actions After midnight, post any necessary Incomes / Expenses journal entries for ended profit period (using backdated) or perform other required actions.
3. Trigger EOD Manually: Once adjustments are complete (e.g., 9:00 am the next morning), an operator manually triggers the EOD run.
4. Execution: The Final Profit Amount Application Job executes as part of this run, posting the profit to customer accounts.
5. Revert to Automated: After completion, switch the main EOD process back to "Automated" for the next night's cycle.