Qard al-Hasan Funds

A multi-level chart of accounts, three-stage vouchers, fiscal periods and treasury in a single Financial Core. Deposits, financing, cards and wallets all read their balances from it.

• Chart of accounts with up to six detail levels and conflict-free code allocation
• Vouchers in three stages: draft, provisional and final
• Consecutive, non-resettable voucher sequence numbers for each fiscal period

Each deposit category is defined by about thirty policy switches, from withdrawal permission and partial holds to daily limits. The balance lives in the Financial Core, and the account simply points to it.

• About thirty policy switches for each deposit category
• Account numbers generated from a pattern and a check digit
• Joint ownership with ownership percentages, withdrawal rules and signatory groups

Daily deposit balances are converted into scores every night, and an eligibility policy turns each score into a financing limit. Eleven scoring methods and four eligibility models are available.

• Eleven scoring methods, from average daily balance to progressive tiers
• Four eligibility models with rounding rules and minimum and maximum amounts
• Each method's parameters held in a versioned policy, outside the code

Define financing products through configuration: profit and penalty rates, installment start policy and eligible collateral, attached to one of fifteen Islamic contracts. Installment schedules are built on the Solar Hijri calendar.

• Fifteen Islamic contracts, each with a dedicated calculator
• Solar Hijri installment schedules with a fixed day of the month and three profit distribution methods
• Repayments allocated to penalty, then profit, then principal, following the Central Bank of Iran's priority order

A real-time picture of where the organization's money is, what it has been used for and what commitments sit against it, all read directly from the Financial Core with no parallel tables.

• Real-time balances of the organization's cash desks and bank accounts
• Sources: deposits by category, branch and customer
• Uses: financing portfolio, classification and provisioning

A customer app and portal built on the same core the back office uses. The balance a customer sees is the figure recorded in the Financial Core.

• Account opening and digital identity verification
• Cards overview and account turnover by date range, with Excel export
• Funds transfers with a one-time password and a request idempotency key