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IT roles in fulfillment of PLS mechnism

IT roles in fulfillment of PLS mechnism. Bijan Bidabad & Mahmoud Allahyarifard. Conventional banking profit Function. Non-Usury Financial Activities Criteria. Loaner must share in profit/loss of the economic activity of loanee.

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IT roles in fulfillment of PLS mechnism

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  1. IT roles in fulfillment of PLS mechnism Bijan Bidabad& Mahmoud Allahyarifard

  2. Conventional banking profit Function

  3. Non-Usury Financial Activities Criteria • Loaner must share in profit/loss of the economic activity of loanee. • The rate of interest must not be determined and conditioned before. • Interest in consumption loans is usury. • Foreign currency exchange (without interest) is not usury.

  4. Depositors Resource Mobilization Non-Usury Bank Corporation NUBankCo Resource allocation Investors Other banking operations Other banking operations Bank profit distribution Investment profit distribution Conceptual Architecture model

  5. Information System Architecture Debit or Credit Cards Data warehouse Secure Dedicated Connections Data warehouse

  6. International Organization for banking and financial Standards Basel Committee Asset quality Capital adequacy management of investment accounts AAOIFI investment accounts liquidity and corporate governance earnings quality Islamic Financial Services Board (IFSB) macroeconomic policy and data transparency institutional and market infrastructure financial regulation and supervision Financial Stability Forum (FSF)

  7. BPR Systems BPR is operational, supervisory and management process’s reconsideration for producing new products or services. BPR in IT-based business causes structural upheaval in process Practices Modifying, Removing, Reengineering Process Rules

  8. ERP Systems A comprehensive and integrated system which covering all of data information BPR CRM SCM HRM MES DSS Gate way Gate way Outer-Network RTGS OAS WFM ECS TPS Outer-Network

  9. CRM Systems CRM: Contains the slightest customers’ information for redressing of digital delivery channels’ bottleneck CRM Loaner Depositors Investment Partner People Enterprise Insurance Co. Government People

  10. SCM Systems SCM: Managing relationship and transactions among suppliers, business partners, customers and banks. Supplier Business partners Customers Stock Exchange Agencies Other Exchange Agencies

  11. MES MES: This system interacts between executive layer of producer enterprises or investment partner and bank. Supplier Business partners Customers Stock Exchange Agencies Other Exchange Agencies

  12. HRM: Contain interactive and online capabilities of economic ,training , educational, cultural, favorites and hobby/entertainment needs of employees HRM Systems Knowledge Mapping Knowledge Management Favorites Employee Educational needs Economic needs Welfare Hobby/entertainment Health Cultural

  13. WFM Systems WFM: Determines the principles of process and tracing management of message, information Auditing and accounting Liquidity risk management Credit risk management Market risk management Operational risk management Morality risk management RTGS Fraud Management

  14. Domain Integrity, Entity Integrity, Referential Integrity DSS ERP MES BPR SCM CRM RTGS WFM HRM OAS Central bank SWIFT Investor TPS External Interface Database Server Business partner Stock EX. Ag.

  15. Relationship between non-usury bank and depositors Gharz-al-hasaneh deposits There is no distinguished difference between conventional and new non-usuric banking People Zakat Bank Tax Government Social security affairs Marriage Micro credit Therapy Building Fundamental Needs Educational

  16. Relationship between non-usury bank and depositors Investment deposit Civil partnership New non-usury bank Depositors portfolio Legal partnership New non-usuric bank’s investment company Modurebeh Forward transactions Stock exchange agency company Moshrekeh & Mudarebeh contractionms (PLS) Jo’aaleh Other exchange markets Mozara’eh Direct investment Mosaqat Lease

  17. IMPELMENTING A VPN Transit inter network and outer network The users are not charged based on the distance between the offices because only local physical links are being used Dedicated private network Logical Equivalent

  18. Transparency in PLS mechanism establishment

  19. Economical , Financial, social effectiveness

  20. Risk Management

  21. Conclusions and policy recommendations: • One of the important proposals to fulfill non-usuric banking is "NUBankCo". • But fulfillment of PLS mechanism and establishment of NUBankCo will be more realistic and more effective by applying IT based systems. • This capability requires external interfacing, gateway and RTGS with security characteristics of integrated information. • Standardization in all processes and practices of operational, supervising and managerial aspects should be done by an independent organization to fulfill this type of banking.

  22. Thank youAlahyarifard@yahoo.com

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