IT roles in fulfillment of PLS mechnism

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IT roles in fulfillment of PLS mechnism
Bijan Bidabad Mahmoud Allahyarifard
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Conventional banking profit Function
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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.

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Conceptual Architecture model
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Information System Architecture
Debit or Credit Cards
Data warehouse
Secure Dedicated Connections
Data warehouse
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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)
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BPR Systems
BPR is operational, supervisory and management
processs reconsideration for producing new
products or services. BPR in IT-based business
causes structural upheaval in process
Practices
Modifying, Removing, Reengineering
Process
Rules
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ERP Systems
A comprehensive and integrated system which
covering all of data information
BPR
SCM
CRM
HRM
MES
DSS
Gate way
Outer-Network
Gate way
OAS
RTGS
ECS
TPS
WFM
Outer-Network
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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
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SCM Systems
SCM Managing relationship and transactions among
suppliers, business partners, customers and
banks.
Supplier
Business partners
Customers
Stock Exchange Agencies
Other Exchange Agencies
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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
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HRM Systems
HRM Contain interactive and online capabilities
of economic ,training , educational, cultural,
favorites and hobby/entertainment needs of
employees
Knowledge Mapping
Knowledge Management
Favorites
Employee
Educational needs
Economic needs
Welfare
Hobby/entertainment
Health
Cultural
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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
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Domain Integrity, Entity Integrity, Referential
Integrity
DSS
ERP
MES
CRM
SCM
BPR
RTGS
WFM
HRM
OAS
Central bank
SWIFT
Investor
TPS
External Interface
Database Server
Business partner
Stock EX. Ag.
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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
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Relationship between non-usury bank and depositors
Investment deposit
Civil partnership
New non-usury bank
Depositors portfolio
Legal partnership
New non-usuric banks investment company
Modurebeh
Forward transactions
Stock exchange agency company
Moshrekeh Mudarebeh contractionms (PLS)
Joaaleh
Other exchange markets
Mozaraeh
Direct investment
Mosaqat
Lease
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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
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Transparency in PLS mechanism establishment
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Economical , Financial, social effectiveness
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Risk Management
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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.

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Thank youAlahyarifard_at_yahoo.com