Fee-Based (riba-free) Loan Module

Manages fee-based loans that do not charge interest
Tag loans that follow fee-based rather than interest-bearing terms; follow Islamic banking interest-free (riba-free) lending practice

Assesses periodic fixed fee
Enter periodic fixed fee on the loan terms screen; fixed fee is automatically assessed with transaction postings

Produces billing statements that reflect fee-based schedule
Produce billing statements that display periodic fee charges rather than interest