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Seller Centric
Islamic Receivable Finance
FinShare enables Sharia-compliant Islamic Receivable Finance (IRF) for working capital. Suppliers access financing based on the Cost-Plus Model, using a MURABAHA derivative against receivables.
Commodity transactions, supported by brokers, facilitate the process. Adhering to Sharia principles, IRF offers a solution that ensures compliance with Islamic financial principles.
Guide
How Islamic Receivable Finance works
Step1A
Invoice Upload by Supplier
The supplier submits the invoice for processing and financing.
Step1B
Optional Confirmation by Buyer
The buyer has the option to confirm the invoice, validating its authenticity and facilitating the financing process.
Step2
Supplier Requests Discount
The supplier seeks a discounted amount for their invoice in exchange for immediate access to cash.
Step3A
Bank's Commodity Purchase from Broker 1
The bank acquires a commodity from Broker 1 as part of the financing arrangement.
Step3B
Bank’s Commodity Resale to Broker 2
The bank sells the acquired commodity to Broker 2 as part of the financing process.
Step3C
Supplier Financing via FinShare
The bank provides financing to the supplier through the utilization of FinShare.
Step4A
Supplier Repayment of Finance
The supplier fulfills the repayment obligations of the provided finance or... (see next step)
Step4B
Buyer Payment of Invoice
The buyer settles the payment for the invoice amount.
Benefits
How FinShare Uses Islamic Receivable Finance to Benefit You
Learn more below about how FinShare uses Islamic Receivable Finance to benefit businesses and optimize financial health. FinShare's proprietary technology streamlines the Islamic Receivable Finance process, making it faster and more efficient for businesses.
Additionally, FinShare offers personalized support and guidance to ensure that businesses are making the most of their financing options and optimizing their financial health.
Boosting the Economy with Genuine Trade Activities
Contributes to financial transactions backed by genuine trade or business related activities that boost the economy governed by Islamic principles.
Recovering Lost Revenue and Contributing to Society
Provides the bank with an opportunity to recover losses from late payments while simultaneously benefiting society through charitable contributions.
Financial Flexibility for Corporates through Reliable Liquidity
Provides corporates with financial flexibility by benefiting from reliable and revolving liquidity facility.
Transparent Financial Terms in Islamic Receivable Finance
Greater transparency which makes everything clear-cut and easy to understand with little room for surprise payments or hidden fees.
Immediate Cash Access for Suppliers with Account Receivables Sales
Provides Suppliers with immediate access to cash by selling their account receivables offered at reasonable discounts.
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