Questions, answered plainly
Everything people usually ask before they apply. Can’t find yours? Ask us directly.
Islamic finance
What makes financing Sharia-compliant?
Three things: it is linked to a real asset or business activity, it involves no interest (riba), and its terms are clear and certain to both sides (no excessive uncertainty, or gharar).
Isn’t the profit just interest with a different name?
No. With a conventional loan, money is lent and the debt grows with time. In Murabaha we buy and own the goods first, taking real ownership risk, and then sell them to you at a fixed price. That price does not increase if you take longer to pay.
What is the difference between Murabaha, Ijara, Musharaka and Qard Hasan?
Murabaha is a cost-plus sale of goods or assets. Ijara is a lease of an asset we own. Musharaka is a partnership where we invest alongside you. Qard Hasan is a benevolent loan: you repay exactly what you borrowed. Compare them side by side.
Can non-Muslim business owners apply?
Yes. Our financing is open to every eligible business, whatever the owner’s faith. Many people choose it simply for its clear, fixed pricing.
Applying
Who can apply?
Registered small and medium businesses with a clear purpose for the financing and records of their sales. See who can apply.
What documents do I need?
Usually: your business registration or licence, owners’ ID, recent bank statements or sales records, and a quote for what you want to buy. Musharaka applications also need a business plan.
How long does it take to get a decision?
It depends on the financing and on how complete your documents are. Our team gives you a timeline once we have reviewed your application, and keeps you updated at every step. Larger or Musharaka deals can take longer.
My business is new. Can I still apply?
Talk to us. Musharaka can sometimes suit early-stage businesses with a strong plan.
Do I need collateral or a guarantor?
It depends on the financing. In Murabaha and Ijara, the financed asset itself often forms part of the security. We explain any requirement clearly before you sign.
Does it cost anything to apply?
Applying is free and does not commit you to anything. Any fees for your financing are shown in your written offer before you sign.
Payments
How are instalments calculated?
For Murabaha, the total price (cost plus agreed profit) is divided over the agreed schedule. For Ijara, the rental is fixed in the contract. You see every payment before you sign.
Can I pay early?
Ask our team how early settlement works for your financing. It is set out in your offer before you sign.
What happens if I miss a payment?
Talk to us early. We work with you on a solution. The price never compounds.
Still have a question?
Send it to us and we will reply by email or phone, whichever you prefer.