FINISHED GOODS FINANCING

Finished Goods Financing is a combination of Musawamah and Wakalah targeted at providing working capital against finished goods.
For customers who are involved in the trading of finished goods, liquidity of funds can be a concern if their selling terms are mostly credit based. Through Finished Goods Financing, you can reap the benefits of cash sales instead of having to wait for your customers to pay you.
Under this arrangement, Rizq purchases certain finished goods from you against spot payment. Subsequently, Rizq appoints you as its agent to sell these goods on its behalf. Once you receive the sale proceeds from the end buyer(s), you pass on the proceeds to Rizq resulting in the settlement of your financing.