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WORKING CAPITAL FINANCING

BUSINESS FINANCE

WORKING CAPITAL FINANCING

Businesses often need financing for working capital needs such as payment of salaries, utilities and other short term operational expenses. We, at Rizq, understand the importance of ensuring that your day to day financing needs are met in an efficient manner so that you can focus on other important business affairs. For this purpose, Rizq offers an array of shariah compliant working capital financing options to ensure that your business runs smoothly.

MURABAHA

Murabaha is a particular kind of sale where the seller discloses the cost of the sold asset(s) and the profit to the buyer. When used as a mode of financing, it allows customers to purchase their required (assets) from the seller on a deferred payment basis. If you are looking to procure an asset and require financing on it, Rizq is there for you. Upon your request for a certain asset, Rizq initially purchases the asset itself (or by appointing you as its agent). Once the asset comes under its ownership, Rizq sells you the asset on a credit basis keeping in view your desired tenor.

ISTISNA

Istisna is a contract of sale of items/ goods that can be manufactured, produced or constructed, whereby, the seller/ manufacturer agrees to deliver the ordered goods at an agreed time. If you are a manufacturer or you are involved in the construction industry, Istisna financing offers the ideal solution to meet your working capital requirements. Under this arrangement, Rizq orders you to manufacture and deliver specified goods or to construct a project against an agreed price paid on spot or in instalments. Subsequently, Rizq appoints you as its agent to sell these goods/ assets in the market. Once you receive the sale proceeds from the end buyer(s), you pass on the proceeds to Rizq thereby settling your financing.

SALAM

Salam refers to a sale of goods in which the seller is paid upfront against deferred delivery of the goods required by the buyer.
Since Salam requires the goods to be heterogonous, it delivers a customized solution especially to the customers associated with the agriculture sector. If you are a farmer or are involved in supplying agri outputs and are looking for shariah compliant financing, look no further than Rizq’s Salam financing.

In Salam financing, Rizq purchases specified goods against an agreed price to be paid completely in advance. Afterwards, Rizq appoints you as its agent to sell these goods in the market. Once you receive the sale proceeds from the end buyer(s), you pass on the proceeds to Rizq thereby settling the financing.

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.

WAKALA TUL ISTISMAR

Wakala tul Istismar means appointing another person to invest and grow one’s wealth, with or without a fee.Although Wakalah financing has a wide scope, it is primarily aimed at customers who are engaged in the service sector. Essentially, Wakalah financing provides the luxury of benefitting from upfront payment against future services.

Under Wakalah, Rizq provides you the required funds to be invested in your own or an outside business for an agreed tenor. At the end of the agreed tenor, you as Rizq’s agent, return its investment along with the applicable profit.

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