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EQUIPMENT FINANCE

FINANCING FOR TRADE GEAR

EQUIPMENT FINANCE

Businesses often need different kinds of used/ new machinery and equipment for a variety of needs. As a provider of shariah compliant solutions, Rizq knows the value of equipping you with all the necessary tools catered to your business in order to assist you in providing your products/ services to your clients.
Through our Ijarah and Diminishing Musharakah products, we proudly offer you the optimum solutions catered to your specific equipment financing requirements to help you being at your best!

If you are looking to procure an asset without any down payment and require long term financing, Rizq’s Ijarah Finance offers the perfect solution.
Upon your request, Rizq purchases the equipment of your choice from the supplier and subsequently leases it to you for a mutually agreed tenor. At maturity, Rizq transfers the ownership in your name by either gifting or selling it to you for a nominal price.

Under this arrangement, Rizq initially pools funds with you to purchase the required equipment and therefore becomes a joint owner in the purchased equipment. Subsequently, it leases its share of the asset to you against periodic rental payments. Alongside, in each instalment, it also sells to you a part of its share thereby reducing its ownership after each instalment. At the end of the tenor i.e. after all of Rizq’s share have sold to you, you become the sole owner of the asset.

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We'll do everything we can to get you the funding you need.

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