Overview

In a Bai Salam contract, the buyer makes an advance payment for goods delivered at a future date. This arrangement helps support agricultural producers and businesses by providing them with immediate funding in exchange for their commitment to deliver the goods later.

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Repayment

You can make the repayments on the scheduled repayment dates and also have the option to settle them in advance by providing your finance arrangement reference, debit account number, and payment amount.

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Create a Mudaraba Finance

You can create a Mudaraba finance. The asset purchase process flow does not apply to Mudaraba finance, as the Financial institution acts as an agent to provide capital for the customer's business.

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Migration

Migration is the process of moving data from a legacy system to a new system. Migrating finance arrangements involves,

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Enquiry

You can fetch the finance and payment details.

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Asset Approval

In the Asset Approval stage, the bank and customer enter a Salam agreement for future delivery of goods.

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Create a Finance

You can create Bai Salam Finance to disburse funds during the advance purchase stage. Finance is created for the finance amount equal to the amount of commodity sale.

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Overview

Diminishing Musharaka finance is an Islamic financial partnership model where two or more parties contribute capital to a joint venture and share its profits and losses according to their investment ratios. Islamic principles, which emphasize fairness, risk-sharing, and ethical investment, root this arrangement.