Asset Request
Asset Request
Asset request is the initial step in the Islamic financing workflow when an asset sale is involved. This request begins when the customer approaches the financial institution to purchase the asset.
Migration
Migration
Migration is the process of moving data from a legacy system to a new system. Migrating finance arrangements involves,
Mudaraba Facility
Mudaraba Facility
A facility is a lender's promise to offer a customer finance or a credit line for a specified amount.
Repayment
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.
Create a Mudaraba Finance
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.
Migration
Migration
Migration is the process of moving data from a legacy system to a new system. Migrating finance arrangements involves,
Asset Approval
Asset Approval
In the Asset Approval stage, the bank and customer enter a Salam agreement for future delivery of goods.