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RM

Pre-financing


Post-financing


*Note / Disclaimer:
The formulated amounts in both PRE FINANCING & POST FINANCING products shows the maximum eligible amounts for each financing.
These formulations are considering best case scenario.
Final result will be based on the decision made by Credit Committee

PRE-FINANCING

WAKALAH PRE FINANCING-i (WPF-i)

The Sharia concept applied called Wakalah. M24 Tawreeq is offering WPF-i that is structured using the underlying contract of Wakalah to facilitate invoice factoring of the subject matter that is allowable under Wakalah i.e supplying / selling goods or material that meets Shariah requirements on assets.

IJARAH KHADAMAT PRE FINANCING-i (IKPF-i)

The Sharia concept applied is called as Ijarah al-Khadamat. The Factor is offering IKPF-i that is structured using the underlying contract of Ijarah al-Khadamat to facilitate invoice factoring of the subject matter that is allowable under Ijarah al-Khadamat i.e. providing services/works that meets Sharia requirements.

RESTRICTED MUDARABAH PRE-FINANCING FACTORING (RMPF-i)

The Sharia concept applied called Mudarabah. M24 Tawreeq is offering RMPF-i that is structured using the underlying contract of Mudarabah to facilitate invoice factoring of the subject matter that is allowable under Mudarabah i.e. project venture that meets Shariah requirements on assets. Any profit generated from the capital is shared between the rabbul mal and the mudarib according to a mutually agreed profit sharing ratio (PSR).

POST-FINANCING

COMMODITY MURABAHAH POST FINANCING-i (CMPF-i )

Commodity Murabahah Post Financing i (“CMPF i ”) is a Post Financing Factoring for asset acquisition and/or working capital. It is defined as a sale of a specified commodity in two different level of transactions. First, the selling of commodity to the buyer for a certain period with deferred payment and subsequently the buyer sells it to a third party for a cash payment. The commodity trading transaction will be conducted on the commodity trading platform
( i.e. Bursa Suq al Sila or any other providers).

It r e fers to a contract where it involves at least three different parties for the whole transactions and Murabahah refers to a contract where the seller has the obligation to disclose cost and profit to the buyer.

Dual wakalah arrangement is applied to this product whereby the Client will appoint the Factor as its agent to purchase the commodity owned by the Factor and to sell the commodity to the third party.