Islamic Factoring & Pre-Factoring

What is Factoring?

• Corporate Financing

• Leasing

• Invoice Financing

• Partnership

Following is type of Islamic Factoring contract EXCEPT

• Bay Al Dayn

• Tawarruq and Hawalah

• Ijarah Muntahiyah Bit Tamlik

• Bay Al Dayn Bi Al Sila'

Financial transaction and a type of facility in which a financing paid in advance by a Company to the client to help finance a project of the future products and will be paid via future receivable.

• Pre- Financing

• Leasing

• Partnership

Under Islamic Factoring, the following Shariah contract are complimentary Shariah contract for BDBS and Tawarruq and Hawalah EXCEPT

• Wakalah

• Wa'ad

• Ibra

• Tawarruq

Payment of Pre-Factoring facility usually will be conducted via

• Payment by client

• Payment by Customer

• Deduction of factoring disbursement

• Deduction of refundment amount