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Our dedicated team of highly experienced funding specialists are ready to unlock funding opportunities and options in your industry. Start the conversation with us on how to structure a funding solution that’s built around your business.
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Shari’ah FAQs: Everything you need to know
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What is Murabaha Financing?
A simplified description of Murabaha with TymeBank: The bank purchases the asset. The asset is resold to you by the bank at a price and terms agreed upon in advance and you pay the bank in installments. -
Is the Murabaha agreement compliant with Islamic Law?
Yes, the Murabaha agreement is structured to adhere strictly to Shari'ah principles, with no interest (Riba) involved, and reviews are conducted to ensure its compliance. -
Is this product only for Muslims?
No, it is open to everyone. While based on Islamic principles, anyone can benefit from its transparent, fixed-cost structure.
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How does a Merchant initiate a transaction with TymeBank?
Simply reach out to our Shari’ah funding specialists by emailing yazeed@retailcapital.co.za to guide you through our easy application process. -
How long does the approval process take?
The approval process typically takes 1- 2 business days, subject to document verification and underwriting. -
Can I settle my Murabaha financing early?
Yes, early settlement is possible. TymeBank may offer a rebate (Ibra) on the remaining profit portion, subject to agreement.