What happens between my financed stock order and my anchor being paid?

You place the order

You order from your anchor’s catalog on the platform, or send its proforma invoice, and ask for financing within the limit the financier has set for you. The order has to fit within what is left of your limit.

Your anchor approves it

Your anchor checks the goods, the quantities and the amount, and approves the order. Some anchors approve orders automatically.

The financier reviews it

More than one person at the financier reviews the order before it is approved, and it can be declined. If it is approved, you receive an offer letter for that order. Read it before you accept: it sets out what you owe and when.

What you accept

Conventional distributor finance is a credit facility in your name. Accepting the offer letter commits you to pay the financier on the agreed date, whether or not the stock has sold.

If your program is Sharia-compliant

Our Sharia-compliant option is a Murabaha sale, not an interest-bearing loan. The financier, as Master Distributor, buys the goods from the supplier and sells them to you at an agreed profit. You pay the agreed price on the agreed dates. It is a binding obligation: if you pay late, recovery follows documented Sharia principles.

You accept that offer by signing the Murabaha agreement with a one-time code sent to you.

The financier pays your anchor

Once you have accepted, the financier pays your anchor directly for the stock. The money never passes through you. One person at the financier records that payment and a second releases it, so neither can do it alone.

Each financed order uses part of your limit, so a new order has to fit within what is left.