Islamic Finance Solutions
T +1-604-992-0138
Email: contact@trafin.ca
Trafin Enterprises Inc.
Vancouver, Canada
Trafin will provide you with the required finances and become a joint owner in your business to the extent of its ownership ratio.
If you are a start-up and have a feasible shariah compliant business proposition but do not have the requisite funding, Trafin will arrange the funds for you in the capacity of rabb ul maal
If you are looking to procure an asset and require financing on it, Trafin is there for you. Upon your request for a certain asset, Trafin initially purchases the asset itself (or by appointing you as its agent).
Under this arrangement, Trafin orders you to manufacture and deliver specified goods or to construct a project against an agreed price paid on spot or in instalments. Subsequently, Trafin appoints you as its agent to sell these goods/ assets in the market.
In Salam financing, Trafin purchases specified goods against an agreed price to be paid completely in advance. Afterwards, Trafin appoints you as its agent to sell these goods in the market.
For customers who are involved in the trading of finished goods, liquidity of funds can be a concern if their selling terms are mostly credit based. Through Finished Goods Financing, you can reap the benefits of cash sales instead of having to wait for your customers to pay you.
Under Wakalah, Trafin provides you the required funds to be invested in your own or an outside business for an agreed tenor. At the end of the agreed tenor, you as Trafin’s agent, return its investment along with the applicable profit.