Editing Supply@ME Capital
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The secondary audience is inventory-intensive companies that follow the teachings of Islam (i.e. Islamic inventory-intensive companies). | The secondary audience is inventory-intensive companies that follow the teachings of Islam (i.e. Islamic inventory-intensive companies). | ||
Currently, inventory finance is treated as a loan, involving interest (payments). Interest is considered to be a sin in Islam (Quran 2:278-279), and, therefore, Muslims should avoid engaging in transactions that involve interest. Accordingly, the current form of inventory finance excludes 1.97 billion people (or 25% of the global population). | Currently, inventory finance is treated as a loan, involving interest (payments). Interest is considered to be a sin in Islam (Quran 2:278-279), and, therefore, Muslims should avoid engaging in transactions that involve interest. Accordingly, the current form of inventory finance excludes 1.97 billion people (or 25% of the global population). The Supply@Me Finance company claims that its form of inventory finance is structured in a way in which the inventory is actually sold (i.e. it's not treated as a loan, and, therefore, there is no associated interest), making the platform an inventory finance platform that truly sells the inventory (i.e. true sale inventory finance platform), and, therefore, an inventory finance platform that is allowed to be used by Muslims (i.e. Muslim-permissible inventory finance platform). | ||
Many Islamic countries adopt Sharia, Islamic law, and the Supply@ME finance structure has been approved as being compliant within the principles of Shariah, thereby making the platform one of the first shariah-compliant inventory finance platforms. | |||
== Which are the main competitors of the product? == | == Which are the main competitors of the product? == |