What makes our Shari’ah Business Advance Shari’ah-Compliant?
Our Shari’ah Business Advance is structured on the Murabaha agreement, which does not involve the payment or receipt of interest.
It is asset-backed and designed to align with Islamic financial principles, certified by Islamic Scholars.
What are the qualifying criteria:
Minimum Monthly Turnover
Your business should generate a monthly turnover of R50,000 or more.
This reflects your readiness to grow and ensures your operations are at a stage where financing can make a meaningful impact.
Minimum Operating Period
Your business must have been actively trading for at least 6 months.
We support enterprises with a consistent track record, helping them grow in a manner that is both sustainable and aligned with Islamic financial principles.
How our Murabaha financing works:
There are no fees or interest charges. Instead, we agree on a fixed markup added to the purchase price – clear, transparent, and never-changing.
An Islamic finance option.
Discover a financial solution that aligns with your values and drives your business growth. We will purchase the assets or goods your business needs and sell them to you at a pre-agreed profit margin.
Exclusive product features:
Finance from R50,000 to R5 million
Terms between 3 and 12 months
Payments occur within 24 hours of contract approval
Backed by dedicated, experienced Shari'ah funding specialists
Certified and compliant with Islamic Law
Funding to grow and strengthen your business for the future.
Unlock your business potential
The Shari’ah Business Advance funding product provides growth capital for diverse business needs like purchasing stock, investing in machinery or seizing new opportunities.
Tailored for Shari’ah-focused entrepreneurs
We deliver customised financing solutions that cater to the specific needs of businesses seeking to align their financial practices with Islamic principles.
Faith-based business success
Our aim is to help you achieve your business ambitions while staying true to your beliefs. Choose a Shari’ah Business Advance to grow your business in a manner that aligns with sustainable and Islamic values.
For personalised support and to discover how our solutions can empower your business, chat to a funding specialist.
Shari’ah Business Advance FAQs
GoTyme Bank buys the asset on your behalf, then sells it to you at a pre-agreed price with clear payment terms. You repay the bank in instalments, with no hidden fees or interest - just transparent, Shari’ah-compliant financing.
Yes, the Murabaha agreement is structured to adhere strictly to Shari'ah principles, with no interest (Riba) involved and reviews are conducted by a committee of Islamic Scholars to ensure its compliance.
No, it is open to everyone. While based on Islamic principles, anyone can benefit from its transparent, fixed-cost structure.
Simply reach out to our funding specialists by submitting the contact form and they will guide you through our easy application process.
The approval process typically takes 1- 2 business days, subject to document verification and underwriting.
Yes, early settlement is possible. GoTyme Bank may offer a rebate (Ibra) on the remaining profit portion, subject to agreement.
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