Hakeem uses Islamic Financing by purchasing a commodity and selling it to the customer at a higher deferred price. The customer, either directly or through an agent, then sells the commodity to a third party for immediate cash, if needed. This process provides the customer with the needed funds without involving interest. Alternatively, the customer may choose to use the commodity itself.

Hakeem ensures transparency by providing clear documentation of all transactions, including the purchase and sale of the commodity, the deferred payment terms, and the final sale to a third party. Customers are fully informed of each step, and contracts are made accessible for review.

Hakeem’s Islamic Financing services are beneficial for individuals, businesses, and institutions that require Shariah-compliant financing solutions. Whether for personal liquidity needs, business capital, or investment opportunities, Hakeem’s services cater to a wide range of clients.

To use Hakeem’s Islamic Financing services, customers must meet specific eligibility criteria, including a valid identification, proof of income, and a good credit history. Hakeem assesses each application to ensure that the customer’s needs align with the principles of Islamic Financing and Islamic finance.

The profit margin in a Islamic Financing transaction is calculated based on the commodity’s market value, the duration of the deferred payment, and prevailing market conditions. Hakeem ensures that the profit margin is fair, transparent, and agreed upon by all parties before the transaction is executed.

Hakeem mitigates risks by carefully selecting commodities with stable market demand, conducting thorough due diligence on customers, and ensuring that all transactions are conducted with full transparency. Additionally, Hakeem provides advisory services to help customers understand the risks involved.

Yes, Hakeem offers customized Islamic Financing solutions tailored to the specific financial needs of its customers. Whether for short-term liquidity, long-term financing, or specific investment purposes, Hakeem works with clients to structure transactions that meet their unique requirements while maintaining Shariah compliance.

In the event of a default, Hakeem works with the customer to find a mutually agreeable solution, which may include restructuring the payment terms or arranging for an alternative settlement method. Hakeem is committed to maintaining the ethical standards of Islamic finance, which includes handling defaults with fairness and compassion.

To initiate an Islamic Financing transaction with Hakeem, customers need to provide identification, proof of income or financial stability, and any additional documents specific to the type of transaction (e.g., Bills). Hakeem guides customers through the documentation process to ensure compliance with all legal and Shariah requirements.

The time required to complete an Islamic Financing transaction with Hakeem can vary depending on the complexity of the transaction and the customer’s readiness with required documentation. Typically, a transaction can be completed within a few hours, but Hakeem strives to expedite the process to meet customer needs promptly.

Hakeem ensures Shariah compliance by adhering to strict guidelines that avoid pre-arranged transactions or conflicts of interest, maintaining full transparency in all dealings, and ensuring that all contracts are in line with Islamic principles. Each step of the process is carefully monitored and certified by Shariah experts to guarantee compliance

Hakeem plays a crucial role in facilitating Islamic financing by adhering to Sharia principles in all its offerings. This includes ensuring compliance with Islamic laws, providing alternative financing solutions like Islamic Financing, and maintaining the integrity of the Islamic financial system.