How It Works
Trusted by Many Customers
★★★★★
At La Riba Finance, every financial product is designed and delivered in strict accordance with Islamic finance principles.
Our transparent processes ensure compliance with Shariah, creating ethical and fair financing for all
Tip: Prepare the following documents in advance
To ensure a smooth application process, please have the following documents ready:
A selfie holding your identity card, ensuring that both your face and the card are clearly visible and legible. For best results, ask someone to take the photo for you.
A copy of your Identity Document (ID).
Your last three months’ bank statements.
Your last three payslips.
Proof of residence dated within the last three months.
Step 1: Application Submission
The process begins with you submitting an application tailored to your needs
Click any of the Apply Now buttons
Click " register as an online applicant " once in the quinpay application portal
Follow the easy steps and complete your application on the quinpay application portal
Step 2: Shariah Compliance Screening
Once your application is received, it is reviewed by our expert Shariah Advisory Team to ensure compliance with Islamic finance principles.
No Interest (Riba): All transactions are structured to avoid interest.
Ethical Purpose: Financing must be for permissible (halal) purposes.
Transparency: Terms, conditions, and fees are clear and fair.
Our scholars oversee the process to ensure every agreement aligns with Islamic law.
Step 3: Structuring Your Financing
Content:
We structure each transaction using appropriate Shariah-compliant contracts based on your specific financing needs. Below are the models we use:
1. Murabaha (Cost-Plus Financing)
Suitable for asset-backed financing (e.g., vehicles, equipment).
How It Works:
La Riba Finance purchases the item (e.g., car, machinery) on your behalf.
We sell the item to you at an agreed markup.
You repay the amount in fixed installments, free of interest.
2. Musharakah (Partnership)
Ideal for business financing or joint ventures.
How It Works:
We partner with you by investing funds in your business.
Profits are shared based on an agreed ratio.
Losses are shared based on the proportion of invested capital.
3. Mudarabah (Profit-Sharing)
Used for business financing where you provide expertise, and we provide capital.
How It Works:
You act as the entrepreneur, and we act as the financier.
Profits are shared as per the agreed ratio.
Losses are borne solely by us unless caused by negligence or breach of agreement.
4. Ijarah (Islamic Leasing)
Suitable for asset-backed financing (e.g., vehicles, property).
How It Works:
We purchase the asset and lease it to you for a fixed period.
You pay agreed-upon rental amounts.
Ownership can be transferred to you at the end of the lease period, if agreed.
5. Tawarruq (Commodity-Based Financing)
Used for personal loans to provide cash ethically.
How It Works:
La Riba Finance buys a commodity on your behalf and sells it to you at a higher deferred price.
You sell the commodity to a third party for immediate cash.
This structure allows you to access funds without interest, complying with Shariah principles.
Step 4: Agreement Signing
Once the structure is finalized, we provide a clear and transparent agreement:
The agreement outlines the financing terms, repayment plan, and all conditions.
We ensure you understand every aspect before proceeding.
Step 5: Disbursement or Asset Delivery
After the agreement is signed:
For Asset Financing: The asset is delivered to you, ready for use.
For Personal Loans: Funds are made available through the Tawarruq process.
For Business Financing: Capital is invested or disbursed as per the Musharakah or Mudarabah agreement.
Step 6: Ethical Repayment
Repayments are structured to be affordable, fair, and ethical:
Fixed installment plans for Murabaha and Ijarah agreements.
Profit-sharing mechanisms for Musharakah and Mudarabah agreements.
Transparent terms with no hidden fees or interest charges.
Our Shariah Compliance Commitment
Ensuring Compliance with Islamic Principles
At La Riba Finance, we work closely with our Shariah Advisory Board to ensure every transaction meets the following principles:
Prohibition of riba (interest).
No gharar (excessive uncertainty) or unethical practices.
Adherence to Islamic contracts, fostering fairness and trust.
Every product and process is audited and reviewed regularly to maintain the highest standards of compliance.
Why Choose La Riba Finance?
100% Shariah-compliant financing tailored to your needs.
Transparent processes with no hidden charges.
Expert oversight by our Shariah Advisory Board.
Ethical financing that supports your goals without compromising your faith.
Follow these simple steps to apply for financing
Customer reviews
Discover what our clients think about our service
The loan process was so simple and quick! I got the funds I needed without any hassle. Highly recommended!
Amina K.
Excellent customer service and very transparent about the terms. I appreciate how they made everything easy to understand.
Yusuf R.
★★★★★
★★★★★
Let us contact you
Get in touch
Address
39 Lakefield Avenue
Lakefield
Benoni
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