We are a Fintech company headquartered in Singapore. Seedflex Capital Sdn Bhd is certified by our Shariah Advisors to offer Pay-As-You-Sell Advance as a Shariah-compliant product in Malaysia.
Pay-As-You-Sell Advance is offered under the Tawarruq (Commodity Murabahah) concept and is currently not subject to any licensing or regulatory requirements
What business is eligible to apply Pay-As-You-Sell Advance?
As long as your business is Shariah-compliant, you are eligible to apply for the Pay-As-You-Sell Advance. Please note that businesses involved in Shariah non-compliant industries—including alcohol, gambling, tobacco, pork and its by-products, or other prohibited activities—are not eligible for this facility.
How is my available amount determined?
We will determine your available advance amount by analyzing your sales history and assessing your bank statements from the past 6 months. You can qualify for a limit of up to 10x your weekly sales, capped at a maximum of RM250,000.
Additional Product Information
Everything you need to know about Pay-As-You-Sell Advance
General Information
Name of Product
Pay-As-You-Sell AdvanceTM
Financing Type
Shariah
Available Amount
Up to 10x of Weekly Sales; Max RM250,000
Tenure
Up to 24 weeks
Charges
Interest
No Interest
One-Time Fee
Up to 7%
Other Charges
Stamp Duty of 0.5%
Late Fees
None
Early Repayment Charges
None
Disbursement Details
Disbursement Method
Direct to Bank Account
Disbursement Time
Up to 48 Hours
Disbursement Amount
The selected amount; Fees are NOT deducted but added to the repayment amount
Repayment Type
Automatic from bank account; Fixed amount or % of sales
