Islamic Factoring

Factoring refers to a method of financing sales invoices in order to obtain immediate cash advance. It benefits clients’ business by increasing sales and profit margins, improved cash flow, obtained additional working capital for business expansion, reduced  cost of managing credit and collection and no collateral required.

With Kenanga's factoring services, our client's business can be better managed with prompt approvals and turnaround time for drawdown.

We offer Islamic Factoring that is Shariah compliant and provides cash advances against factored invoice, purchase order or local order for goods that have been delivered or services that have been completed or rendered.

In addition, we also provide the following services to facilitate the factoring process:-

  • Letter of Undertaking as payment guarantee to the appointed supplier
  • Letter of Support on financial assistance to any  eligible contractor and supplier for project tendering purposes

For more information, please email marketingkci@kenanga.com.my