The problem it solves
A distributor switching to a new supplier usually has to pay before shipment or open a letter of credit. Both tie up cash and credit lines. Deferred payment removes that barrier, but many buyers and sellers prefer to avoid interest-based credit.
How murabaha works
- The buyer agrees the goods, price and delivery with Exportly.
- An Islamic bank buys the goods for cash and takes ownership.
- The bank sells the goods to the buyer at cost plus a fixed profit, disclosed upfront.
- The buyer pays the agreed price later, typically at 90 to 180 days, in one or more instalments.
- Exportly ships and is paid by the bank; the factory is paid on its normal terms.
Why it is different from a loan
The price is fixed at the start and does not grow if the buyer pays late; there is no compounding interest. The bank earns a trading profit on goods it genuinely owned, which is what makes the structure Sharia-compliant. Each structure should be approved by a qualified Sharia adviser.
Who qualifies
Established distributors and manufacturers with audited accounts and a good payment record. The bank or its credit insurer approves each buyer and sets a limit. Pilot orders are eligible once the buyer is approved.
What it costs
The profit mark-up depends on the buyer's credit, the tenor and the currency, and is shown in the pro-forma before you commit. Exportly may charge a fixed, disclosed arrangement fee for structuring the file.
How to start
Tell us the products and volumes you need and request deferred terms in the order form. We confirm eligibility and the full price, including terms, with the pro-forma.
