Running a business is never easy. Regardless of the industry, business owners are bound to face different sets of challenges, one of the most common being financing. From sourcing raw materials, hiring employees, to keeping operations running efficiently, sufficient cash flow and resources are required.
If you need financing to give your business a little boost, then apply for Grab Biz Financing-i, a shariah-compliant business financing with an easy application process and affordable daily payments!
For more information about this programme, click here.
What is Grab Biz Financing-i?
Grab Biz Financing-i is an unsecured Shariah-compliant business financing offered by GrabFinance, only available to eligible Grab merchant-partners ("Merchants"). This business financing is calculated on a fixed profit rate resulting in fixed daily payments throughout the financing tenure.
What is Shariah-compliant financing?
Islamic financing or shariah-compliant financing, refers to financing or activities that adhere to Shariah (Islamic law). The rules that govern commercial transactions in Islamic financing are referred to as fiqh al-muamalat.
Where can I find the Grab Biz Financing-i?
Grab Biz Financing-i is currently offered to eligible Merchants only. Eligible Merchants can find out more by clicking the “Financing” tile in the GrabMerchant app. Eligible Merchants will also be notified via an in-app message in the GrabMerchant app or through email.
What can I use the Grab Biz Financing-i for?
You are encouraged to use the financing amount for the needs/items below:
• Buy equipment
• Buy inventory
• Buy raw materials
• Debt consolidation
• Pay rent
• Pay salaries
• Repairs or renovation
• Marketing expenses
• Technology expenses
• To open a new store
How long will I have to wait to know my application status?
You will receive an in-app message or WhatsApp from GrabFinance on your status within 7 working days of submitting your application. If you do not hear from us after 7 working days, please contact the Grab Support Team via the GrabMerchant app to check your status.
Click here to read more on the FAQs.
Terms & conditions apply.
Take your business to new heights with Grab Biz Financing-i
Frequently Asked Questions (FAQs)