- 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”). - 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 - What is the criteria to be eligible for this financing?
• A Shariah-compliant business
• Grab Merchant for 3+ months
• At least 1 net transaction in the past 1 month
• Monthly Grab gross earnings > RM400
• Business owner must be Malaysian citizen, aged 21 to 70 years old
• Applicable to Grab Merchant in nationwide.
• Low cancellation rate by Merchant
• GrabMerchant app must be enabled
Note: The eligibility criteria above is only a guide. GrabFinance has the discretion to modify the eligibility criteria from time-to-time. Please note that an application by an applicant who has met all of the below eligibility criteria is still subject to GrabFinance’s final assessment and approval for the programme.
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