Shariah
Shariah Financing at Shaamilkar
At Shaamilkar, we’re not just building a business — we’re building trust. A big part of that is making sure our financing model stays true to Islamic principles. We believe it’s possible to offer modern, flexible installment plans while staying grounded in fairness, transparency, and ethics. That’s why our business is Shariah-aligned.
If you’ve ever wondered how Islamic financing works — or how Buy Now, Pay Later can fit within those values — you’re in the right place.
How Our Model Works
We follow a Shariah-aligned contract structure known as Musawamah.
In simple terms, Musawamah means we sell you a product at a final agreed-upon price, and you pay that over time in fixed monthly installments. This price includes a profit, but there’s no interest, no compounding, and no surprise fees.
This is not a loan. You’re not borrowing money — you’re purchasing a product from us, with the option to pay over time.
Why We Use Profit (Not Interest)
Islamic finance allows for profit through trade, not through lending. That’s a key difference.
We purchase the product ourselves, then resell it to you at a slightly higher price depending on your chosen payment plan. That difference is our profit. It’s agreed upon in advance, and it doesn’t change. This approach avoids riba (interest), and it gives you complete clarity.
Installment Plans That Work for You
We offer installment periods of:
3 months
6 months
9 months
12 months
The markup varies depending on the plan you choose. The longer the plan, the higher the markup — but it’s all fixed upfront, with no penalties or surprises along the way.
For example: If a product costs Rs. 100,000 and the 6-month plan adds Rs. 12,000, your total payment will be Rs. 112,000. You’ll pay Rs. 18,667 each month — simple and clear from day one.
Why This Matters
We started Shaamilkar because we wanted to make responsible, faith-aligned financing accessible to more people — without cutting corners or compromising on values. Whether you’re buying a smartphone or an e-bike, our goal is to offer a smarter way to pay — one that’s transparent, ethical, and built around trust.
If you have questions or want to understand more about how our financing works, feel free to reach out. We’re always happy to walk you through it.