Frequently asked questions
Straight answers to help you get started.
If you cannot find what you need, our support team can help you understand the next step.
What is Islamic financing?+
Islamic financing uses structures designed around transparency, real economic activity and agreed contractual relationships. BOXPay explains the relevant product structure before you proceed.
What is Murabaha?+
Murabaha is a cost-plus sale arrangement. BOXPay purchases an identified asset and sells it to you at an agreed price that is disclosed upfront.
What is Wakalah?+
Wakalah is an agency arrangement. BOXPay acts according to an agreed mandate for a defined purpose, with the roles and terms set out clearly.
Can my small business apply?+
Yes. BOXPay is designed to help individuals and small businesses explore financing for clearly defined needs. Start by telling us about your business purpose.
How do I apply?+
Use the Apply for Financing button to send an enquiry. The customer application experience can be connected here as BOXPay’s platform develops.
Are product terms the same for everyone?+
No. Terms, availability and suitability depend on the specific need and are discussed as part of the application process.
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