Unlock Cash Flow. Accelerate Growth.
Shoraka Quick Factor is a digital invoice factoring solution designed to help businesses unlock immediate cash from their unpaid invoices. Instead of waiting 30, 60, or even 90 days for payment, businesses can convert receivables into working capital—quickly, efficiently, and in a Shariah compliant manner. Built for modern businesses, Quick Factor provides seamless access to liquidity, enabling you to maintain healthy cash flow, meet operational needs, and scale with
confidence.
How it works?
1
Step 1:
Upload Invoice -
Submit your verified invoices through our secure digital platform.
2
Step 2:
Get Funded -
Receive early payment based on your invoice value—fast and hassle-free.
3
Step 3:
Customer Pays Later - Your customer settles the invoice on agreed terms, completing the cycle.
Why QuickFactor?
Built different. By design.
Not a loan disguised as factoring. A genuine Shariah-compliant alternative to conventional working capital.
True Sale Structure
Genuine receivable transfer No interest No compound charges
Built for Business Reality
Fast onboarding Digital submission Rapid approval
Cooperative-Ready
Governance workflows
Member oversight support
FAQ
Frequently Asked Questions
What makes QuickFactor different from conventional invoice factoring?
Conventional invoice factoring typically operates as a loan secured by receivables, charging interest on advanced funds and often including hidden fees or complex recourse clauses that can trap businesses in cycles of debt. QuickFactor structures transactions as Al-Bay'—a true sale of the receivable from your business to the funder. This means ownership actually transfers, distinguishing it fundamentally from lending. Rather than paying interest on money borrowed, you pay a disclosed service fee (Ujrah) for the convenience of immediate cash flow. The transaction is asset-backed by the actual invoice, transparent in pricing with no compound charges, and carries no recourse obligations that would create contingent liabilities on your balance sheet. For SMEs and cooperatives seeking working capital without compromising their values or taking on conventional debt, this structure provides a genuine alternative that aligns with Shariah principles.
1. How is Quickfactor different from conventional factoring?
Conventional factoring is essentially a loan secured by receivables, charging
interest on advanced funds. QuickFactor executes a genuine Al-Bay' (true sale)
— ownership of the receivable transfers to the funder. You pay a disclosed Ujrah
service fee, not interest. No compound charges, no recourse obligations on your
balance sheet.
2. How does the pricing work?
Each invoice is assessed individually. The Ujrah fee depends on invoice value,
your customer's credit profile, and payment terms. You see the exact fee and
final cash amount before committing — no surprises after the fact.
3. Can cooperative use QuickFactor?
Yes — QuickFactor specifically accommodates cooperative governance.
Approval workflows align with democratic decision-making, and aggregate
reporting helps leadership understand overall activity across members while
respecting individual privacy.
4. How secure is my financial data?
QuickFactor uses bank-grade encryption and secure data storage. Smart
contracts enforce Al-Bay' terms automatically, and strict invoice verification and
customer credit checks protect all parties in every transaction.
5. How quickly can I get funded?
Once your invoice is submitted and verified, funding is typically available within
24 hours. The platform is built for the speed of real business, not slow-moving
credit committees.