Bai` Ad-Dayn

What is Factoring-i?

Bai` Ad-Dayn

Factoring financing is a great solution if you are seeking the financial stability that you need to improve your company’s cash flow.

More and more businesses are using factoring to settle trade transactions with an estimated of more than ten million customers worldwide. Among the benefits from factoring that such businesses are reaping include consistent cash flow, lower administration costs and reduced credit risks, hence allowing the business more time to focus on its core activities.

These advantages are especially important for small and medium-sized businesses. This flexible method of managing trade debts enables them to obtain cash for their domestic and international accounts receivables by selling them to a ‘factor’. The receivables, normally owed on short and open terms, can be sold on either a recourse or non-recourse basis.

At IFSB, we provide professional assistance with regards to credit control, collection and sales accounting. We are able to match your requirements with our solutions, and work closely with you to meet specific financial goals or needs for your business.

Our competitive services include:

  • Financing of up to 90% from invoice amount or contract
  • Acceptance of invoice or contract amount from as low as RM 2,000
  • Providing immediate funds and helping to improve cash flow
  • Factoring fee from as low as 1% flat on invoice amount, and Initial Payment Charge from as low as 9% per annum

With decades of experience serving companies in a range of industries and solutions, we have the know-how to be the right choice for factoring. We offer creative factoring solutions tailored to meet your specific needs.

Our rates are competitive with flexible terms, and initial approval process is fast.

Our team of experienced and dedicated finance specialists can advise and provide you with access to the best funding solutions for your business.

"Duit Tak Putus"

Duit Tak Putus is IFSB’s unique payment scheme that has been customised to be Syariah-compliant.

This exclusive program offers up to three payments a month to approved companies with service contracts in the security, sanitation, food and beverage supply and preparation industries. payment by end of the day

Application Process


Connect With Us

Receive written confirmation (Letter of Offer, Letter of Award, signed contract) from the government on award of project.



Upon completion of project, prepare the following documents.


Submit to Government

Compile and submit the following documents to the government, and request for acknowledgement of receipt.


Submit to IFSB

Compile and submit the following documents to IFSB.


Received Payment

IFSB will process the documents and payment on the same day*.

*Subject to completion of all documents submitted. Terms and conditions apply.

Registration Form

We offer competitive rates and a quick approval process. Fill out the form below and let us help you get the right funding to support your business needs.

Letter of Credit-i

Being a trading company or manufacturing outfit, purchases are normally on cash basis or with a limited credit line and period granted by the suppliers. A Letter of Credit would always be used as a payment term for overseas and local purchase.

Bank Guarantee-i

Government procurement contracts would also require the submission of Bank Guarantee which amounts to 5% of the contract value. Without any existing banking facility, the standard requirement is 1:1 FDs for any issuance of the required Bank Guarantee.