Factoring is a receivables financing facility designed for the SMI’s and unlike what is commonly believed by those who are unfamiliar with the concept of factoring, a factoring facility is not a loan facility nor is a factoring company a debt collection agency.
Factoring is simply a sales and purchases transaction between a factor (IFSB) and its client, whereby the factor would not only purchase its client’s trade receivable but gain ownership of the debt as well, thus allowing the factor to collect payments from the client’s customers.
The factor gains ownership of its client’s trade debts and thus becomes the new owner of the said debts. The client’s customers would then become the debtors of the factor and these debtors would be required to pay the factor directly to discharge their debts.
IFSB methodology on the Factoring Finance is sales and purchase concepts based on syariah compliance Islamic factoring products.
Ikhtiar Factoring has been Malaysia’s premier factoring business partner to many SME’s and it keeps its alliances growing to make your business dreams come true.
A good financial plan is a road map that shows us exactly how the choices we make today will affect our future.
Alexa Von Tobel
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Ikhtiar Factoring Sdn Bhd (HQ)
No. 11, Pekeliling Business Centre,
Jalan 5/65C, Off Jalan Pahang Barat,
53000 Kuala Lumpur,