Accommodating a growing appetite for Shariah compliant digital financial services, SeaMoney announces the launch of SFinancing-i, its Shariah compliant financing service in partnership with industry leaders, Sedania As Salam Capital and Masyref Advisory.
Launching on the Shopee app, SFinancing-i allows users the opportunity to access Shariah compliant financing within 24 hours of successful activation. Currently, the service allows for fund disbursements of up to RM20,000 and tenures ranging from 3 up to 24 month payment periods.*
SFinancing-i is currently open to selected whitelisted users only and will be made to include more users in future. To learn more about the application process and fee structure for SFinancing-i visit HERE.
As part of its efforts to provide financial services that meet the diverse needs of Malaysians, SeaMoney engaged the expertise of Sedania As Salam Capital, as its digital commodity platform provider, and Masyref Advisory, as its Shariah advisor in developing SFinancing-i.
Khairul Nisa Ismail, CEO of SEDANIA As Salam Capital said, “At SEDANIA As Salam Capital, we remain unwavering in our commitment to delivering a truly halal financial services platform that exemplifies the highest standards of Shariah compliance, creating a seamless and transformative digital Customer Experience. As the demand for ethical, Shariah-compliant solutions continues to grow, our 16 years of industry expertise position us as a trusted partner to FSIs and collaborators, enabling them to deliver tailored, ethical and impactful solutions.
We are proud to support SFinancing-i, which provides a strong alternative financing option within its ecosystem. Through our partnership with SeaMoney, Shopee users can transact with confidence, knowing their financing is supported by a fully digital commodity platform adhering to Shariah principles via a commodity murabaha arrangement. This collaboration not only strengthens Shariah compliant financial services available on Shopee, but also highlights our dedication to empowering FSIs with innovative, compliant offerings that serve the community effectively.
At SEDANIA, sustainability is central to our Mission of Improving Lives Sustainably. From utilising airtime as a viable digital commodity (a sustainable resource advancing the ESG agenda) to adopting fully paperless agreements, we continue to advance financial inclusion while championing environmental stewardship.”
Khairil Anuar, Principal of Masyref Advisory, added, “Masyref Advisory is honored to collaborate with SeaMoney and Sedania As Salam Capital in launching SFinancing-i. Our role as the Shariah advisor ensures that the financing solutions provided are not only compliant with Islamic principles but also tailored to meet the unique needs of the market. With our extensive experience in Shariah advisory and Islamic product development, we are committed to supporting innovative financial solutions that uphold the high standards of Shariah compliance. We look forward to continuing our work with SeaMoney and Sedania As Salam Capital to bring more Shariah-compliant financial products to the market.”