Frequently Asked Questions

1. What is Sharia-compliant receivables or invoice financing?

Sharia-compliant receivables or invoice financing is a service which entails funding secured against receivables or invoices, designed in accordance with Sharia using Aqad al Qardh for the channeling of bridging funds and Aqad Wakalah bil Ujrah for the allocation of profits or ijarah.
Invoice financing works by pledging invoices as collateral: a bill for goods or services supplied to the Payor is thus used to obtain financing from the Lender. At the end of the loan period, the Payor settles the invoice and the Lender then gets returns in the form of the principal plus the wakalah for invoice handling services.

2. Is there a fatwa reference for sharia invoice financing?

Yes there is, in the form of Fatwa No. 67/DSN-MUI/III/2008 issued by National Sharia Council of the Indonesian Council of Ulema (MUI) regarding "Sharia Factoring of Receivables" dated 6th March 2008.

3. What is Aqad al Qardh?

Aqad al Qardh is a covenant for extending a loan or the channeling of funds to a Borrower pursuant to the following condition: the Borrower is required to return the funds received to the Sharia-compliant Financial Institution (LKS) or the Lender within a timeframe agreed upon by both the Borrower and the LKS or Lender.

4. What is Aqad Wakalah Bil Ujrah?

Wakalah Bil Ujrah is a type of covenant where one of the contracting parties (grantor) authorizes the other party (agent) by power of attorney to take required action on behalf of the party giving the wakalah or power of attorney. Based on the given wakalah, the agent will receive ijarah or compensation.

5. Can all types of business apply for financing through Investree Syariah?

In order to remain true to Sharia-compliant Financing principles, not all invoices can be accepted at Investree Syariah. Invoices originating from industries such as tobacco, alcohol, prohibited substances, pork production, gambling, prostitution and non-Sharia hotels, as well as invoices from activities involving financial speculation,  do not form part of the target market for Investree Syariah.


The types of invoice we prioritize are those addressed to Payors who are large companies, for example multinational firms, institutions listed on the stock exchange, or government agencies. At a later stage, each invoice pledged will be assessed, selected, and approved according to our cutting-edge credit-scoring system.

6. Can non-muslims become Borrowers and Lenders with Investree Syariah services?

Investree Syariah services can be accessed by any person who fulfils the terms and conditions for becoming either a Borrower or a Lender through Investree, both muslims and non-muslims.

7. Are penalties applied upon late repayment?

All late repayments are categorically subject to penalties. The policy on penalties is based on Fatwa No. 17/DSN-MUI/IX/2000 issued by National Sharia Council of the MUI regarding "Penalties for Affluent Customers Who Intentionally Delay Repayment" dated 16th September 2000.

8. How is cash management addressed for Sharia-compliant Financing at Investree?

All financial transactions are conducted through banking mechanisms. In order to fully honor Sharia Monetary and Financing Principles, we are working in conjunction with CIMB Niaga Syariah with regard to use of their cash management service and virtual account (VA) facilities, which hereby enable the processes of transaction, reconciliation and financial reporting. 

9. Is Investree a bank or another similar type of financial institution?

No, Investree is by no means a bank or other type of financial institution. We are different in many aspects. Investree is a financial marketplace, offering intermediary services within the peer-to-peer lending process. Unlike conventional intermediary services, Investree does not participate in actual lending and borrowing activity. We merely provide the platform to facilitate the process, administering Borrower and Lender accounts.


In addition, since the 31st May 2017, Investree has been registered with and monitored by the Indonesian Financial Services Authority (OJK). With particular regard to Investree Syariah services, on 23rd August 2017, Investree was given a letter of recommendation and appointment by the Sharia advisory team from the National Sharia Council of the Indonesian Council of Ulema (DSN-MUI) through Certificate No. U-492/DSN-MUI/VIII/2017.

10. How do I know that my personal information is safe with Investree?

We will securely store your personal information, using protection enabled by the best available online security features in line with our Privacy Policy  (hyperlink ke laman Privacy Policy Investree) . Investree has a whole host of robust physical, electronic, and managerial protection systems designed to prevent unauthorized access or inappropriate use of customer data. Investree will under no circumstances provide customer information to third parties without prior permission, and will not contact you to ask for your personal information except for the purposes of verification.

11. How is your email address verified?

You will receive an email from us containing a link to verify your email address. If you have not received the email, please check your Spam folder. You can request another verification email through your Account Settings.

12. How do I change my password?

You can change your password by selecting your Investree account and dashboard, where you click Edit Profile. In the User Account section, change your password as desired.

13. How do I change my contact details?

You can change your contact details using your Investree account and dashboard, where you click Edit Profile. Under the Contact Details section, change your contact details as desired.

 

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