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Moria

Commodity Financing

What it is

Section titled “What it is”

Commodity financing lets a member acquire an asset they cannot pay for outright. Instead of a loan with interest, the organization buys the asset and sells it to the member at cost plus a disclosed margin, repaid in fixed installments. The member owns the asset; the margin is agreed up front and never changes.

Shariah basis

Section titled “Shariah basis”

Murabaha — a cost-plus sale. The price and margin are transparent and fixed at the start, so there is no riba: the member pays for a good at an agreed price, not interest on borrowed money.

Who it is for

Section titled “Who it is for”
  • Members financing a purchase — equipment, vehicles, goods — the halal way.
  • Cooperatives offering asset financing to their members.

Key capabilities

Section titled “Key capabilities”
  • Apply — the member requests financing for an asset, with the price and a repayment tenor.
  • Review & approve — an org admin reviews and approves or rejects the application.
  • Disclosed margin — cost plus margin is shown before agreement; the total is fixed.
  • Installment schedule — repayments are auto-debited from the main balance each period.
  • Track outstanding — the member sees paid and remaining installments at any time.
  • Edit before approval — the applicant can adjust request details while it is still pending.

Lifecycle

Section titled “Lifecycle”
stateDiagram-v2
    direction LR
    [*] --> Applied: member submits request
    Applied --> UnderReview: org admin reviews
    UnderReview --> Approved: terms agreed
    UnderReview --> Rejected
    Approved --> Active: schedule starts
    Active --> Completed: final installment paid
    Applied --> Cancelled
    Rejected --> [*]
    Completed --> [*]
    Cancelled --> [*]

How the money moves

Section titled “How the money moves”

The organization provides the asset; the member repays over time from their main balance.

flowchart LR
    MEMBER([Member])
    ADMIN([Org admin])
    ASSET[/"Asset<br/>delivered to member"/]
    MAIN[("Main balance")]
    ORG[("Organization")]

    MEMBER -->|1 apply| ADMIN
    ADMIN -->|2 approve at cost + margin| ASSET
    ASSET -.->|owned by| MEMBER
    MAIN -->|"3 installment each period"| ORG

    classDef money fill:#FDF8E8,stroke:#3C2C96,stroke-width:2px,color:#1E1B4B;
    classDef edge fill:#FFF3D0,stroke:#F4BE27,stroke-width:1.5px,color:#8B5A00;
    classDef actor fill:#FFFFFF,stroke:#3C2C96,stroke-width:1.5px,color:#1E1B4B;
    class MAIN,ORG money;
    class ASSET edge;
    class MEMBER,ADMIN actor;

What you can configure

Section titled “What you can configure”
  • Margin & tenor rules — the markup and allowed repayment periods.
  • Approval workflow — who reviews and approves applications.
  • Eligible assets — the categories of goods you finance.
  • Branding & language — under your brand, in ID / EN / AR.

Limits

Section titled “Limits”
  • Installments draw from the main balance; a member keeps it funded to stay current.
  • The margin is fixed — it cannot increase, and there is no interest on late balances by design.
  • Approval is required before any financing becomes active.
Section titled “Related”