المستخلص: |
This study investigates the feasibility and viability of integrating invoice factoring into Islamic finance frameworks. With Islamic finance principles emphasizing ethical and Sharia-compliant practices, the study aims to assess whether invoice factoring, a widely utilized financial tool in conventional finance can be adapted to align with Islamic financial principles This process provides the business with immediate cash flow instead of waiting for customers to pay their invoices with the intermediation of the factor. Through the study, we found that there is a Disagreement between Islamic Sharia scholars regarding the use of invoice financing, and this is what made a group of countries refrain from dealing with it, and another group has adapted it according to Sharia law to benefit from the advantages of this financial technique.
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