HAZANA
Hazana offers Shariah-compliant financing solutions for small and medium enterprises, enabling them to access capital through invoice, purchase order, and inventory financing without requiring asset collateral. By streamlining the application process and providing fast approvals, Hazana addresses the challenge of limited funding options for businesses seeking ethical financial support.
- Enterprise Software
- Financial Technology
Funding
Funding not disclosed
Founders
Product
Problem
Small and medium-sized enterprises (SMEs) often face challenges in accessing capital due to limited funding options and collateral requirements. Traditional financing methods can be slow, cumbersome, and may not align with ethical or Shariah-compliant principles. This restricts SMEs from securing the necessary funds for growth, fulfilling large orders, and managing their working capital effectively.
Solution
Hazana provides Shariah-compliant financing solutions designed to empower SMEs by offering accessible and ethical capital. Through invoice financing, purchase order (PO) financing, and inventory financing, Hazana enables businesses to leverage their assets without requiring traditional collateral. The platform streamlines the application process, providing fast approvals and efficient disbursement of funds, ensuring businesses can quickly access the capital they need to manage cash flow, fulfill orders, and grow their operations in accordance with Islamic finance principles. Hazana's commitment to ethical business practices and Shariah compliance ensures that SMEs can secure funding in a responsible and sustainable manner.
Target Audience
Hazana primarily serves small and medium-sized enterprises (SMEs) seeking Shariah-compliant financing solutions to support their working capital needs, fulfill purchase orders, and manage inventory.
Features
- Shariah-compliant financing solutions adhering to Islamic finance principles
- Invoice financing to unlock capital tied up in outstanding invoices
- Purchase order (PO) financing to enable businesses to fulfill large orders and contracts
- Inventory financing to secure capital using existing inventory as collateral
- Streamlined online application process for fast and easy access to financing
- Financing options up to $500,000
- No asset security required for certain financing options
- Dedicated support team to assist with the application and financing process