I got an offer from Shopify, just under the Finance section for Shopify Capital. It says they are going to offer me the amount of the loan as our monthly sales, for example, my monthly sales are 10K, they will give us the 10k loan with 17% interest. The payment terms are to pay from your sales and pay them 17%. Have any nobody taken it before, and if someone is Muslim, how will it work for him?
Hello @Arbazkakkar2
Shopify Capital is nice because the repayments flex with sales, but the total cost may be more than expected in a good month. Review effective repayment amount and cash flow first For Muslim owners consult a qualified scholar on riba compliance Alternatives include supplier terms or revenue sharing financing options prior to making a decision