Amana Investments

Musawamma is a simple sale transaction where the seller sells his commodity without disclosing his costs.

Musawamma as a mode of financing

Musawamma, as a mode of financing is almost identical to Murabaha financing.

Amãna offers this product in situations where the shipment has arrived before the receipt of the shipping documents and a shipping guarantee has to be issued to clear the goods from the port. It is difficult to compute the exact cost of the goods at that stage. Hence Murabaha cannot be done. The Musawamma is a financing technique which allows for selling of the goods at a lump-sum price, facilitating the clearance of the goods from the port to the
customers warehouse.

Security / Collateral
Normally, the customer is required to provide adequate security / collateral to cover Amãna's exposure on the customer.

Salient Features
	Asset based financing
	fixed pricing
	Amãna takes full ownership risk between buying & selling goods
	No hidden costs
	Sharia - compliant
	No interest rate fluctuation risk
	No processing fees