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Yes. It depends on the nature of working capital requirement and could be in many forms or techniques used in Islamic finance such as,
Murabaha – If the business is in need of inventory, IF institute could use this Murabaha method to purchase inventory and sell it to the business on the installment/deferred payment basis where business could pay little by little after selling the items.
Mudharaba or Musharaka – If the company needs to expand its operations the IF could become a partner in the business in return for agreed profit ratio and based on contract and understanding between both parties, the IF institute could pull back the investment after the capital requirement has fulfilled.
Overdraft facility – Typically IF institute does not include any kind of OD facility. However if the business needs it, it will be limited to admin and cost of collection and there will be no interest.
Ijara – If the company needs a machine/plant, the IF could arrange an Ijara facility where the business could pay a lease rental and use the asset.
Commodity Murabaha – This is a basic form of Murabaha which could be used for liquidity purposes. The IF will help the business to buy inventory which are commonly available in the market and easy to sell, thus the business is able to make some quick money and use it for working capital requirement and pay later to the IF institute.
Thawarruq - This is also same like commodity Murabaha transactions which are used for liquidity purposes. However this method is subject to difference of opinion among scholars since the intention behind the type of contract is not using and the business cannot take the physical possession of the goods.
