Deals and the payment schedule
An instalment deal is made in a minute: the term, the down payment and the markup turn into a schedule the whole deal then lives by.
A deal in Qadam is a client, goods, terms and a schedule. The terms can come from a template (“12 months, 30 %”) or be worked out with the calculator right in the form: it shows the monthly payment and the overpayment before you save anything.
The schedule builds itself and balances to the last coin: the payments add up to the price less the down payment, and whatever rounding leaves over goes into the last payment. There are five shapes — equal, decreasing, increasing, a large last payment and skipped months; any line can be edited by hand, and the system recalculates the rest.
The deal type is chosen when the deal is made: murabaha for goods, ijara for a service, murabaha auto for a car held as collateral, and musawama when the purchase price is not disclosed to the buyer. The type decides the contract — each has its own paper.
What exactly it does
- Four deal types, each with its own contract
- Five schedule shapes and an editor for any line
- Terms templates: term, markup, down payment — in one click
- Up to five guarantors with passport details
- Change the payment day and shift the future payments
- Schedule change log: who edited it and when
Related features
14 days of full access. No card needed.
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