A credit policy has a substantial impact on various aspects of a business: Cash Flow: A credit policy influences the cash flow of a company. Tighter credit policies (stricter terms for extending credit) can improve cash flow as they bring in payments faster, reducing the risk of bad debts. However, it might limit sales in… Continue reading Credit Policy
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Credit Policy
A credit policy has a substantial impact on various aspects of a business: Cash Flow: A credit policy influences the cash flow of a company. Tighter credit policies (stricter terms for extending credit) can improve cash flow as they bring in payments faster, reducing the risk of bad debts. However, it might limit sales in… Continue reading Credit Policy
Islamic Finance
Islamic finance is a type of financing activity that must comply with Sharia. The common practices of Islamic finance and banking came into existence along with the foundation of Islam. Nowadays, the Islamic finance sector grows at 15%-25% per year, while Islamic financial institutions oversee over $2 trillion. Though only a blooming industry by market terms, representing a 1.5% of the… Continue reading Islamic Finance