Registration in the mobile application
The investment process itself: from user verification and registration as an investor in government agencies to investing and withdrawing profits, is carried out in the IMAN Invest mobile application, available in all application stores.
Registration in the mobile application
The investment process itself: from user verification and registration as an investor in government agencies to investing and withdrawing profits, is carried out in the IMAN Invest mobile application, available in all application stores.
The purpose of saving
After downloading, you will be prompted to register by phone number and set the The purpose of saving* for ease of use.
*The "The purpose of saving" function is optional and serves solely to make recommendations for achieving the goal. In the future, the application will help you draw up and maintain a financial plan, taking into account all re-investments, profits received from IMAN and its reinvestment
The purpose of saving
After downloading, you will be prompted to register by phone number and set the The purpose of saving* for ease of use.
*The "The purpose of saving" function is optional and serves solely to make recommendations for achieving the goal. In the future, the application will help you draw up and maintain a financial plan, taking into account all re-investments, profits received from IMAN and its reinvestment
Investor verification
IMAN registers all its investors with an agency under the Ministry of Justice as members of a limited partnership. All investors fill in their personal data in the application.
To do this, you will be asked to take photos of your passport (or ID card), as well as a selfie along with the document
Verification will take a few minutes, after which you will receive a notification about the verification status
In case of errors in filling out the questionnaire, you will receive the status "cancelled", after which re-filling will become available
You can also always contact the call center, where you will be transferred to the appropriate specialists
Investment process
You can replenish your balance in the "Investments" tab, or directly from the "my goal" card.
*At the moment, only one investment strategy is active - "Mudaraba - Installments" with an expected profit of 27-31% per annum. To replenish the balance, you only need to select the currency and amount of replenishment. *Currency selection is carried out to offer methods of replenishment. After the transaction, your investment is transferred to the Uzbek sum
Sales partners
From the moment the investment is accepted, the funds are directed to finance trade transactions throughout Uzbekistan. The investor's profit begins to accrue from the beginning of the next month after the investment.
300 sales partners
All over Uzbekistan
Sales partners
From the moment the investment is accepted, the funds are directed to finance trade transactions throughout Uzbekistan. The investor's profit begins to accrue from the beginning of the next month after the investment.
Sale of goods
According to the principles of Islamic finance and economic benefit, the transaction is carried out as follows:
A customer making a purchase in installments undergoes a scoring procedure.
After providing the necessary documents, the system receives data on credit history, income and many more
If approved, a contract is concluded with the client. Thus, IMAN buys the product from the partner and resells it to the client
Markups
The dynamic markup system is based on several parameters:
The risk group to which the client belongs as a result of scoring
The amount received from sales partners from each sale
Portfolio status: number of overdue contracts
The markup system is regularly reviewed and updated by the company's financial team. Thus, at levels of high inflation and high funding rates, markups also increase, which contributes to a corresponding increase in profits.
Payout procedure
The terms of payments are fixed by the contract and include: payment schedule and the amount of each payment. In cases of "non-payment" in the early stages, a deferment is granted, and no penalty is charged for late payment days (according to the principles of Islamic finance). If the client deliberately does not pay under the contract and refuses to get in touch with the specialists of the department, the case is transferred to the relevant authorities that take measures to eliminate debts.
Working on risks
Above, we got acquainted with what risks the investment strategy "Mudaraba - Installment" can carry (inflation, non-payment).
Every investor bears the same risks.
What work is being done to eliminate them?
Inflation
Recalculation of margins by financial analysts and finding ways to optimize costs;
Non-payment
Preliminary scoring of the client according to his credit history and many other sources (confidential);
Maximum diversification - investing hundreds of trades daily in order to minimize the risk of non-payment;
A set of measures to work with problematic clients.
Profit distribution
So, receiving daily payments from thousands of trade transactions, IMAN evenly distributes profits among investors.
Once a month, the company's financiers carry out a closing operation and accrue profits to investors' accounts.
Profit withdrawal
After the profit is credited to the investor's account, the "Withdrawal of profit" function becomes available in the application. Here the investor chooses what % of the profit he wants to withdraw, after which he fills out an application for confirmation and receives profit on his bank card.
*filling out an application for the withdrawal of profit is available only during February, May, August and November.
Profit reinvestment
If the profit was not withdrawn from the account, then in addition to the investment, it also enters into circulation and in the following months the investor receives profit from the total amount
