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Where can I find islamic products to promote?
especially Islamic finance like loans
ahmeds14




msg:3421768
 1:39 pm on Aug 14, 2007 (gmt 0)

Hi all,
i want to know where can i find an affiliate programm for islmaic products like islamic loans, islamic car loans, housing, ..etc
for examble HSBC Bank has its islamic branches called HSBC amanh and it offered islamic financial products but no affilaite programm avalible yet.
so how know where i can find banks which offer an affiliate programm for its islamic product

 

vincevincevince




msg:3421796
 2:04 pm on Aug 14, 2007 (gmt 0)

Just a suggestion here - try to find banks which offer commissions in general - and then see if they apply to the islamic products as well.

ahmeds14




msg:3422480
 6:35 am on Aug 15, 2007 (gmt 0)

actully i did search for many of them but no affiliate program for islamic finance

HSBC is the bigest on the world in islamic finance and they have affilite programm for unislamic product in CJ
but nothing for islamic product
it is a very fast growing industry in the world and ther is a high demand for it in Europ and USA as well as islamic countries

ronin




msg:3422699
 12:39 pm on Aug 15, 2007 (gmt 0)

ahmeds14, you need to do outreach.

Don't wait for some suit to think up Islamic Banking AM... get on the phone, talk to someone, arrange a meeting, make a proposal, offer to introduce them to someone you are in contact with at an AM network.

At the same time, write emails to your contacts at AM networks, (if you don't have any, make some!) push the idea of having that merchant on board as a client.

The AM networks like to position themselves as "middlemen" because they link up merchants and publishers. But it is Affiliate Marketeers who are more accurately described as "middlemen" because we are familiar with both the industries we write about and with the Affiliate Marketing sector.

So be the fixer.

martinibuster




msg:3422762
 1:45 pm on Aug 15, 2007 (gmt 0)

Doesn't Islam prohibit charging interest on loans? Don't Islamic banks operate in significantly different ways than most banks?

ahmeds14




msg:3422808
 2:22 pm on Aug 15, 2007 (gmt 0)

Yes Islam prohibit charging interest on loans, but islamic finance found many other ways to finance people without involving interest

any way i will try ur advice ronin, but i thought u might know banks that already offer affilite program for its islamic product

ronin




msg:3423652
 12:05 pm on Aug 16, 2007 (gmt 0)

Doesn't Islam prohibit charging interest on loans? Don't Islamic banks operate in significantly different ways than most banks?

Not significantly different, but different nonetheless.

A European bank (say) would lend you EUR 5000 to buy a car and you would then pay that EUR 5000 back with the interest accruing all the time on the unpaid balance.

An Islamic bank, by contrast, would buy the car.

Then it would resell the car to you at a new price, say EUR 6000, and you would agree to pay EUR 300 to the bank every month until the sum was paid.

Hey presto, no money-lending involved. (Cough.)

any way i will try ur advice ronin, but i thought u might know banks that already offer affilite program for its islamic product

I don't think there are any AM programmes for this kind of thing yet, unfortunately. I wish the best of luck in bringing the right people together and getting one started.

Habtom




msg:3423655
 12:22 pm on Aug 16, 2007 (gmt 0)

Correct me if I am wrong but the highest percentage of "Islamic Products" are provided by banks in the Middle East. They provide all kinds of Islamic Bank Services including car loans, personal loans, credit cards, except the charge is a bit different.

But to be honest with you, I don't believe they have ever thought of having affilates (that too online). The last time I called quite a few banks in Dubai, UAE looking for a MOTO merchant account, I found myself explaining what it is (losing hope inside, and thinking what a waste of time), and all they had to do was transfer me from one department to the other to finally end up being disappointed.

I don't want to discourage you, but just to remind you that you will need a little extra effort and a bit of a capital to deal with those people.

Habtom

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