Reference no: EM132946794

Aligs (Pvt.) Ltd., a company of the famous SANAULLA Group, was established in October 1971 as a private limited concern. Over the period they have developed good expertise in fancy yarn spinning and are considered among the few giants in this category. The firm purchases raw material like polyester fiber, acrylic, viscose, synthetic fibre and other man made & natural fibers used in the manufacturing of fancy yarn from local market Aligs (Pvt) Ltd. purchases goods on advance basis from the supplier and the goods are delivered at the warehouse of the customer for further usage. The goods are normally delivered within 01-08 days after making payment with the supplier and minimum inventory holding period of the client is 05 days. The customer has a requirement to purchase the manufacturing material through a bank arrangement and has approached Meezan Bank for financial support. Islamic financial mindset has urged him to approach Islamic Bank and a need to fulfill without disturbing the usual business procedures of the client. Required: Suggest a solution for the above mentioned situation and lay down the structure for the proposed solution.