Based on checking the website, Getmymuse.com appears to be a financial services provider that focuses on empowering businesses with various credit and cash flow management solutions.

While their offerings seem designed to help businesses thrive by improving cash flow and providing access to working capital, it’s crucial for any Muslim entrepreneur to approach such financial services with caution.

Many conventional financing models involve interest riba, which is strictly prohibited in Islam.

Therefore, a into the specifics of their services is necessary to determine if they align with Sharia principles.

The platform positions itself as a partner for businesses looking to manage cash flow, offering services like invoice finance, supply finance, and a “Buy Now, Pay Later” BNPL option for B2B transactions.

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They also highlight add-on benefits such as credit control services.

On the surface, these services address common business challenges like late payments and the need for upfront capital for overseas suppliers.

However, the presence of terms like “Monthly Rate above SONIA” immediately raises a red flag regarding interest-based transactions, which Muslims are advised to avoid.

It’s always paramount to seek out ethical, Sharia-compliant alternatives that promote economic growth without compromising religious principles.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Table of Contents

Getmymuse.com Review & First Look

Upon an initial review, Getmymuse.com presents itself as a modern financial solution for businesses, aiming to alleviate cash flow strains.

The website’s design is clean and professional, focusing on clarity regarding the services offered: invoice finance, supply finance, and B2B Buy Now, Pay Later.

These are presented as tools to “unlock cash today” and “complete orders,” which are indeed critical for business operations.

Understanding Their Core Offerings

The core of Getmymuse.com’s services revolves around providing liquidity to businesses.

Invoice Finance: This allows businesses to get immediate cash by selling their outstanding invoices to Muse. Essentially, it’s a way to get paid for future receivables now, minus a fee.
Supply Finance: This service is tailored for businesses dealing with overseas suppliers, where Muse pays the supplier directly, enabling the business to fulfill orders without upfront capital strain.
Buy Now, Pay Later for Business: This feature enables businesses to offer their clients credit terms 30, 60, or 90 days, potentially increasing sales by making purchases more accessible for buyers.

The “Monthly Rate above SONIA” Factor

A significant point of concern from an Islamic finance perspective is the explicit mention of “Monthly Rate above SONIA” in their finance calculator. SONIA Sterling Overnight Index Average is a benchmark interest rate. Any rate “above SONIA” unequivocally indicates an interest-based charge, which falls under the category of riba interest in Islam. This makes the vast majority, if not all, of their offerings problematic for Muslim businesses seeking Sharia-compliant solutions. Perfectglasses.sg Reviews

Getmymuse.com Cons

Given the nature of the services, particularly the explicit mention of interest, Getmymuse.com presents several significant drawbacks for businesses committed to Islamic financial principles.

Incompatibility with Islamic Finance Principles

The primary and most significant con is the inherent conflict with Islamic finance.

Riba Interest: The “Monthly Rate above SONIA” clearly indicates an interest-based model. Islamic finance strictly prohibits both paying and receiving interest. This makes all financial products offered by Getmymuse.com, if structured on interest, impermissible for Muslim individuals and businesses.
Uncertainty Gharar and Gambling Maysir: While not explicitly stated, conventional financing often carries elements of excessive uncertainty or speculation, particularly in complex derivative products. Even in simpler forms like factoring, the structure might involve buying debt at a discount which can be debated by scholars regarding its permissibility.

Potential for Debt Accumulation

While presented as cash flow solutions, these services are forms of debt.

Increased Liabilities: Utilizing invoice finance or supply finance means taking on new liabilities, which, if not managed carefully, can lead to increased debt burdens.
Dependency on External Finance: Relying heavily on such facilities can foster a dependency on external financing rather than encouraging robust internal cash flow management and prudent savings.

Transparency of Fees Beyond Interest

While the “Monthly Rate” is mentioned, the full spectrum of fees and charges might require deeper investigation.

Hidden Costs: Some factoring or supply chain finance models can involve various administrative fees, late payment penalties, or other charges that may not be immediately obvious. It’s crucial for businesses to understand the total cost of financing beyond the advertised interest rate.
Impact on Profitability: The cumulative cost of these services, even if they provide immediate cash, can eat into profit margins, especially for businesses operating with tight margins.

Getmymuse.com Alternatives

For Muslim businesses seeking to manage cash flow and access working capital without resorting to interest-based financing, several Sharia-compliant alternatives exist. Cyberoverload.me Reviews

These alternatives focus on equitable partnerships, asset-backed transactions, and risk-sharing, aligning with Islamic economic principles.

Murabaha Cost-Plus Financing

Murabaha is a widely used Islamic financing method for purchasing goods or assets.

How it works: Instead of a loan, the financier e.g., an Islamic bank or institution purchases the required asset or goods on behalf of the client and then sells them to the client at a predetermined, agreed-upon profit margin. The client pays back the total amount in installments.
Application: This can be a direct alternative to supply finance, where an Islamic institution buys goods from an overseas supplier and sells them to the business.
Key Benefit: It’s a sale contract, not a loan, and the profit margin is fixed and known upfront, eliminating interest.

Mudarabah Profit-Sharing Partnership

Mudarabah is a partnership where one party provides the capital Rabb-ul-Mal and the other provides the expertise and management Mudarib.

How it works: The profits are shared according to a pre-agreed ratio, but losses are borne by the capital provider, except in cases of Mudarib’s negligence or misconduct.
Application: While not a direct cash flow solution like factoring, it can be a model for long-term project financing or business expansion where an investor provides capital in exchange for a share of future profits.
Key Benefit: Encourages genuine partnership and risk-sharing, fundamental to Islamic finance.

Musharakah Joint Venture Partnership

Musharakah is a partnership where all parties contribute capital and expertise, and share profits and losses proportionally.

How it works: All partners contribute capital, and profits are distributed according to a pre-agreed ratio. Losses are shared strictly in proportion to capital contribution.
Application: Suitable for joint ventures, project financing, or business expansion where multiple parties want to co-invest and share risks and rewards.
Key Benefit: Represents a true partnership, fostering collaboration and shared responsibility, and avoiding interest.

Ijarah Leasing

Ijarah is an Islamic leasing contract. Design-flower.dk Reviews

How it works: An asset is leased by the financier to the client for a specified period for a fixed rental payment. The ownership of the asset remains with the financier.
Application: Useful for businesses that need equipment or machinery but do not want to purchase it outright. It can be an alternative to asset-backed conventional loans.
Key Benefit: Rental payments are permissible, and it avoids the acquisition of debt with interest.

Qard Hasan Benevolent Loan

Qard Hasan is a benevolent loan, where the lender does not charge any interest or additional fees.

How it works: It’s a loan given purely out of goodwill, to be repaid in full without any increase.
Application: Often used in informal settings, community lending, or by Islamic microfinance institutions. While not a typical commercial finance solution for large businesses, it exemplifies the spirit of Islamic finance in providing support without exploitation.
Key Benefit: Purely interest-free, driven by charity and mutual support.

Takaful Islamic Insurance

While not a direct financing alternative, Takaful is a Sharia-compliant alternative to conventional insurance.

How it works: Participants contribute to a common fund for mutual assistance. In case of a loss, a portion is paid out from the fund. It operates on principles of cooperation and shared responsibility, avoiding elements of interest, gambling, and excessive uncertainty.
Application: Ensures business assets and operations are protected in a Sharia-compliant manner, providing peace of mind without violating Islamic principles.
Key Benefit: Provides risk management and protection ethically and permissibly.

For any business, especially those adhering to Islamic principles, the focus should always be on sustainable, ethical growth that avoids interest-based transactions.

Investigating local Islamic banks and financial institutions is the best first step to explore these Sharia-compliant alternatives.

How to Cancel Getmymuse.com Subscription / Free Trial

While the Getmymuse.com website doesn’t explicitly detail a “subscription” or “free trial” in the traditional sense, their services invoice finance, supply finance, BNPL are typically structured as agreements for specific transactions or ongoing facilities rather than a recurring subscription model. Animalife.co.uk Reviews

However, for any financial agreement, understanding the cancellation or termination process is crucial.

Reviewing Your Agreement/Contract

The most direct way to understand how to cancel or terminate any service with Getmymuse.com is to carefully review the terms and conditions of the specific agreement or contract you entered into. Financial agreements, unlike simple subscriptions, have legally binding clauses regarding termination, repayment schedules, and any associated fees.

Look for clauses on termination: Search for sections titled “Termination,” “Cancellation,” “Early Repayment,” or “Default.”
Identify notice periods: Many financial agreements require a notice period e.g., 30 or 60 days before termination can take effect.
Understand early repayment penalties: If you’re terminating a financing facility early, there might be penalties or additional charges outlined in the contract.
Verify repayment obligations: Ensure you understand your full repayment obligations upon termination.

Contacting Getmymuse.com Directly

The most effective approach for any cancellation or termination of a financial facility is to contact Getmymuse.com’s client support or your assigned account manager directly.

Phone: Look for a dedicated client support number on their website.
Email: Use the official email address for client inquiries.
Client Log In: If you have a client portal, there might be options or contact information available within your account dashboard.
Prepare your account details: Have your business name, account number, and details of the specific service you wish to terminate ready.

Steps to Consider Before Termination

Before initiating any termination, it’s wise to take a few preparatory steps:

Assess your financial position: Ensure you have the funds or an alternative plan to cover any outstanding obligations or early repayment penalties.
Clarify all outstanding balances: Request a clear statement of your current balance, including any accrued fees or interest, to avoid surprises.
Document all communication: Keep records of all emails, call logs, and correspondence related to your termination request. This includes dates, times, names of representatives, and summaries of discussions.

Important Note: As a Muslim, the primary concern is to avoid interest riba from the outset. If you have inadvertently entered into such an agreement, the priority is to seek a permissible way out by repaying the principal without engaging further in interest-based transactions, and to seek Allah’s forgiveness. Consult with a knowledgeable Islamic scholar for guidance on how to rectify past impermissible financial dealings. Coreautopart.com Reviews

Getmymuse.com Pricing

Based on the information available on Getmymuse.com’s homepage, their pricing structure is not explicitly laid out in a fixed, transparent manner as you might find with a typical SaaS subscription.

Instead, it appears to be transaction-specific, with a key indicator being the “Monthly Rate above SONIA.” This suggests that their costs are directly tied to the amount of finance advanced and the duration of the repayment terms.

Key Pricing Indicator: “Monthly Rate above SONIA”

The most prominent pricing detail on their website is within the “Muse Supply Finance Calculator”:

Advance Amount: £250,000 Example
Payment Terms: 30 days Example
Monthly Rate above SONIA: 1.25% Example
Monthly Amount inc. SONIA: £3,747.95 Example
Total Repayments: Muse will fund £120,000* Example

This calculator indicates that the cost of their services is calculated as a percentage above a benchmark interest rate SONIA. This immediately flags their pricing as interest-based, which is a critical point for any Muslim considering their services. For example, if SONIA is 0.5%, then a 1.25% “above SONIA” rate means the effective monthly rate is 1.75%.

Variable Factors Influencing Pricing

The exact “rate” a business receives will likely depend on several factors: Beehivedigitalservices.com Reviews

Risk Profile of the Business: The creditworthiness of the applicant business, its industry, and financial history will significantly influence the rate offered. Businesses with higher perceived risk typically face higher rates.
Type of Service: While the calculator is for supply finance, invoice finance or BNPL services might have slightly different rate structures or fee models.
Advance Amount & Term: Larger advance amounts or longer payment terms might influence the overall cost, though the “monthly rate” might remain similar.
Market Conditions: As the rate is tied to SONIA, it will fluctuate with prevailing market interest rates.

Understanding the Cost Implications

The “Monthly Amount inc.

SONIA” presented in their calculator example £3,747.95 for a £250,000 advance over 30 days at 1.25% above SONIA represents the financial charge for using their service.

This is effectively the cost of borrowing or utilizing their cash flow solution for that specific period.

For a Muslim, any pricing structure that explicitly involves a “monthly rate” or a percentage “above SONIA” indicates an interest-based transaction. This makes the service impermissible in Islam due to the prohibition of riba. Businesses seeking to adhere to Islamic principles should be extremely cautious and instead explore alternatives that operate on profit-sharing, asset-backed sales, or leasing models. The complete absence of clear, fixed pricing tables like subscription tiers further suggests that each deal is likely customized and negotiated, with the interest rate being a core component.

Getmymuse.com vs. Islamic Finance Providers

When comparing Getmymuse.com with Islamic finance providers, the fundamental difference lies in their underlying ethical and legal frameworks. Yachtsalesinternational.com Reviews

Getmymuse.com operates within a conventional financial system, while Islamic finance providers strictly adhere to Sharia law.

This distinction leads to vastly different product structures, pricing models, and philosophical approaches to money and commerce.

Core Principles and Models

Getmymuse.com Conventional Finance:
- Interest-Based Riba: As explicitly indicated by “Monthly Rate above SONIA,” their model is predicated on charging interest for the use of money. This is the cornerstone of conventional finance.
- Debt Creation: Their services like invoice finance and supply finance primarily function as mechanisms for debt creation, where a business gains immediate liquidity but incurs a fixed cost of capital interest over time.
- Risk Transfer: Risk is primarily transferred from the lender to the borrower, who is obligated to repay the principal plus interest regardless of the business’s performance.
Islamic Finance Providers:
- Riba-Free: Islamic finance strictly prohibits riba interest in all its forms. Transactions are structured to avoid any direct or indirect interest charges.
- Ethical Foundation: Rooted in Islamic ethics, promoting fairness, justice, and social responsibility. It discourages speculative transactions gharar and gambling maysir.
- Asset-Backed & Partnership Models: Instead of lending money for interest, Islamic finance relies on:
  - Trade-based contracts: Like Murabaha cost-plus sale, where the financier buys and resells an asset with a clear profit margin.
  - Leasing contracts: Like Ijarah, where an asset is leased for a rental fee.
  - Partnership contracts: Like Musharakah joint venture and Mudarabah profit-sharing, where risk and reward are shared between parties.
- Risk Sharing: A core tenet is the sharing of risk and reward between the financier and the client. This means that if a business incurs losses not due to negligence, the financier may also share in that loss.

Service Comparison Approach to Similar Needs

While both aim to address business cash flow needs, their methods differ significantly: Joanneduke.co.uk Reviews

Feature	Getmymuse.com Conventional	Islamic Finance Providers
Cash Flow Need	Provides immediate cash by lending against receivables/assets.	Provides immediate cash through permissible trade, lease, or partnership.
Invoice Finance	Typically involves factoring selling receivables at a discount.	Wakalah bil Istithmar agency investment or Murabaha for purchasing specific receivables, structured to avoid interest.
Supply Finance	Offers direct loans or advances to pay suppliers.	Murabaha cost-plus sale where the institution buys goods and resells them to the business at a profit.
BNPL for Business	Credit terms offered via a loan/credit line interest-bearing if late.	Murabaha deferred payment sale or Ijarah leasing where the underlying transaction avoids interest.
Funding Cost	Expressed as an interest rate e.g., % above SONIA.	Expressed as a profit margin for Murabaha, rental payment for Ijarah, or profit-sharing ratio for Musharakah/Mudarabah.
Transparency	May involve complex interest calculations and various fees.	Profit/rental/sharing ratios are typically known upfront and fixed for the contract duration.
Ethical Aspect	Profit maximization within legal boundaries.	Adherence to Sharia, promoting social justice and ethical dealings.

Conclusion on Comparison

For a Muslim business, the choice is clear. Getmymuse.com, with its explicit interest-based pricing, falls outside the permissible bounds of Islamic finance. While it might offer quick access to capital, the spiritual and ethical implications of engaging in riba are significant. Islamic finance providers offer viable, ethical alternatives that fulfill similar business needs while remaining compliant with Sharia, fostering economic growth that is both financially sound and spiritually rewarding. It is always advised to prioritize long-term spiritual well-being over short-term financial gains that violate divine injunctions.

Frequently Asked Questions

What is Getmymuse.com?

Based on looking at the website, Getmymuse.com is a financial services company that provides working capital solutions to businesses, including invoice finance, supply finance, and Buy Now, Pay Later options for B2B transactions.

What services does Getmymuse.com offer?

Getmymuse.com offers Invoice Finance to unlock cash from future invoices, Supply Finance to pay overseas suppliers, and a Buy Now, Pay Later service for businesses to offer credit terms to their buyers. They also mention credit control services.

Does Getmymuse.com charge interest?

Yes, based on the finance calculator on their homepage, Getmymuse.com explicitly mentions a “Monthly Rate above SONIA,” which indicates that their services are interest-based.

Is Getmymuse.com suitable for Muslim businesses?

No, due to the explicit mention of an interest-based “Monthly Rate above SONIA,” Getmymuse.com’s services are not suitable for Muslim businesses seeking Sharia-compliant financing, as interest riba is prohibited in Islam. Kazarselectric.com Reviews

What is SONIA in relation to Getmymuse.com’s pricing?

SONIA stands for Sterling Overnight Index Average, which is a benchmark interest rate used in the UK.

Getmymuse.com’s pricing is structured as a percentage “above SONIA,” meaning their charges are tied to this fluctuating interest rate.

What are the alternatives to Getmymuse.com for Muslim businesses?

Better alternatives for Muslim businesses include Sharia-compliant financing methods such as Murabaha cost-plus sale, Mudarabah profit-sharing partnership, Musharakah joint venture, Ijarah leasing, and Qard Hasan benevolent loan.

How does Invoice Finance work on Getmymuse.com?

Invoice Finance on Getmymuse.com allows businesses to sell their outstanding invoices to Muse, receiving immediate cash instead of waiting for client payments.

The specifics of the fees, likely including interest, would be detailed in their agreement. Xl-print.co.uk Reviews

How does Supply Finance work on Getmymuse.com?

Supply Finance means Getmymuse.com pays your overseas suppliers directly, enabling your business to complete orders without needing upfront capital for those purchases.

The cost for this service, as indicated by their calculator, includes an interest rate.

What is the Buy Now, Pay Later for Business service?

This service enables businesses using Getmymuse.com to offer their own clients 30, 60, or 90-day credit terms, effectively allowing the business’s customers to delay payment, with the underlying financing likely being interest-bearing for Getmymuse.com.

Are there any hidden fees with Getmymuse.com?

While their calculator shows a “Monthly Rate,” the website does not provide a comprehensive breakdown of all potential fees.

It is advisable to review their full terms and conditions for any additional charges, administrative fees, or penalties. Littlepowershop.com Reviews

How can I get a quote from Getmymuse.com?

You can request finance by using the “REQUEST FINANCE” button on their homepage, which would likely lead to a personalized quote based on your business’s needs and creditworthiness.

Does Getmymuse.com offer a free trial?

The website does not explicitly mention a “free trial” for their financial services.

Their offerings appear to be transaction-based or facility-based, rather than subscription services with trials.

How do I cancel a service with Getmymuse.com?

To cancel a service, you would need to refer to the specific terms and conditions of your agreement with Getmymuse.com and contact their client support or your account manager directly to understand the termination process and any outstanding obligations.

What happens if I default on payments to Getmymuse.com?

While not specified on the homepage, defaulting on financial agreements typically leads to penalties, late fees, and potential legal action, as is standard in conventional finance. Afrosea.com Reviews

It’s crucial to understand your contract’s default clauses.

Is Getmymuse.com regulated?

The website mentions “As featured in,” implying credibility.

However, for specific regulatory information e.g., FCA in the UK, one would need to check their About Us section or terms and conditions, or look them up on relevant financial regulatory registers.

Can Getmymuse.com help with credit control?

Yes, Getmymuse.com states that they offer credit control services, where they will help collect outstanding invoices, allowing businesses to focus on their core operations.

What is the typical repayment term for Getmymuse.com’s services?

Their example calculator shows “30 days” as a payment term, but their B2B Buy Now, Pay Later option also mentions 30, 60, or 90-day credit terms, suggesting flexibility based on the service and agreement. Ipercash.fr Reviews

Do I need to be a large business to use Getmymuse.com?

The website states “Empowering Credit Terms for Your Business” and mentions “businesses thrive,” implying they cater to a range of business sizes, though specific eligibility criteria would only be clear upon application.

Are there any ethical concerns with Getmymuse.com for non-Muslims?

For non-Muslims, the ethical concerns would primarily revolve around the transparency of fees, the sustainability of interest-based debt, and the potential for accumulating liabilities, which are common considerations with conventional financing.

How long does it take to get funding from Getmymuse.com?

The website does not specify funding timelines.

Typically, for financial services like these, the speed of funding depends on the completeness of your application, their due diligence process, and the complexity of the financing required.

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