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A trade facility to finance import or purchase, and export or sales. It is governed by AB-i guidelines issued by Bank Negara Malaysia.
Features

There are two types of AB-i financing:

  • AB-i Import/Purchase:

    • It is a Usance bill of exchange drawn by the Bank on the customer and accepted by the customer to finance import/purchase. Issued based on the Shariah contract of Murabahah.

  • AB-i Export/Sales:

    • It is a Usance bill of exchange drawn by the customer and accepted by the Bank to finance export/sales. It is issued based on the Shariah contract of Bai Dayn.

    Minimum amount of financing: RM50, 000 or equivalent
    Minimum financing period: 21 days
    Maximum financing period: 180 days
  • Margin of financing is up to 100% of invoice value for AB-I Import/Purchase
  • A means of financing for working capital requirements
  • One of the cheapest means of financing in RM currently available
  • Requires customers to have a facility with the bank
Benefits
  • Competitive pricing. Profit rate is based on the prevailing money market rate quoted by the Bank on daily basis
  • Tradable in the secondary market
  • Financing rate is fixed throughout the tenor
  • Transaction based on ‘halal’ goods
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