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A trade facility to finance domestic purchase or import based on documents drawn under Letter of Credit-i (LC-i) and Inward Bills for Collection-i (IBC-i).
Features
  • The product  is offered under the Shariah contract of Murabahah
  • A mode of financing for goods purchased under LC-i
    or IBC-i only
  • Early or partial settlement is allowed
  • No minimum amount or tenor of financing: financing can be on invoice value for any number of days required, subject to your facility tenor/limit
  • You must have a facility with the bank
Benefits
  • Settle your payment obligations to the seller promptly and maintain a good standing
  • Take possession of the goods immediately without having to pay until the end of the financing period
  • Sell the goods or turn them into finished products for sale or export without further delay
  • Improve your company's cash flow
  • Make partial payments as and when you have the funds
  • Transaction based on Shariah compliant goods
  • Financing rate is fixed throughout the tenor
Tenor

Maximum

  • Up to 180 days, determined based on the turnover period of goods

Margin of Financing

  • Up to 100% of the bill amount plus other payments e.g. freight / carrier charges and import duties
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