- Businesses with receivables that are ageing beyond their supposed credit terms
- Businesses seeking short-term liquidity without adding debt in their balance sheet
Islamic Receivable Purchase Programme-i (RPP-i) by Maybank Islamic Berhad
A Shariah-compliant receivable purchase programme that allows Sellers to obtain early payment by selling outstanding invoices to the Bank at a discount.
Benefits
Immediate Access to Liquidity
Get early payment for outstanding invoices without waiting for credit terms to mature.
Potential “True Sale” Treatment
May be recognised as a true sale (subject to auditor’s interpretation), improving balance sheet position.
Shariah-Compliant Structure
Meets Shariah Counter requirements for SSL-listed companies via approved Islamic contracts (Bai Al-Dayn Bi Al-Sila and Wakalah).
Enhance Sales Volume
With immediate access to cash, sellers can sell more to buyers on longer credit terms without cash flow constraints.
Operational Efficiency
Reduced collection effort as Maybank Islamic handles payment collection from buyers.
Apply now
Email us at scf_helpdesk@maybank.com
Kindly provide the following details:
- Company Name
- Company Registration Number
- Annual Turnover
- Contact Person
- Mobile Number
Preferred Contact Time (Morning or Evening)
Other Fees & Charges
Based on Islamic Interbank Money Market Rate (IIMM), from maturity date / recourse date to settlement
Traditional Financing vs RPP-i
|
Aspect |
Traditional Financing |
RPP-i |
|---|---|---|
|
Classification |
Debt / Borrowing |
Trade-based (Non-debt) |
|
Balance Sheet Impact |
Financing liability |
Potential “True Sale” – improved cash & reduced receivables |
|
Collateral |
Often required |
Not required (backed by receivable & buyer) |
|
Revenue Recognition |
Upon payment collection |
Immediate upon sale of receivables |
|
Collection Responsibility |
Seller |
Maybank will handle the collection from the Buyer |