A | B | C – E | F | G – I | K – L | M | N – P | Q – S | T | V – Y
B
Bai' al-Dayn
Debt-trading. It refers to the sale of debt arising from a trade transaction in the form of a deferred payment sale
Bai Al-Istina'
A contract that involves the sale of manufactured assets where the Bank pays the manufacturer in advance and the assets are delivered subsequently upon completion. The specifications of the assets are pre-agreed. This contract enables suppliers to be paid a pre-delivery advance
Bai' Bithaman Ajil (BBA)
The sale of goods on a deferred payment basis at a price which includes a profit margin agreed to by both the buyer and seller
Bai Salam
An agreement whereby payment is made immediately while the goods are delivered at an agreed later date. It is the equivalent of an advance payment
Bai Ul-Inah
A buy-and-sell contract whereby the provider of funds will sell its asset to the customer on a deferred payment basis. At the same time, the Bank will buy back the same asset from the customer at a lower price but on a cash basis
Bank Guarantee (BG)
A written undertaking by the Bank (as a Guarantor) to pay a third party (Beneficiary) in the event of a default or non-performance by the client/customer (Principal)
Bank Guarantee-i
A Shariah-compliant facility that guarantees payment to the beneficiary in the event of the customer's non-performance of contract with the beneficiary
Bankers Acceptance (BA)
A draft (bill of exchange) drawn by customers to their order, payable on a specific future date and accepted by the Bank for the purpose of financing a bona fide trade i.e. export, import or domestic trade transaction
Bills Exchange Purchased-i
A Shariah-compliant facility that finances exporters/sellers who need funds immediately in exchange for export documents
Block discounting
A credit facility for motor dealers, credit and leasing companies to augment their working capital. It entails the discounting of blocks of HP and leasing agreements receivables for present cash. The blocks of HP and leasing agreements assigned to Maybank are covered under a Master Agreement for block discounting
Can we help?
Call our Customer Care hotline at 1-300 88 6688 or 603-7844 3696 (overseas) any time, any day. (That includes holidays)
Etiqa Insurance Call Hours
Monday to Thursday:
8:45am - 5:45pm
Friday:
8:45am - 4:45am
Closed on Saturday, Sunday and Public Holiday.
For more info call Etiqa Oneline: 1300 13 8888 or visit www.etiqa.com.my
Credit Card Centre
For enquiries, call 1-300-88 6688 or fax our Credit Card Centre at 03-7953 8610 (Platinum/Premier) or 03-7953 8600 (General/Gold & Classic).
Glossary
New to banking terms? Check out the meanings here
Whistleblowing Hotline
(24 hours secured hotline)
1-800 38 8833 or 603-2026 8112 (overseas)
(Protected email address)
whistleblowing@maybank.com
(Secured P.O Box mail address)
P.O Box 11635, 50752 Kuala Lumpur, Malaysia