Get a Shariah compliant trade financing with fixed maturity on your purchases or sales invoice
- Imagine you’re a glove exporter and you required high cash flow to fulfil your business needs
- Once the gloves have been shipped, you may convert your sales to cash immediately by presenting the sales invoice to the bank
- With the fund available to you before your buyer makes the payment, you have additional liquidity to expand your business further
- Imagine you’re a BMW car dealer, you are about to import 20 units of BMW cars from Germany but you are lacking the cash required to make the purchase
- You may approach our bank to get this financing on your purchase invoice
- With this facility, you may start selling the imported goods without coming up with a huge amount of money upfront
- Finance AB-i Purchases based on Shariah contract of Murabahah (cost plus profit sale) and AB-i Sales based on Shariah contract of Bai’ AI-Dayn (sale of debt)
- Drawn in Ringgit Malaysia only
- Tenor min 21 days, max 365 days (Purchases), 180 days (Sales)
- Financing is provided to the exact invoice amount with min RM50,000 per application
- Invoice bunching is allowed with min RM1,000 per invoice
- Rollover /Extension of AB-i tenor is not allowed
- Margin of financing is up to 100% of the invoice value (at bank’s discretion)