A Shariah compliant trade financing that allows you to pay for goods/services with the Bank’s funds and only pay it back at a later date.
- Imagine you’re providing shipping services ancillary logistics and engineering services, you are about to transport few cargoes to China but lack of cash required to purchase the marine gas oil to operate the ships.
- You may approach our bank to get this financing so the bank would first pay on your behalf.
- With this facility, you may continue business operation without coming up with a huge amount of money upfront.
- MWCF-i is based on Shariah contract of Murabahah (cost plus profit sale).
- To finance purchases or imports of trade related goods and services in Ringgit Malaysia
- Max 180 days
- Flexibility for early or partial settlement before maturity
- Scope of financing:
- Pre-shipment financing
- Purchase of Capital goods
- Services rendered Financing is provided to the exact invoice amount (at bank’s discretion)