An instrument that provides the flexibility to meet your various financing needs to help your business grow.
- IF-i is a short term financing based on Shariah contract of Murabahah (cost plus profit sale) via Tawarruq (purchase of commodity on deferred payment).
- To finance purchases/imports and sales/exports of trade-related goods and services in Ringgit Malaysia.
- Maximum tenor of 180 days.
- Flexibility for partial payment or early settlement
- Scope of financing:
- Pre-shipment financing
- Purchase or import of goods
- Sales or export of goods
- Services and intangibles
- Partial payment and early settlement are allowed. Rebate (ibra’) will be granted to customer when there is partial payment/early settlement. No charges for early settlement.