A Shariah compliant trade financing that allows you to finance the purchase and sale of trade-related goods, services and intangibles.
- 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.
- 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.