Foreign/Domestic Bill of Exchange Purchase-i (Documentary) - Wholesale Banking

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Facility granted to the seller to finance their trade debt, which arises from sale contract of goods (halal) under contract of 'Bai'Al-Dayn'. A short term financing whereby the bank purchases the customer's right to the debt.

Features

•	Documents are sent on collection basis;
•	Financing for Sight Bill (D / P) and Usance Bill (D / A).

Benefits

•	Immediate fund;
•	Improve company's cash flow pending payment from buyer;
•	Financing for full amount of the bill.