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
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Documents are sent on collection basis; |
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Financing for Sight Bill (D / P) and Usance Bill (D / A). |
Benefits
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Immediate fund; |
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Improve company's cash flow pending payment from buyer; |
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Financing for full amount of the bill. |