Facility granted to the seller to finance their trade debt, which arises from sale contract of goods (halal), presented under Documentary Credit under the principle of 'Bai Al-Dayn'.
Features
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Sale contracts of goods drawn under documentary credit; |
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Financing for Sight Bill and Usance Bill; |
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Documents presented that comply with the Documentary Credit terms. |
Benefits
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Customers get 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. |
