Wakalah (Agency)
| Wakalah refers to a contract where a party authorizes another party to act on behalf. |
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Products under Wakalah: |
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Inward Letter of Credit-i |
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Outward Letter of Credit-i |
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Inward Bills for Collection-i |
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Outward Bills for Collection-i |
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Murabahah (Cost-Plus Profit)
| Murabahah is a "cost-plus profit" sale contract. It is a facility granted to bank's client for financing their short term working capital requirement by way of lump sum deferred payment cost plus profit. |
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Products under Murabahah: |
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Murabahah Working Capital Financing-i |
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Accepted Bills-i (Purchase/Import) |
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Outward Letter of Credit-i |
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Musyarakah (Joint Venture)
| Musyarakah is defined as a joint venture on profit / loss sharing between a bank and its client whereby the client has to contribute part of the capital in a joint venture project. The profit derived from the project shall be distributed at a profit ratio as agreed between the bank and its client. |
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Products under Musyarakah: |
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Outward Letter of Credit-i |
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Kafalah (Guarantee)
| Kafalah is a contract of guarantee in which one party guarantees the fulfillment of a claim or performance of an obligation which is due to another party in a case of default. |
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Products under Kafalah: |
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Shipping Guarantee-i |
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Bank Guarantee-i |
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Bai' Dayn (Debt Trading)
| Bai' Dayn refers to the sale of a debt arising from trade and services transaction in the form of a deferred payment sale. The client sells this debt to the Bank at a discount. |
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Products under Bai' Dayn: |
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Bai' Al-Dayn Working Capital Financing-i |
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Accepted Bills-i (Sales/Export) |
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Foreign and Domestic Bill Purchased-i |
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