It is a certificate of debt issued by the bank, negotiated on issuance, and based on the Syariah Principle of Al-Bai Bithaman Ajil;

The transaction involves the sale of banking institution's assets to the customer at an agreed price on cash basis;

Subsequently the assets are purchased back from the customer at principal value plus profit and to be settled at an agreed future date;

Tenors of issuance vary from 1 month to 5 years with returns closely related to the interbank market rates;

Minimal nominal amount issued is RM 10,000,000.00 in multiples of RM 1,000,000.00;

NIDC offers fixed return over the entire tenor of the investment.