Foreign/Domestic Bill of Exchange Purchase-i (Authority to Purchase)

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’.

 

Benefits

  • Customers get immediate fund;
  • Improve company’s cash flow pending payment from buyer;
  • Financing for full amount of the bill.
Features
  • Sale contracts of goods drawn under documentary credit;
  • Financing for Sight Bill and Usance Bill;
  • Documents presented that comply with the Documentary Credit terms.
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