Foreign/Domestic Bill of Exchange Purchase-i (Documentary)
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.
Improve company’s cash flow pending payment from buyer;
Financing for full amount of the bill.
Documents are sent on collection basis;
Financing for Sight Bill (D / P) and Usance Bill (D / A).