Features

• The cost must be revealed;
• The price and tenure of the lump-sum deferred payment must be agreed upon by the Bank and the customer;
• The Bank appoints customer as an agent (Al-Wakalah) to purchase on its behalf;
• Marginal deposit may be imposed;
• Trade transactions for sight (D/P) only are allowed;
• Financing for item of saleable value; e.g. purchase of stock and inventories, spares and replacements, semi-finished goods
  and raw materials.