Foreign/Domestic Outward Bill for Collection-i (FOBC-i/DOBC-i)

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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