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.