AB-i (Import/Purchase) is a facility granted to BMMB client (buyer) to finance their purchase of trading goods which include raw materials, semi-finished and finished goods. BMMB will enter into Murabahah contract (cost-plus profit) with the client. Murabahah is a “cost-plus profit” sale contract. It is a facility granted to clients for financing their short term working capital requirement by way of lump sum deferred payment cost plus profit.
The documents required for creating AB-I Purchase are: