Bai’ Dayn Working Capital Financing (BWCF-i)

BWCF-iis a facility granted to BMMB client to finance their sale. The client will sell the goods or services rendered on credit. While waiting for the local sales to be realized, customer requires the financing immediately from the BMMB. BMMB provides financing by purchasing the debt/receivable at a mutually agreed price and pays the client immediately the cost less the Bank’s profit. Upon receipt of the proceeds or upon maturity of the bill whichever is earlier, the client will pay the Bank the full invoice value. Bai’ Dayn refers to the sale of a debt of a debt arising from trade and services transaction in the form of a deferred payment sale. The client sells this debt to the BMMB at a discount.

Benefits

• Client will be paid by BMMB before realization of the sale