Murabahah Working Capital Financing-i (MWCF-i)

MWCF-i is a facility granted to BMMB client (buyer) to finance their purchase of trading goods which include raw materials, semi-finished (cost-plus profit) with the client. Murabahah is a “cost-plus profit” sale contract. It is a facility granted to customers for financing their short term working capital requirement by way of lump sum deferred payment cost plus profit.

 

Benefits

  • Advance made by the BMMB on behalf of its client (buyer) to pay the seller
  • Buyer pays the Bank on deferred payment term.
  • Immediate payment to the seller(documents received in order before cut-off time)
  • Rebate may be given on early settlement
Features
  • The cost must be revealed
  • The price and tenure of the lump-sum deferred payment must be agreed upon by BMMB and the client
  • BMMB appoints its client as an agent (Wakil) to purchase on its behalf
  • Marginal deposit may be imposed
  • Trade transactions on cash term (sight or 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
  • The minimum amount of financing is RM5,000.00
  • The minimum tenor is for 30 days
Document Required

    The documents required for creating MWCF are:

  • MWCF Contract Note
  • Al-Muranahah Working Capital Financing Letter
  • Bill of Exchange (duty accepted by the customer)
  • Commercial Documents Invoice and Transport Documents)
  • Other supporting documents
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