Acceptance Bills – Islamic (AB-I)

 

Features

  • ABi was introduced based on the concept of Murabahah (cost-plus) and Bai Al Dayn (debt trading) at creation;
  • It is drawn to finance trade, imports, exports and domestic;
  • Minimum tenor of financing is 21 days;
  • The minimum amount is RM 30,000.00 in multiples of RM 1,000.00;
  • ABi is calculated on a discounted basis.
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