Bank Guarantee-i (BG-i) is a Shariah-compliant guarantee facility issued by Bank Muamalat Malaysia Berhad (BMMB) on behalf of its customer in favour of a Beneficiary to guarantee the fulfilment of any contractual or financial obligations.
The facility provides assurance to the Beneficiary that BMMB will honour the guaranteed obligation should the customer fails to perform or fulfil the agreed contractual terms and conditions.
Key Features
- Shariah-compliant guarantee facility for various trade and commercial purposes.
- Issued based on the approved facility limit granted by the Bank.
- Supports a wide range of guarantee requirements to meet business needs.
Types of Bank Guarantee
- Tender Bond
- Performance Bond
- Advance Payment Guarantee
- Supplier Bond
- Shipping Guarantee
- Other guarantees as approved by the Bank
Benefits
- Enhances business credibility and confidence among customers, suppliers and business partners.
- Enables participation in tenders and contract execution.
- Provides assurance to the Beneficiary on the fulfilment of contractual obligations.
- Supports business growth and project implementation.
- Offers a Shariah-compliant guarantee solution for business needs.
Shariah Concept
Kafalah
Suitable For:
- Tender participation
- Contract execution
- Advance payment guarantees
- Supply of goods and services
- Domestic and international trade transactions
- Guarantee requirements for government agencies, statutory bodies and private organizations
Who Can Apply
Business customers requiring a bank guarantee to support trade transactions, contractual obligations or other commercial requirements, subject to the Bank’s approval.
Why Choose BMMB:
- Shariah-compliant guarantee solution.
- Flexible guarantee facilities tailored to business requirements.
- Supports a wide range of trade and commercial transactions.
- Backed by an experienced Trade Finance team.
Terms and Conditions Apply.
