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Foreign/Domestic Inward Bill for Collection-i (FIBC-i/DIBC-i)

Facility granted to the seller to finance their trade debt, which arises from sale contract of goods (halal), presented under Documentary Credit under the principle of ‘Bai Al-Dayn’. A short term financing whereby the bank purchases the customer’s right to the debt.

Benefits

Customers get immediate fund;
Improve company’s cash flow pending payment from buyer;
Financing for full amount of the bill.

Features

Documents are sent on collection basis;
Financing for Sight Bill (D / P) and Usance Bill (D / A).
Documents presented that comply with the Documentary Credit terms.

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Foreign/Domestic Bill of Exchange Purchase-i (Authority to Purchase)
Foreign/Domestic Bill of Exchange Purchase-i (Documentary)
Foreign/Domestic Inward Bill for Collection-i (FIBC-i/DIBC-i)
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2024-06-13 08:48:21