Close
Services

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

You might also be interested in

Accepted Bills-i (AB-i) – Import/Purchase
Accepted Bills-i (AB-i) – Export/Sales
Foreign/Domestic Bill of Exchange Purchase-i (FBEP-i/DBEP-i) – Documentary
Bank Guarantee (BG-i)
Chat with us on
WhatsApp
AUSTRALIAN DOLLARAUD3.2260003.0720003.056000
BRUNEI DOLLARBND3.6610003.5010003.490000
CANADIAN DOLLARCAD3.6100003.4830003.466000
SWISS FRANCCHF5.5580005.3190005.301000
EURO EUR5.3470005.0530005.031000
STERLING POUNDGBP6.2120005.9590005.950000
NEW ZEALAND DOLLARNZD3.1160002.8930002.878000
SINGAPORE DOLLARSGD3.6610003.5150003.514000
UNITED STATES DOLLARUSD4.9200004.6670004.650000

2024-02-23 08:37:52