Close
Personal
Business
Financing

Foreign/Domestic Bill of Exchange Purchase-i (Authority to Purchase)

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’.

Benefits

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

Features

Sale contracts of goods drawn under documentary credit;
Financing for Sight Bill and Usance Bill;
Documents presented that comply with the Documentary Credit terms.

You might also be interested in

Bai’ Al Dayn Working Financing-i (BWCF)
Al Kafalah Shipping Guarantee (KSG)
Al Kafalah Bank Guarantee (KBG)
Chat with us on
WhatsApp
AUSTRALIAN DOLLARAUD3.2270003.0730003.057000
BRUNEI DOLLARBND3.5740003.4160003.405000
CANADIAN DOLLARCAD3.5080003.3840003.367000
SWISS FRANCCHF5.3740005.1420005.124000
EURO EUR5.2230004.9340004.912000
STERLING POUNDGBP6.1250005.8730005.864000
NEW ZEALAND DOLLARNZD3.0190002.8030002.788000
SINGAPORE DOLLARSGD3.5740003.4300003.429000
UNITED STATES DOLLARUSD4.8580004.6070004.590000

2024-06-28 09:30:19