Close
EN
BM

Personal

Business

Financing

Foreign/Domestic Bill of Exchange Purchase-i (Documentary)

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

Financing

Foreign/Domestic Bill of Exchange Purchase-i (Documentary)

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

Benefits

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).

You might also be interested in

Foreign/Domestic Bill of Exchange Purchase-i (Authority to Purchase)
Bai’ Al Dayn Working Financing-i (BWCF)
Al Kafalah Shipping Guarantee (KSG)
Al Kafalah Bank Guarantee (KBG)
Chat with us on
WhatsApp
AUSTRALIAN DOLLARAUD2.8900002.7310002.715000
BRUNEI DOLLARBND3.4230003.2240003.213000
CANADIAN DOLLARCAD3.1880003.0730003.056000
SWISS FRANCCHF5.1360004.9120004.894000
EURO EUR4.8310004.5620004.540000
STERLING POUNDGBP5.7830005.5270005.518000
NEW ZEALAND DOLLARNZD2.6660002.4750002.460000
SINGAPORE DOLLARSGD3.4230003.2240003.223000
UNITED STATES DOLLARUSD4.6430004.3920004.375000

2024-12-20 08:45:46