Close
Personal
Business
Financing

Foreign/Domestic Outward Bill for Collection-i (FOBC-i/DOBC-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’.

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

Foreign/Domestic Inward Bill for Collection-i (FIBC-i/DIBC-i)
Foreign/Domestic Bill of Exchange Purchase-i (Authority to Purchase)
Bai’ Al Dayn Working Financing-i (BWCF)
Foreign/Domestic Bill of Exchange Purchase-i (Documentary)
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