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
