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Accepted Bills-i (AB-i) Purchase
A bill of exchange drawn by the Bank on and accepted by you, which you agree to pay on a deferred basis for the financing of your purchase from residents or non-residents. This financing is based on the Shariah concept of Murabahah (cost plus profit).
Features
Profit rate is fixed and determined upfront.
Tenure is determined based on trade cycle with a maximum tenure up to 365 days.
Financing granted in Ringgit Malaysia.
Benefits
Utilisation Flexibility
Enjoy the flexibility in utilisation of the facility.
Affordable Facility
The pricing is quoted based on AB-i market rate, hence it's slightly cheaper than TR-i.
Tradable in Secondary Market
AB-i is tradable in a secondary market, making it a cost effective facility with attractive financing rate.
Important Information
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A flexible solution which allows you to cover financing for both tangible goods and related services under your imports or purchases trade transactions.
A short-term financing that helps buyer to take possession of your purchased goods.
Serves as a promissory note to the Bank indicating that buyers will pay the Bank upon sales of the goods.
A usance bills of exchange drawn on and accepted by the Bank for financing of your sales of goods, and payable on a specified future date.
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