A short-term trade based financing facility designed to meet liquidity requirements of the customers involved in manufacturing/trading of goods.
• Ideal for customers engaged in local or international trading
• Sale and agency based financing against finished goods
• Competitive pricing
must meet the bank’s as well as applicable regulator’s policies
to provide acceptable collateral as per bank’s requirement
How to apply
Applicant to provide:
Basic Fact Sheet
Statements (as per Prudential Regulations and bank requirements)
One Year Stock Report
other documents as per bank’s policy and regulatory guidelines
All bank charges will apply as per the prevalent Islamic
Schedule of Bank Charges.
Under this facility, bank purchases customer’s finished goods on a spot payment basis and then appoints customer as its agent to sell the same in the market. Customer finally settles its financing with bank upon receipt of proceeds from the ultimate buyer.
Terms and conditions apply.