You get access to Shariah compliant working capital to fulfil your sales orders.
We will be able to finance the manufacture or sourcing of a percentage of your confirmed export orders or documentary credits using the Tawarruq concept. The bank sells a base metal to you on deferred payment terms at an agreed profit. The bank then arranges to sell the metal to a broker on your behalf for instant cash giving you the financing that you require. You may opt to settle your pre-shipment financing using our Islamic Post-Shipment Financing.
Documentation: Prior to availing the Islamic Pre-shipment Export finance facility, the following document should be in place duly signed by your authorized signatories:
Thereafter, for every transaction a Murabaha Sale Contract, Power of Attorney and repayment schedule would be signed.
