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It is a financing facility granted to finance your sales or export of goods on credit terms that include raw materials, semi-finished and finished goods. It is a short term financing facility whereby the Bank purchases the debt which is securitised in the form of Accepted Bills. Benefits & Features. Benefits of using our products:
The Accepted Bills-i (“AB-i”), which was previously known as Islamic Accepted Bills (IAB) were introduced in 1991 with the objective to encourage and promote both domestic and foreign trade through an Islamic financing mechanism.
Accepted Bills-i (AB-i) A trade facility to finance import or purchase, and export or sales. It is governed by AB-i guidelines issued by Bank Negara Malaysia. Features. There are two types of AB-i financing: AB-i Import/Purchase:
CIMB Islamic Bank draws a usance Bill of Exchange on you, and you accept the Bill of Exchange as a certificate that indicates your debt.
Jan 24, 2024 · Financing. Accepted Bills-i (AB-i) Contact Us Email Us Talk To Us Visit Our Branch. Purchase from Resident / Non-Resident. Sale to Resident / Non-Resident (Mark Up Cost Plus) Islamic bank for all. Better lives, together.
May 13, 2024 · Financing. Accepted Bills-i (AB-i) – Export/Sales. Talk To Us Visit Our Branch. AB-i (Export/Sales) is a facility granted to the Client (seller) to finance their usance exports or domestic credit sales. The Client sells the goods on credit. The Client sells his debt to the BMMB and obtains immediate proceed.
Accepted Bills-i (Sales) is a promised future payment which is a bill of exchange drawn by Sellers/Exporters and accepted by the bank to finance sales of goods and commodities. Sellers/Exporters can obtain financing and receive cash earlier on the extended credit terms on Sales or Exports.
Islamic Accepted Bill also known as Interest-Free Accepted Bill (IAB), was introduced in 1991. The objective of introducing IAB is to encourage and promote both domestic and foreign trade, by providing Malaysian traders with an attractive Islamic financing product.
Accepted Bills-i is a Bill of Exchange drawn to finance domestic and foreign trade and it is payable on a specified future date. E-mail us, or call us at +603 2058 2800 for more details.
Branch Locator. Chat with us. Based on the Shariah contract of Murabahah (cost-plus profit) to finance imports and exports of local purchases or sales of goods.
