Accepted Bills-i (AB-i) – Purchase

Accepted Bills-i (AB-i) – Purchase

AB-i Purchase is a bill of exchange drawn by the bank on and accepted by the purchaser/importer (local purchase/import). The creation of Accepted Bills-i is subject to ‘Guidelines on Accepted Bills-i’ issued by Bank Negara Malaysia (BNM). This financing facility based on the Shariah concept of Murabahah.

Features

Type of facility

  • Trade Bills-i Facility

Facility Limit

  • Subject to the bank’s prevailing credit policy and credit approval
Benefits
  • Provide flexibility in utilization of customer’s credit facility
  • Pricing is slightly cheaper than TR-i since the pricing is quote based on AB-i market rate
  • Tradable in secondary market
  • Globally accepted Shariah concept used
  • Low late payment charges
  • No processing fees
Eligibility
  • Sole Proprietor
  • Partnership/ Limited Liability Partnership (LLP)
  • Private and Public Limited Company
  • Government / Statutory Bodies
Requirements
  • Malaysian-controlled or Malaysian-owned business
  • Confined to the Halal business/requirement
  • Customer must have good credit record and subject to bank’s credit criteria


How to Apply

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