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Bank Islam
Bank Islam

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Acceptance Bills-i (AB-i)
  • AB-i is a bill of exchange which is either:
    • drawn by the Bank and accepted by the importer/purchaser
    • drawn by the exporter/seller and accepted by the Bank
  • The bill constitutes a debt owed to the Bank thus eligible for trading in the secondary market
  • The underlying Shariah transaction for trading in the secondary market is known as BaiĀ“ Dayn (debt trading)
  • Price of AB-i is based on the discounting formula
  • The discount rate of AB-i shall reflect the current market standing
  • Trading of AB-i is subjected to the availability of the bill at Bank Islam
  • Islamic equivalent of conventional Bankers Acceptance

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