A financing facility using Bai´ Dayn contract, granted by Bank Islam to its customer whereby Bank Islam purchases the customers’ debts arising from the creation of the outward bills for collection under open account or drawn against export letter of credit. The customer’s account is credited immediately with the proceeds from the purchasing of the debt. The proceeds of the collection will be used to liquidate the financing.

BEP-i is classified into two:

1. DOMESTIC BILLS OF EXCHANGE PURCHASED-i (DBEP-i)
   Domestic bills drawn in RM purchased by Bank Islam against outward bills for collection under open account or against letter of credit.

2. FOREIGN BILLS OF EXCHANGE PURCHASED-i (FBEP-i)
   Foreign bills drawn in foreign currencies purchased by Bank Islam against outward bills for collection under open account or against export letter of credit.

BENEFITS