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Export Credit Refinancing-i (ECR-i)
ECR-i (Pre-shipment)
Pre-Shipment ECR-i is a financing facility based on Murabahah contract, granted to exporters to prepare goods prior to shipment. It is an effort to encourage the exports of Malaysian agriculture products and manufactured goods.
ECR-i (Post-shipment)
Post-shipment ECR-i is a financing facility based on Bai´ Dayn contract, available to direct exporter who exports eligible products on sight or usance terms. For sight term, the financing period shall not exceed 60 days.
FEATURES
- The facility is funded by Export Import Bank of Malaysia Berhad (EXIM Bank)
- Financing only covers Halal products and those not listed in the EXIM Bank’s Negative List Guideline
- The Financing rate shall be determined by EXIM Bank from time to time
- Bank Islam can add up to a maximum margin of 1% to the ECR Financing rate for financing its customer
- Post-shipment ECR-i is only available to direct exporter who export eligible products on sight or usance terms
BENEFITS
- Lower cost of financing as it is funded by EXIM Bank
- For Post-shipment ECR-i, customer can obtain immediate funds upon presentation of export documents after shipment
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