Thursday, 21 November 2019, 24 Rabiulawal 1441H Solat Time:

Accepted Bills-i (AB-i)

AB-i is a money market priced driven instrument which can be drawn to finance domestic purchases or imports and domestic sales or exports. The AB-i may be sold in the secondary market, thus enabling the Bank to provide attractive financing rate.

AB-i (Purchase)

It is a financing facility granted to you to finance your purchase of tradable goods that include raw material, semi-finished and finished goods. Payment to suppliers will be made immediately by the Bank. It is created for both sight and usance bills. In the latter instance, AB-i financing enables extension of credit to you.

AB-i (Sales)

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 of using our products:

  • Eligible financing provided at attractive financing rate

  • No need for rounding down to nearest thousand as we provide up to 100% financing of invoice value

  • Improves your cash flow

  • There is no acceptance commission while financing profits are paid at the tail end (i.e. payable upon maturity of the AB-i)

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