Trade Services

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Islamic Trade Finance

At RHB Islamic Bank, we provide comprehensive trade financing solutions based on the accepted Islamic Shariah principles to meet your working capital requirements. We pride ourselves at being able to provide you our end-to-end Islamic Trade Financing at a very competitive profit/financing rates.

Our Islamic Trade Financing products are as follows :

ISLAMIC ACCEPTED BILLS-i Islamic Accepted Bills-i (AB-i) is a financing product to finance purchases of raw materials and other tradeable goods. It can be used to finance both your local purchases and/or imported goods from overseas. Payment of AB-i to the bank is usually from proceeds of your sales.

AB-i is provided under the Islamic Shariah principle of Murabahah (cost plus financing).
ISLAMIC TRUST RECEIPTS-i Islamic Trust Receipts-i (TR-i) is a financing product to finance purchases and imports of goods. RHB Islamic Bank provides TR-i as a financing tool complementing the issuance of Islamic Letter of Credit-i (LC-i). It is also an alternative financing tool to Islamic Accepted Bills-i (AB-i). Payment of TR-i to the bank is usually from sales of goods purchased under the Bank’s LC-i.

TR-i is provided under the Islamic Shariah principle of Murabahah (cost plus financing). Apart from Islamic Trade Financing products, we also provide Islamic Trade Services products to meet your trading and other business requirements.
ISLAMIC LETTER OF CREDIT-i Islamic Letter of Credit-i (LC-i) allows you to procure goods locally as well as imports from overseas with the Bank providing your supplier an undertaking to pay them upon shipment of goods and presentation of shipping documents complying with the terms and conditions of the LC-i.

By getting the Bank to issue LC-i for you to procure the goods, you would also avail yourself subsequent financing for the goods purchased, either by TR-i or AB-i when the payment for the goods is due to the supplier. LC-i is provided under the Islamic Shariah principle of Wakalah (agency arrangement).
ISLAMIC SHIPPING GUARANTEE-i Islamic Shipping Guarantee-i (SG-i) allows you to obtain the goods from shipping company in the absence of Bills of Lading, which can happen in the event of delay in documents received or documents lost/misplaced in transit. SG-i would prevent delays in clearing and getting your goods even if you have not received the shipping documents yet.

SG-i is provided under the Islamic Shariah principle of Kafalah (guarantee arrangement).
ISLAMIC BANK GUARANTEE-i Islamic Bank Guarantee-i (BG-i) allows you to expand your businesses or enter into dealings where your counterpart requires BG-i as part of the business arrangement. When issuing the BG-i, RHB Islamic Bank provide guarantee to your counterpart that we will pay them to cover their losses in the event of default, breach of contract or non-performance by you. BG-i would act as an added comfort to your counterpart that you will live up to your obligation in the business dealings you have with them.

BG-i is provided under the Islamic Shariah principle of Kafalah (guarantee arrangement).
OTHER ISLAMIC TRADE SERVICES PRODUCTS We also provide other standard Trade Services products such as inward and outward collection of documents, advising of Letter of Credits and presentation of LC documents to issuing bank for payment.

All of the above products are provided under the Islamic Shariah principle of Wakalah (agency arrangement).
CONTACT POINT If you require further information about our Trade Finance product and services, please feel free to contact our designated Islamic Trade Finance number at 03-21715117.

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