The formulated amounts in both PRE FINANCING & POST FINANCING products shows the maximum eligible amounts for each financing.
These formulations are considering best case scenario.
Final result will be based on the decision made by Credit Committee
WAKALAH PRE FINANCING-i (WPF-i)
IJARAH KHADAMAT PRE FINANCING-i (IKPF-i)
RESTRICTED MUDARABAH PRE-FINANCING FACTORING (RMPF-i)
COMMODITY MURABAHAH POST FINANCING-i (CMPF-i )
Commodity Murabahah Post Financing i (“CMPF i ”) is a Post Financing Factoring for asset acquisition and/or working capital. It is defined as a sale of a specified commodity in two different level of transactions. First, the selling of commodity to the buyer for a certain period with deferred payment and subsequently the buyer sells it to a third party for a cash payment. The commodity trading transaction will be conducted on the commodity trading platform
( i.e. Bursa Suq al Sila or any other providers).
It r e fers to a contract where it involves at least three different parties for the whole transactions and Murabahah refers to a contract where the seller has the obligation to disclose cost and profit to the buyer.
Dual wakalah arrangement is applied to this product whereby the Client will appoint the Factor as its agent to purchase the commodity owned by the Factor and to sell the commodity to the third party.