Under the export finance facility, the Bank will extend murabaha finance facility to the customer to purchase goods/raw materials against receive of inward letter of credit from the importer.
- The exporter has a bank commitment to pay against compliant documents, instead of running the importer’s commercial risk
- The selling price is fixed and agreed by both parties; i.e. Customer and the Bank will remain unchanged until the end of the payment period;
- This product perfectly suits those exporters who need to manage their commercial and cross-border risks