Accepted Bills-i (AB-i) – Sales

Product Details

Brand Name

AffinBank
Service Type

Trade (Export)
Country of Origin

Malaysia

Product details of Accepted Bills-i (AB-i) – Sales

Main Features:

AB-i is a bill of exchange drawn by the bank on and accepted by the purchaser/importer (local purchase/import) OR drawn by the seller/exporter on and accepted by the bank (local sale/export). The creation of Accepted Bills-i is subject to ‘Guidelines on Accepted Bills-i’ issued by Bank Negara Malaysia (BNM). This financing facility based on the Shariah concept of Murabahah Bay al-Dayn bi al-Sila’.