It refers to guarantee safe custody where the repayment of the whole amount of deposits, or any part thereof, upon your request for your deposits under the Wadiah concept.
It refers to Trustee Profit Sharing between two parties, a capital provider and entreprenuer, to undertake investment activities for profitable returns. The profit-sharing ratio is agreed upon before hand. Any capital losses shall be borne solely by the capital provider.
General Investment Account-i
Financing Contract
Bai Bithaman Ajil Contract
It refers to deferred payment sales where the goods is sold on a deferred payment basis. The sale price includes profit margin as agreed to by both the buyer and seller.
Term Financing-i
Cash Line-i
Equipment Financing-i
Ijarah Contract
It refers to lease agreement where the Bank lease fixed assets to customers.
Leasing-i
Al-Ijarah Thumma Al Bai Contract
It means hire or lease and to be followed by sale contract. There are two contracts to be undertaken, ie. Al-Ijarah (hire) contract and Al-Bai (Sale) contract.
Industrial Hire Purchase-i
Corporate Financing under Bai Al-Istina & Ijarah Muntahiah Bi-Tamlik
Bai Al-Istina and Ijarah Muntahiah Bi Tamlik are some of the contracts used by our corporate financing in offering financing to customers. The former refers the sale by order whereby Bank will finance customers who wish to acquire assets being constructed and to defer payment for the asset for a specific period, or to pay by instalments. The later refers to the Bank purchasing the asset as required by the customer and subsequently leased the asset to the customer on terms and conditions as agreed by booth parties. At the end of the lease period the customer will purchase the asset from Bank at its residual.
Syndicated Financing & Corporate Financing
Bai Murabaha (Cost Plus Sale)
It refers to cost plus sale whereby the Bank finance the goods selected by the customer by purchases the goods from the manufacturer and sell to the customer on deferred terms by adding the Bank's cost and margin.
Accepted Bills-i
Wakalah (Agency)
It refers to guarantee payment to the beneficiary in the event of customer's non-performance of contract with beneficiary
Letter Credit-i
Kafalah (Commission)
It refer to agency whereby the bank provide services to customer by assisting customers in import/export trade settlements.
