Need Assistance? Contact Hong Leong Call Center +603-76268899
Wholesale Banking
HL Markets
Corporate & Commercial
Hong Leong Flexi Term Financing-i
Trade Finance-i
Investment Banking


Wholesale Banking > Corporate & Commercial > Trade Finance-i
Personal
 
Business
 
For more information and quotation on our standard pricing, please call us at
Corporate & Commercial
Tel : 03-21643939 or
03-21692085

Trade Finance-i

Letter of Credit-i

 The Islamic Letter of Credit is based on the concept of Al Wakalah (Agency).
Refers to an agency relationship where the Bank acts as an agent on behalf of a company or individual.
Written undertaking by the Bank will be given to the seller at the request and instruction from the buyer, in making payment to the seller on behalf of the buyer at a determinable future date.


Trust Receipt-i
A working capital financing facility based on the Murabahah concept of cost plus profit sale.
A contract where the bank purchase the goods and sell them to customer at mark-up(principal + bank’s profit margin) and to be paid upon maturity.


Accepted Bills-i

 Based on the Islamic principles of Murabahah (cost plus profit sale).
Traded under the principle of Bai Al Dayn (Debt trading). Generally, the creation of ABi will be backed by the commercial transaction relating to import/export and local purchases/sales.


Shipping Guarantee-i

 An undertaking to the shipping company or forwarding agent to release goods to the importer pending receipt of the original Bill of Lading.
Save you from storage charges levied by the port authorities.


Bank Guarantee-i

 A legal instrument executed by us on your behalf favouring the beneficiary in connection with a permissible contract between you and your customer.
The Bank will provide an undertaking to pay a sum of money in the event of non-performance of the permissible contract.

 

Copyright © Hong Leong Islamic Bank reserved. Use of the information on this page is intended for Malaysian citizens and Malaysian residents only and all contents on this website are governed by Malaysian law and are subject to the disclaimer which can be read on the disclaimer page. Optimized for Internet Explorer 6.