Islamic Trade Financing

Letter of Credit-i (LC-i)

It is an undertaking given by MIB on behalf of the buyer to the seller that it guarantees payment to seller if the terms and conditions are complied. Hence, if the buyer defaults the payment, it is the responsibility of the MIB to make the payment.

Click here for Letter of Credit-i Product Disclosure Sheet (English)

Click here for Letter of Credit-i Product Disclosure Sheet (BM)

Onshore Foreign Currency Financing-i (OFCF-i)

A short term facility to finance import and purchase of goods denominated in foreign currency, eg US Dollar, Euro, Japanese Yen, Swiss Francs, Sterling Pound, Australian Dollar, Brunei Dollar, Canadian Dollar, New Zealand Dollar, Singapore Dollar, etc

Click here for Onshore Foreign Currency Financing-i Product Disclosure Sheet (English)

Click here for Onshore Foreign Currency Financing-i Product Disclosure Sheet (BM)

Accepted Bills-i (AB-i)

A short term facility whereby a usance bill of exchange is drawn by MIB, accepted by the buyer and payable on a specific future date.

Click here for Accepted Bills-i Product Disclosure Sheet (English)

Click here for Accepted Bills-i Product Disclosure Sheet (BM)

Trust Receipt-i (TR-i)

A short term facility to finance buyer’s purchase or import of goods against Inward Documentary Collection-i or Letter of Credit-i (LC-i)

Click here for Trust Receipt-i Product Disclosure Sheet (English)

Click here for Trust Receipt-i Product Disclosure Sheet (BM)

Invoice Financing-i

It is targeted for new and existing commercial and Small and Medium Enterprise (SME) buyers who are no longer eligible to enjoy Accepted Bills-i facility

Click here for Invoice Financing-i Product Disclosure Sheet (English)

Click here for Invoice Financing-i Product Disclosure Sheet (BM)

Inward Bills For Collection (IBC-i)

Handling of inward documents received from a seller for presentation to a buyer, either for payment on sight or acceptance of usance Bills of Exchange for payment at a future date.

Click here for Inward Bills for Collection-i Product Disclosure Sheet (English)

Click here for Inward Bills for Collection-i Product Disclosure Sheet (BM)

Shipping Guarantee-i / Endorsement Transport Document-I (SG-I / ETD-i)

An indemnity given by the buyer, countersigned by MIB, to a shipping company or its agent to allow the shipping company to release the merchandise to the consignee name in the Bill of Lading.

Click here for Shipping Guarantee-i Product Disclosure Sheet (English)

Click here for Shipping Guarantee-i Product Disclosure Sheet (BM)

Click here for Endorsement of Transport Documents-i Product Disclosure Sheet (English)

Click here for Endorsement of Transport Documents-i Product Disclosure Sheet (BM)

Inward Letter of Credit-i (Inward LC-i)

It is an undertaking given by MIB on behalf of the buyer to the seller that it guarantees payment to seller if the terms and conditions are complied. Hence, if the buyer defaults the payment, it is the responsibility of the MIB to make the payment.

Click here for Inward Letter of Credit-i Product Disclosure Sheet (English)

Click here for Inward Letter of Credit-i Product Disclosure Sheet (BM)

Onshore Foreign Currency Financing-i (OFCF-i)

A short term facility to finance export and sale of goods denominated in foreign currency, eg US Dollar, Euro, Japanese Yen, Swiss Francs, Sterling Pound, Australian Dollar, Brunei Dollar, Canadian Dollar, New Zealand Dollar, Singapore Dollar, etc

Click here for Onshore Foreign Currency Financing-i Product Disclosure Sheet (English)

Click here for Onshore Foreign Currency Financing-i Product Disclosure Sheet (BM)

Accepted Bills-i (AB-i)

A short term facility whereby a usance bill of exchange is drawn by the seller, accepted by MIB and payable on a specific future date.

Click here for Accepted Bills-i Product Disclosure Sheet (English)

Click here for Accepted Bills-i Product Disclosure Sheet (BM)

Bills of Exchange Purchase-i (BEP-i)

A credit facility made available to an exporter/ seller under Outward Documentary Collection-i  as a means to provide the working capital needed pending receipt of the sales/export proceeds.

Click here for Bills of Exchange Purchased-i Product Disclosure Sheet (English)

Click here for Bills of Exchange Purchased-i Product Disclosure Sheet (BM)

Bills of Exchange Purchase Authorised to Purchase-i (BEP AP-i)

A credit facility made available to an exporter/ seller under export Letter of Credit as a means to provide the working capital needed pending receipt of the sales/export proceeds.

Export Credit Refinancing-i ECR-i (Pre-Shipment)

Export Credit Refinancing-i (ECR-i) Pre-shipment a short term financing to direct/indirect exporters to promote export of manufactured products, agriculture products and primary commodities with funding from EXIM Bank.

Click here for Export Credit Refinancing-i Product Disclosure Sheet (English)

Export Credit Refinancing-i ECR-i (Post-Shipment)

ECR-i Post-Shipment is a short term financing granted to direct exporter who exports eligible products with funding from EXIM Bank.

Click here for Export Credit Refinancing-i Product Disclosure Sheet (English)

Outward Bills For Collection-i (OBC-i)

Handling of domestic sales and export documents, which are presented to the Bank by the seller to collect payment from the buyer through the buyer’s bank.

Click here for Outward Bills for Collection-i Product Disclosure Sheet (English)

Click here for Outward Bills for Collection-i Product Disclosure Sheet (BM)

Invoice Financing-i

IF-i is targeted for new and existing commercial and Small and Medium Enterprise (SME) sellers who are no longer eligible to enjoy Accepted Bills-i facility.

Click here for Invoice Financing-i Product Disclosure Sheet (English)

Click here for Invoice Financing-i Product Disclosure Sheet (BM)

Transferable LC-i

A letter of credit allows the first beneficiary of the letter of credit (LC) to transfer either partial or full of the credit, available to another party (second beneficiary), subject to the approval of the issuing bank.

Click here for Transferable LC-i Product Disclosure Sheet (English)

Click here for Transferable LC-i Product Disclosure Sheet (BM)

Confirmed LC-i

A confirmation added by Maybank Islamic Berhad to the letter of credit (LC) received by the exporter/beneficiary. By adding the confirmation to the LC, the bank undertake to honour or negotiate the drafts drawn under the LC (without recourse to customer) upon presentation of compliant documents against the LC terms by the customer.

Click here for Confirmed LC-i Product Disclosure Sheet (English)

Click here for Confirmed LC-i Product Disclosure Sheet (BM)

Bank Guarantee-i (BG-i)

An undertaking by the Bank to pay the beneficiary an agreed sum, if the buyer fails or defaults in fulfillment of his obligations under the terms and conditions of the contract or agreement with the beneficiary.

Click here for Bank Guarantee-i Product Disclosure Sheet (English)

Click here for Bank Guarantee-i Product Disclosure Sheet (BM)

Islamic Instant Banker’s Guarantee-i (IBG-i)

An undertaking by the Bank to pay the beneficiary an agreed sum, if the buyer fails or defaults in fulfillment of his obligations under the terms and conditions of the contract or agreement with the beneficiary. This product refers to a stand-alone Shariah Compliant Banker’s Guarantee, issued on ad-hoc basis on behalf of individuals and eligible business customers.

Click here for Islamic Instant Banker’s Guarantee-i Product Disclosure Sheet (English)

Click here for Islamic Instant Banker’s Guarantee-i Product Disclosure Sheet (BM)

Standby Letter of Credit-i (SBLC-i)

An undertaking by the Bank to pay the beneficiary an agreed sum, if the buyer fails or defaults in fulfillment of his obligations under the terms and conditions of the contract or agreement with the beneficiary.

Click here for Standby Letter of Credit-i Product Disclosure Sheet (English)

Click here for Standby Letter of Credit-i Product Disclosure Sheet (BM)

Trade Connex

TradeConnex, a fully functional ‘best in class' web based trade financing service available via Maybank2e.net. It is designed to increase the efficiency of trade finance transactions processing whilst delivering a highly efficient system for reporting and tracing the status of the transactions and its documents. Customer can perform and monitor their trade finance transactions online anytime, anywhere.