The bank will negotiate/purchase the sales/export documents drawn under Letter of Credit (LC). Customer’s account will be credited with the sales/export proceeds if documents submitted comply with the terms and conditions of the LC. It is issued under the Shariah contract of Bai Al Dayn.

Features

• Ability to obtain immediate funds upon presentation of necessary documents
• As a means of financing for working capital requirements
• Margin of financing can be up to 100% of invoice value/bill amount
• Compliance checking of documents is handled by experts

Types of BEP-i

• Domestic Bills of Exchange Purchased-i/AP (DBEP-i/AP)
  Purchase of Trade Bills drawn under LC denominated in Ringgit Malaysia (RM)
• Foreign Bills of Exchange Purchased–i/AP (FBEP-i/AP)
  Purchase of Trade Bills drawn under LC denominated in foreign currency