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Hong Leong Commodity Murabahah Revolving Credit-i
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Based on a tripartite arrangement where the Bank purchases a specified commodity from a supplier in the market on spot basis and sell it to customer (on cost plus). Customer then, sells it to the market for cash. |
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Specially designed on revolving basis for convenient multiple utilization |
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Provide short term financing for local purchases or imports and working capital |
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The purpose of financing is for purchase of Shariah compliant stocks, inventories, intermediate goods and raw materials or any other working capital requirement |
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Method of payment is either by bullet payment of selling price upon maturity or profit servicing during the tenor and bullet payment of purchase price upon maturity |
*Product is available only at selected business centres
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