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Group Business Banking
Business Banking
Hong Leong Flexi Term Financing-i
Hong Leong Equipment Financing-i
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Hong Leong Murabahah Revolving Credit-i
Hong Leong Commodity Murabahah Revolving Credit-i
Hong Leong Commodity Murabahah Term Financing-i
Trade Services
Letter of Credit-i
Trust Receipt-i
Accepted Bill-i (Purchase)
Bank Guarantee-i
Shipping Guarantee-i


Group Business Banking > Business Banking > Trade Services > Accepted Bills-i (Purchase)
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Accepted Bills-i (Purchase)

AB-i can be used to finance imports and local purchases under the concept of Murabahah. Under this concept, the bank appoints the customer as the purchasing agent for the bank. The Customer then purchases the required goods from seller on behalf of the bank which would then pay the seller and resell the goods to the customer at a price, inclusive of a profit margin. The customer is allowed a deferred payment term of up to 365 days. Upon maturity of the Murabahah financing, the customer shall pay the bank the cost of goods plus the bank's profit margin.


 

 

 

 

 
 
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