ALTERNATIVE TO RINGGIT FINANCING
IMPROVE CASH MANAGEMENT
Foreign Currency Financing
Onshore Foreign Currency Financing-i (OFCF-i) is a trade facility in foreign currency for financing of:
- Import; and/or
- Export; and/or
- Local purchases (for pure local purchases*/ export purposes); and/or
- Local sales (for pure local sales*/ where customer has import or foreign currency obligations); and/or
- Services and/or operating expenses (domestic*/ foreign)
*For financing of pure local purchases, pure local sales and domestic services and/or operating expenses, must be complemented with an Islamic Foreign Exchange (FEC-i) facility.
- Minimum: 14 days.
- Maximum: 180 days.
Improved Cash Management
OFCF-i can help improve cash flow for better cash management and business expansion.
OFCF-i is based on the Shariah principle of Murabahah via Tawarruq arrangement.
Natural Hedging Advantage
OFCF-i allows net exporters to have the advantage of natural hedging against foreign currency exchange risk.
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