SUPPLIER FINANCING-i

The Supplier Financing-i (SF-i) provides working capital for Malaysian exporters in exporting their products to overseas buyers through Pre-Shipment and Post-Shipment Financing. The Pre-Shipment finances working capital for production of goods, while the Post-Shipment finances the export bill after shipment has been made. The purpose of this facility is to promote the export of ‘halal’ Malaysian goods through financial assistance.

 
Purpose
To promote the export of Malaysian goods through financial assistance for production of goods and discounting of export bill.
Shariah Contracts / Concepts
Pre-Shipment Financing:
The pre-shipment financing applies the Murabahah contract or Tawarruq (Commodity Murabahah) concept.
 
Post-Shipment Financing:
The post-shipment financing applies the Tawarruq (Commodity Murabahah) concept.
Eligibility
Malaysian exporters registered under the Companies Act 2016. Non-Resident Control Company is also included. Detailed information can be obtained from the Product Disclosure Sheet
Margin of Financing
Pre-Shipment
Up to 100% of invoice value or 90% export order value
 
Post-Shipment
Up to 100% of export bill
Tenure
Pre-Shipment
Up to 120 days (a longer tenure may be allowed depending on the merits of the case)
 
Post-Shipment
Up to 180 days (a longer tenure may be allowed depending on the merits of the case)
Type of Financing
Pre-Shipment
Working capital for purchase of domestic/foreign inputs prior to shipment
 
Post-Shipment
Working capital financing after shipment
Profit Rate
The profit rate based on Cost of Fund-i plus spread.
Currency
Ringgit Malaysia, United States Dollars, Euro and other acceptable currencies.
Payment
Against export proceeds or other proceeds.
Disbursement
Pre-Shipment
  1. Direct to supplier.
  2. To Customer based on reimbursement.
Post-Shipment
To the exporter.
Security
Against but not limited to the following:
  1. Corporate Guarantee
  2. Shareholder and/or Director Guarantee
  3. Landed Property
  4. Charge on fixed and/or floating assets of customers
  5. Assignment of Takaful/insurance policies
Fees and Charges
Processing fee of 1.0%* of the financing amount.
(*) subject to Terms and Conditions. Not applicable to SME.