Shariah-Compliant Short-Term Financing for Your Trade Needs

IFIC Islamic Murabaha Trust Receipt (MTR) is a Shariah-compliant trade financing solution designed to support eligible businesses in meeting payment obligations for imported or locally purchased goods.

Under MTR, IFIC Bank purchases the specified goods, takes ownership of them and subsequently sells them to the customer at a pre-agreed price consisting of cost plus an agreed profit. The goods are then released to the customer against a Trust Receipt, with payment made according to the agreed terms.

Key Benefits

• Shariah-compliant trade financing
• Supports payment for eligible imports and local purchases
• Helps businesses take possession of goods without immediate full payment
• Suitable for short-term business financing requirements
• Supports dealings with domestic and international suppliers
• Flexible repayment, including early or partial payment, subject to applicable terms
• Selling price and profit are agreed in advance

Suitable For

MTR may be suitable for eligible businesses requiring financing for:

Import of Goods | Local Purchase of Goods | Supplier Payments | Short-Term Trade Financing

How It Works

1. The customer identifies eligible goods to be purchased.
2. IFIC Bank purchases the goods and acquires ownership/possession.
3. The Bank sells the goods to the customer at an agreed cost plus profit price.
4. The goods are released to the customer against a Trust Receipt.
5. The customer pays the agreed Murabaha selling price according to the approved payment terms.

Know More

To know more, visit your nearest IFIC Bank Branch or Uposhakha, or call 16255 today.

Terms and conditions apply. Financing is subject to eligibility, credit assessment, Shariah requirements and IFIC Bank’s applicable policies.